The bill outlines a three-phase implementation of mandatory e-invoicing.
Legislation—the Growth Opportunities Bill—on 22 March 2024 received approval from the German Federal Council (Bundesrat). This bill aims to enhance growth opportunities, foster investment and innovation, and promote tax simplification and fairness. A key provision of this bill is the mandate requiring the use of e-invoices in a structured format set by the tax authorities.
The bill, currently awaiting publication, outlines a three-phase implementation of mandatory e-invoicing:
The bill was previously approved by the lower of the parliament (Bundestag) on 23 February 2024 and is now awaiting publication in the official gazette.
Kathya Capote Peimbert | kcapotepeimbert@kpmg.com
Lauren Tallman | lmcevoy@kpmg.com
Philippe Stephanny | philippestephanny@kpmg.com