German e-invoicing liberalization is a fact [UPDATE]

October 10, 2011  |  Adoption, Electronic Invoicing

Tradeshift was the first to mention the upcoming German e-invoicing liberalization on their blog (kudo’s for the heads up to Levin Bunz).

German e-invoicing liberalisation

In a former post we kept you updated on the long awaited German e-invoicing liberalization. The German liberalization is particularly interesting. First, because Germany has one of biggest markets in the EU. Second, because the change in regulation is a major one: from technology/description based to principle based. But after a veto, the new voting is postponed until 23 September 2011.

23 September 2011 – German e-invoicing liberalisation

It’s a wrap. The German Bundestag (lower house of the German parliament) and German Bundesrat (upper house of the German parliament) approved the 2011 Tax Simplification Act on 23 September 2011.

Major changes to German e-invoicing law

Underneath are the most noteworthy changes when it comes to e-invoicing

  • Backwards applicable as from 1-7-2011 (this is a nice one)
  • Equal treatment between paper and electronic invoices
  • From technology/description based to principle based approach on fiscal guarantees
  • Business controls are also allowed for guaranteeing authenticity en integrity

For an overview of changes due to the new EU Directive: take a look at the E-invoicing Checklist

Related Posts

Comments are closed.