Mandatory eInvoicing in the home stretch
Mandatory eInvoicing in the home stretch: Mediation Committee reaches compromise on the Growth Opportunities Act During the night of February 21–22, 2024, a compromise was apparently reached in the Joint Committee of the Bundestag and the Bundesrat. The Growth Opportunities Act (WCG), which has been scaled back in scope, now provides a relief package of […]
France: New Timeline for eInvoicing in 2024
Changes to the 2024 French Finance Act: A new timeline takes effect As part of the Europe-wide effort to establish a standard for electronic invoicing, France was long considered a pioneer and model country in its implementation. Although Germany, as a driving force behind the move toward mandatory eInvoicing, played a key role in drafting […]
XRechnung Explained
XRechnung Explained: Structure, Fields, Mandatory Information Digitalization has fundamentally changed the way businesses and public institutions operate. A key component of this transformation was (and remains) the introduction of electronic invoicing (also known as eInvoicing) in the form of XRechnung in Germany. This electronic invoice format significantly simplifies the invoicing process between companies of all […]
XRechnung is now available in the updated version 3.0.1
XRechnung is now available in the updated version 3.0.1 Starting February 1, 2024, the updated version 3.0.1 of XRechnung will take effect. Under this version, eInvoicing may be sent to receivers connected to the federal government’s “Central Invoice Receipt Portal” (ZRE) or the “Online Access Act-compliant Invoice Receipt Platform” (OZG-RE). With the release of the […]
Will (or should) the eInvoicing requirement for B2B be postponed?
Will (or should) the eInvoicing requirement for B2B be postponed? Arguments for and against the introduction of B2B eInvoicing on January 1, 2025 An important decision is looming in Germany: Should the mandatory introduction of electronic invoicing in the B2B sector in accordance with the EN 16931 standard be postponed? This debate raises numerous questions, […]
Comparison of 4-Corner, 5-Corner, and 6-Corner Models
The Evolution of Electronic Invoice Exchange: A Comparison of 4-Corner, 5-Corner, and 6-Corner Models The digital transformation has fundamentally changed the field of accounting. Developments related to electronic invoice exchange—known as eInvoicing—are particularly important in this context. With the upcoming mandatory eInvoicing requirement in the B2B sector and the planned electronic VAT reporting system in […]
Top: 100 reasons for electronic invoices
eInvoice: 100 good reasons, that speak in favor of electronic invoicing eInvoicing – something that previously only interested digitally savvy process optimizers in large to very large companies or all those who had to exchange invoices with the public sector in Europe, the federal government, federal states and municipalities, is now also moving up the […]
The E-Invoicing Exchange Summit in Dublin: On the path to the digital future of invoicing
The E-Invoicing Exchange Summit in Dublin: On the path to the digital future of invoicing Hardly begun, and it’s already over – after three engaging and discussion-packed days, the eagerly anticipated E-Invoicing Exchange Summit has come to an end. The event, held from October 2 to 4 in Dublin, Ireland, was centered on nothing less […]
The Federal Ministry of Finance is phasing out PDF and paper invoices for (almost) all B2B transactions
The Federal Ministry of Finance is phasing out PDF and paper invoices for (almost) all B2B transactions A few days ago, the Federal Ministry of Finance (BMF) submitted its draft of the so-called “Growth Opportunities Act” to selected institutions, associations, and several TRAFFIQX providers for comment. So far, so boring. But: What initially sounds like […]
XInvoice Requirement in Mecklenburg-Western Pomerania
XInvoice Requirement in Mecklenburg-Western Pomerania Mecklenburg-Western Pomerania is introducing mandatory X-invoicing! There are important changes for suppliers to public contracting authorities in Mecklenburg-Western Pomerania. Starting April 1, 2023, submitting XRechnungs invoices will be mandatory! This means that all invoices to public contracting authorities must be submitted electronically in the XRechnungs format. Prepare now to ensure […]