- The German government has approved the Growth Opportunities Act to introduce e-invoicing and digital reporting
- The mandate for B2B electronic invoicing is part of the ViDA reform and aims to modernize the invoicing system
- Timeline for new requirements: 2025 for receiving e-invoices, 2027 for issuing electronic invoices, and 2028 for all taxable persons to use electronic invoices
- The reform aims to improve tax monitoring tools, reduce the VAT gap, and enhance the quality of the invoicing process
- Taxable persons in Germany should prepare for the mandate within the specified timeframe to avoid last-minute issues
- The reform represents a move towards digitalization, reinforcement of tax reporting channels, and VAT compliance
- Essential investments will be required for the implementation of the new system, but the long-term benefits outweigh the initial costs.
Source: 1stopvat.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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