Starting from January 1, 2025, E-Invoicing will become mandatory. Electronic invoicing, or E-Invoicing, refers to the process of sending, receiving, and processing invoices in an electronic format. An electronic invoice (e-invoice) is an invoice issued, transmitted, and received in a structured electronic format that allows for electronic processing – an invoice in PDF format does not meet this requirement. This brings numerous advantages, such as faster processing, cost savings, and reduced paper consumption.
In March 2024, the introduction of E-Invoicing was further promoted through the Growth Opportunities Act. The act aims to encourage digitalization in businesses while simplifying and making administrative processes more efficient.
Furthermore, the ViDA (VAT in the Digital Age) initiative by the European Commission supports the transition to electronic invoicing. The goal of this initiative is to modernize the VAT system in Europe through digitalization, thereby improving tax collection and facilitating cross-border trade.
Currently, we have not received any specific requests from business partners. Therefore, we have decided to initially use the statutory transition period until January 2027. This allows us sufficient time to adjust our internal processes accordingly and thoroughly prepare for the introduction of E-Invoicing.
However, if there is concrete interest in implementing E-Invoicing, we are happy to create individual solutions and accelerate the transition process. In such cases, please feel free to contact us.
Thank you for your understanding and cooperation.