VATupdate

Share this post on

From the upcoming update of EN 16931 to XRechnung 4.0

  • Germany’s KoSIT is developing XRechnung 4.0, a major update to align with the upcoming EN 16931-1:2026 standard, which is crucial for a generational shift in German tax-compliant data exchange and will support the B2B mandate and EU ViDA requirements.
  • XRechnung 4.0 will address legacy shortcomings like ambiguous tax combinations and rounding, introduce native B2B functionality for complex business scenarios, and enhance data fields for ViDA readiness, including granular bank details and flexible payment terms.
  • The transition to XRechnung 4.0 will require significant upgrades for service providers as it will not be backward compatible, necessitating migration planning for businesses ahead of the 2028 e-invoicing mandate and the 2030 ViDA implementation.

Source The Invoicing Hub


Briefing document & Podcast: Germany E-Invoicing B2B Mandate, Timeline and Compliance – VATupdate


  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
  • Join the LinkedIn Group on VAT in the Digital Age (VIDA), click HERE

 



Sponsors:

VAT IT
Pincvision

Advertisements:

  • Pincvision