E-invoicing advancements are developing swiftly in Germany 🇩🇪

The Council of the European Union has now authorised Germany to mandate B2B e-invoicing in the country. The timeframes for approval remain the same as previously outlined in the draft proposal a few weeks ago - i.e from 1 January 2025 to 31 December 2027, or alternatively, when Digital Reporting Requirements for ViDA (VAT in the Digital Age) come into effect.

We're closely monitoring e-invoicing developments in the country. Stay up to date here: https://lnkd.in/eBEn446w
#einvoicing #ViDA #europeanunion

It is one of the most ambitious, perhaps even courageous, but definitely one of the most intrusive, fiscal and digitisation programmes within the EU – and it is on everyone’s agenda: the French e-invoicing and e-reporting mandate 🇫🇷

However, it was announced last week that the implementation of this mandate, which was originally due to start on July 1, 2024, has been delayed. This raises many questions - particularly in regards to how the PDP registration will now progress, and around the market pilot planned to start on January 3, 2024.

We'll be keeping a close eye on the delay, and will provide more information on the postponement as soon as we learn more. Stay up to date via our compliance page: https://lnkd.in/eTEwpJ8u
#einvoicing #ereporting #europeanunion #compliance

Belgium’s planned wider tax reforms have, as of late collapsed, in part due to a degree of political instability in the country. This means that the envisaged plans to consolidate the reduced and super-reduced rates into a single 9% VAT rate have, for now, also halted - which in turn raises further questions about the timeline around Belgium's B2B e-invoicing and e-reporting mandate.

While the Belgian government have not yet communicated any official timelines, we'll be closely following for updates on the mandate implementation.

Stay up to date via our compliance page:
https://lnkd.in/eeSeb2hb
#B2BEinvoicing #Belgium #Einvoicing #VAT #VATCompliance

At a time of global economic uncertainty, it’s never been more important for suppliers to be paid on-time by their customers. That’s why gaining a deeper understanding of your buyers’ creditworthiness is crucial.

In our recent blog, we explore how Accounts Recievable (AR) teams can use effective processes and technologies to keep track of customer payments and identify potential credit risks in advance.

Read more: https://lnkd.in/eiGAr3E5
#AccountsReceivable #AR #ARAutomation #CreditRisk

Portugal’s B2G Small and Medium Enterprise (SME) mandate has been subject to multiple revisions- and yet again, this has been delayed – to 31 December 2023, via Law Decree no. 54/2023.

Current requirements in Portugal mandate that only large businesses have a requirement to issues e-invoices in the B2G e-invoicing environment.

Read more about B2G e-invoicing in Portugal on our dedicated country-specific page: https://lnkd.in/eXDCuexw
#SMEs #B2G #EInvoicing #Portugal