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"
- Webinar MDDP: E-invoicing for SMEs – upcoming changes in Poland, Germany and Belgium (Sept 9)
- VAT Exemption for Online Educational Services: Challenges and Legal Uncertainties
- Understanding Rounding Rules: EN 16931 Standard and German VAT Application Decree
- ECJ to Decide if QR Codes Can Legally Replace Paper Receipts in EU Transactions
- VAT Exemption for Services of a Prevention and Personality Trainer in Schools