On 21st February 2024, the Mediation Committee of the Upper House and of the German Parliament discussed further the implementation of the Growth Opportunities Act, which among other things covers the introduction of e-invoicing in Germany.
Whilst the proposed legislation has not yet been approved, the Mediation Committee will meet again on 22nd March 2024 to discuss the same further.
German VAT legislation is to be updated to cover the various aspects of e-invoicing in Germany. From 1st January 2025, it will be mandatory to accept invoices electronically, with this invoicing method becoming the standard. From 1st January 2027, e-invoicing for domestic B2B sales will be mandatory for all German established companies with an annual turnover above EUR 800.000.
This regulation will be extended to all German-established entities, irrespective of turnover, as of 1st January 2028.
We will keep you updated on this issue.