- E-invoicing mandates are gaining momentum globally, with Germany being one of the pioneer countries.
- Governments worldwide are imposing regulations to transition to electronic invoicing and ensure VAT compliance.
- The effective dates of these mandates can be unpredictable, adding complexity and requiring rapid adjustments.
- Proactive preparation is key to success, including taking a global view of e-invoicing mandates and creating a strategic timeline.
- Germany’s regulatory changes include a requirement for companies to be capable of receiving EN-compliant e-invoices by 2025.
- Suppliers can issue EN-compliant e-invoices without prior consent from buyers.
- Unstructured formats and non-EN-compliant EDI e-invoices are allowed only with the buyer’s consent.
- Companies with over €800K turnover must exclusively send e-invoices starting January 2027.
- Smaller companies can continue sending paper or PDF invoices until January 2028.
- The government draft on the Growth Opportunities Act outlines transitional arrangements for sending methods.
Source: blog.basware.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.
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