- Germany is implementing the Wachstumschancengesetz law to promote business growth, tax equity, and streamlined tax procedures.
- The phased approach to B2B e-invoicing in Germany includes a requirement for all companies to be equipped to receive e-invoices by January 2025. The adoption of the European e-invoicing standard EN 16931 is planned without data sharing with tax authorities.
- The decentralized B2G e-invoicing system across federal states poses a challenge in establishing a unified B2B billing system. Milestones in the progression of B2B e-invoicing include exploring an electronic reporting system, requesting changes to the European Directive on e-invoicing, and proposing a provisional implementation schedule for mandatory e-invoice issuance by January 2027.
Source SNI
Click on the logo to visit the website
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE