E-Invoicing: VAT Deduction, Retention Periods, and Audits – Insights from BMF’s Final Directive

• Starting January 1, 2025, businesses must be able to receive and process electronic invoices in B2B transactions
• Issuing electronic invoices is also mandatory
• The legislator has provided transitional arrangements until 2027
• Practical questions arise about how the input tax deduction works
• Concerns exist about the consequences of not accepting an electronic invoice
• Considerations are necessary for business audits

Source: datenbank.nwb.de

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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