As we enter the new year, it's crucial for businesses to stay ahead of regulatory changes and industry trends. In 2023, one of the core topics that will shape the landscape of accounts payable is e-invoice compliance, with a particular focus on the upcoming mandate in France. Starting from July 1st, 2024, all companies subject to VAT in France will be required to accept e-invoices. This article aims to provide you with essential information and emphasize the significance of preparing for the France 2024 e-invoicing mandate.
Understanding the France 2024 E-Invoicing Mandate:
The France 2024 e-invoicing mandate aims to streamline and digitize the invoicing processes across businesses in the country. It will be implemented in stages, depending on the size of the company. Between July 1st, 2024, and January 1st, 2026, companies will be mandated to send B2B invoices in specified electronic formats. Initially, this requirement will only apply to French domestic invoices.
Expanding Compliance Requirements:
In addition to the e-invoice sending obligation, e-reporting will also become mandatory within the same timeframe. Non-domestic B2B and B2C transactions, as well as intra-community B2B invoices, will require e-reporting compliance. This expansion aims to create a unified and standardized approach to electronic invoicing, facilitating smoother transactions between businesses.
Basware's Commitment to Compliance:
At Basware, we understand the importance of staying compliant with e-invoice regulations. We are committed to providing a compliant e-invoicing solution in France and aim to become a Partner Dematerialisation Platform (PDP) accredited by the French General Directorate of Public Finance. Our dedication to compliance ensures that our customers can navigate the changing landscape with confidence.
Keeping You Informed and Equipped:
We recognize the significance of the France 2024 e-invoicing mandate and its potential impact on businesses. Our goal is to keep you well informed about the latest developments surrounding the mandate. We will provide expert insights and guidance to ensure your organization is fully compliant with the e-invoicing requirements. Basware is dedicated to serving you with both expertise and innovative solutions to meet the demands of the France 2024 e-Invoicing mandate.
To read more on this topic visit our France 2024 hub - https://www.basware.com/en-en/compliance/e-invoicing-mandate-france-2024/ or for wider reading our compliance blog - https://blog.basware.com/en/tag/compliance