{"id":9605,"date":"2024-03-27T12:18:09","date_gmt":"2024-03-27T10:18:09","guid":{"rendered":"https:\/\/www.retarus.com\/blog\/en\/growth-opportunities-act-paves-the-way-for-mandatory-b2b-e-invoicing-in-germany"},"modified":"2024-05-07T10:55:30","modified_gmt":"2024-05-07T08:55:30","slug":"growth-opportunities-act-paves-the-way-for-mandatory-b2b-e-invoicing-in-germany","status":"publish","type":"post","link":"https:\/\/www.retarus.com\/blog\/en\/growth-opportunities-act-paves-the-way-for-mandatory-b2b-e-invoicing-in-germany\/","title":{"rendered":"Growth Opportunities Act paves the way for mandatory B2B e-invoicing in Germany"},"content":{"rendered":"\n
On March 22, the German Bundesrat (Federal Council) approved the amended draft bill of the Growth Opportunities Act. This new set of laws lays the groundwork for the phased introduction of mandatory e-invoicing in Germany.<\/p>\n\n\n\n
In the first phase, it will become obligatory for all businesses to have the capacity to receive B2B e-invoices as of January 2025 \u2013 as usual, this includes certain exceptions and grace periods:<\/p>\n\n\n\n
The German Minister of Finance will be delighted. The EU commission and Federal Finance Ministry (BMF) estimate that the introduction of mandatory e-invoicing will gradually boost tax revenues by well over 10 billion euros per annum.<\/p>\n\n\n\n
This opens up the opportunity for the national revenue service to review VAT deductions immediately, which should cause VAT fraud and other unlawful tax evasion practices to dry up in only a few years, the German E-invoicing Alliance (VeR) explained in a recent statement<\/a>. According to the VeR, the introduction of mandatory invoicing will also serve to accelerate the digital transformation of the business processes in question significantly.<\/p>\n\n\n\n Is your business impacted by these new regulations? Retarus assists companies in implementing all necessary measures. Find out more about Retarus’ E-invoicing solution<\/a> on our website or directly from your local Retarus representative<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Last week, the German Bundesrat (Federal Council) approved the amended draft of the new Growth Opportunities Act. This clears the path for the phased introduction of mandatory e-invoicing.<\/p>\n","protected":false},"author":14,"featured_media":9814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_s2mail":"yes","footnotes":""},"categories":[8],"tags":[1673],"acf":[],"yoast_head":"\n