- The EU Council has proposed granting Germany a derogation to mandate electronic invoicing between taxable persons in the country.
- This is part of Germany’s plan to combat VAT fraud, with the e-invoicing mandate set to begin in January 2025.
- The derogation will be valid until December 2027 or when the ViDA proposal is valid. Businesses established in Germany will be required to issue e-invoices and report them to the tax authorities, with the implementation being introduced gradually.
- The e-invoicing system and format are largely compliant with the VAT in the Digital Age proposal, and after collecting data, tax authorities can cross-check with information in VAT returns to combat tax fraud.
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