The Growth Opportunities Act, published on 27 March 2024, introduces tax amendments, including a specific electronic invoice format for certain supplies of goods and services. This format, referred to as “e-invoices,” will be mandatory for domestic business-to-business (B2B) transactions in Germany. However, there are exceptions for low-value invoices and certain types of transactions. Electronic invoices in other formats will still be allowed in other cases, but only with the recipient’s consent. The e-invoices will be based on the European standard for electronic invoicing under Directive 2014/55/EU.
Source PwC
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Germany"
- German Finance Ministry Allows Invoices in Any Official EU Language, Updates VAT Decree
- VAT Challenges and Complexities of Tourist and City Cards in Germany
- VAT Committee Clarifies Single-Purpose Vouchers and ECJ Judgment on Supply and Taxation Rules
- Germany Introduces Language Flexibilities for E-Invoicing
- European Customs Union: Facilitating Free Trade and Protecting Citizens for Over 50 Years
