On 6 November 2020, as part of the review of the Finance Bill for 2021, the French Government presented an amendment that would allow it to take the necessary measures to introduce:
- Mandatory electronic invoicing for domestic transactions between companies (e-invoicing)
- An obligation to transmit invoicing and payment data for transactions carried out with individuals or foreign operators (e-reporting)
Under the proposals, the obligation to receive electronic invoices would come into effect for all companies from 1 January 2023. The obligations related to e-invoicing and e-reporting for outgoing invoices would apply from 1 January 2023 for large companies, from 1 January 2024 for medium-sized companies and from 1 January 2025 for very small, small and medium-sized companies.
For additional information with respect to this Alert, please contact the following:
Ernst & Young, Société d’Avocats, Paris
- Gwenaelle Bernier
- Jean-David Vasseur
- Kamila Ferhat
