Germany: Electronic Invoicing B2B for the year 2027.

Germany: Electronic Invoicing B2B for 2027 Following the approval by the “Bundestag,” the “Bundesrat” adopted the Wachstumschancengesetz (Growth Opportunities Act) on March 22, 2024, according to which electronic invoicing B2B will become mandatory, starting in January 2027 for companies with turnovers exceeding €800,000, and in January 2028 for companies with turnovers below €800,000. However, all […]

Waiver of penalties for B2B e-invoices in Romania.

After the initial phase of mandatory e-invoicing implementation in Romania in January 2024, an extension of the penalty waiver period until May 31 was envisaged in a draft regulation issued on March 23. This process consists of two stages: January 2024 – Establishment of a temporary reporting regime for invoices between January 1 and June […]

Implementation schedule of JPK in Bulgaria and related regulations

Expectations are that Bulgaria will introduce an obligation for taxpayers to periodically submit a single audit file (JPK) to tax authorities. The exact implementation schedule remains unspecified as the project is still in development, and the regulations have not yet been adopted. It is anticipated that the JPK obligation will be introduced gradually, starting with […]

Germany – important information regarding German regulations related to e-invoicing

On February 21, 2024, the mediation committee of the German parliament took significant steps towards the introduction of the Development Opportunities Act, a key piece of legislation aimed at changing the landscape of e-invoicing in Germany. As professionals and business leaders, we need to be aware of legislative changes that impact our operational processes. Although […]