Parliament Approves E-Invoicing Mandate for Businesses by 2028

• German Parliament approves legislation introducing e-invoicing mandate
• Legislation aims to enhance growth opportunities, foster investment and innovation, and promote tax simplification and fairness
• Key provision is the mandate requiring the use of e-invoices in a structured format set by tax authorities
• Three-phase implementation of mandatory e-invoicing outlined in the bill
• Businesses must be able to receive electronic invoices from 1 January 2025
• From 1 January 2027, businesses with annual revenues over €800,000 must issue e-invoices
• From 1 January 2028, all businesses in Germany must issue e-invoices
• Bill previously approved by the lower parliament and awaiting publication in the official gazette.

Source: kpmg.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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