27.07.2023 German Tax and Legal News
On 12 July 2023, the German Ministry of Finance (MOF) published a draft of the business tax reform bill (“Growth Opportunity Act”), which includes the introduction of mandatory electronic invoicing (e-invoicing) provisions for domestic business-to-business (B2B) supplies. After publishing a “working paper” version for discussion in April 2023, the MOF has considered input from business associations, particularly on the ambitious implementation deadline, and has finalized its plans to introduce mandatory B2B e-invoicing for domestic supplies. The draft bill is expected to be adopted by the end of 2023, and the new rules would come into force on 1 January 2025.