29 November 2024
In November, Germany’s Ministry of Finance (BMF) published a new Frequently Asked Questions regarding the first phase of its e-invoicing mandate, which begins on 1 January 2025.
This new requirement applies to resident businesses selling to other VAT-registered businesses within Germany. Under the mandate, businesses will report their sales to the German tax authorities via a new e-invoicing platform rather than sending invoices directly to their customers.
The goal of this invoice-reporting regime is to combat VAT fraud by providing tax authorities with real-time visibility into when VAT is charged and collected.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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