Secure, accurate and tax-compliant electronic invoices without additional work, all with Banqup.
The e-invoicing obligation for B2B transactions will come into force in Germany on January 1, 2025. This will make electronic invoicing in accordance with the European standard EN 16931 (e.g. XRechnung and ZUGFeRD formats) the standard.
But what exactly does the new regulation mean for companies? Find out everything on November 27 in our webinar "Act instead of wait and see: implementing e-invoices correctly and smartly in Germany and worldwide".
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Many European countries are actively working to reduce the so-called VAT gap. This is the difference between the amount of VAT expected and the VAT actually paid to the government.
As a result, many governments are mandating e-invoicing to ensure full transparency of business invoicing activity.
To comply, your business needs an e-invoicing solution that connects to the respective government agency's e-invoicing platform. With Banqup, this is easily done for you.
Using Banqup, you can create e-invoices in seconds. Then distribute them via our network and connect to your government platform. We'll make sure you have all the required fields so you can then submit the invoice in format that ensures you comply.
In Europe, there are numerous efforts to make such regulations mandatory for electronic invoices. Many countries in Europe are currently enacting corresponding laws. Take a look at the next important dates for the regulations on electronic invoices and so-called clearance models in European countries (VAT Directive). Are you affected? Check out if and what your company has to do to comply with them.
Technical requirements
- Platform - Varies per state
- Format - XRechnung
- Archiving period - Minimum 10 years
B2G mandates
- Receiving - All public entities
- Issuing - All public entities and their suppliers
B2B mandates
- 1 January 2025 to 31 December 2026 - Voluntary e-invoicing
- 1 January 2027 - Mandatory for businesses with a turnover exceeding €800,000
- 1 January 2028 - Mandatory for all other businesses
- 1 January 2028 - Expected e-reporting for domestic and international transactions
- Most likely implementing the DCTCE model
Ensure that your company remains compliant. Use the Banqup features:
Receive EN 16931-compliant invoices, e.g. in XRechnung or ZUGFeRD format, today already, and meet the requirements of the Growth Opportunities Act, which comes into force on January 1, 2025.
Join international e-invoicing networks such as Peppol and GENA (formerly EESPA).
Legally compliant archiving! Ensure that your documents are automatically and securely archived for the mandatory minimum period of 10 years (calculated from the end of the financial year in which they were created).
At the same time, your accountant or tax advisor can conveniently and reliably ensure that your invoices and processes comply with regulations thanks to direct access to the accounting.
Banqup helps you become compliant with the connection to over 60 government tax platforms globally.
E-invoicing is not only mandatory, it also automates your processes and simplifies administrative tasks.
Let Banqup support you in matters relating to international e-invoicing, so you can instead concentrate on your business.
Banqup makes e-invoicing and tax compliance child's play.
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At Banqup, we strive to simplify invoicing by taking away the mundane daily tasks and digitalising the processes for you.
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