- Germany is transitioning to mandatory electronic invoicing for B2B transactions as part of its broader strategy for economic digitization.
- This shift aligns with the trend sweeping across Europe, where more countries are implementing mandatory e-invoicing and e-reporting systems.
- Germany’s initiative aims to combat tax fraud and ensure the integrity of cross-border financial transactions.
- The transition period for existing Electronic Data Interchange (EDI) invoices is approximately three years, with all domestic B2B invoices to be covered by the new system.
- The ViDA initiative, scheduled for implementation around 2028, will introduce a cross-border reporting system to combat VAT fraud.
- Key dates for compliance include January 1, 2025, when paper invoices will be phased out, and January 1, 2027, when larger companies will be mandated to issue e-invoices.
- By January 1, 2028, the B2B mandate will extend to all other companies. Germany is also planning to introduce a Continuous Transaction Control system for domestic and cross-border invoices in the future.
Source Comarch
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