- E-invoicing incentives extended for two more years
- Electronic invoicing will become mandatory once approved by the European Commission
- Mandatory transmission of income and expenses effective from 1.1.2024
- Penalties imposed for failure and overdue submission of required data
- Penalties relate to violations of compliant reporting of income and e-transport document
- Implementation timeline and details of penalties yet to be published
Source: sovos.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
