Widespread use of electronic invoicing: 2024 implementation postponed
July 28th the French Tax Administration announced that the generalization of the e-invoicing will be delayed. Initially planned to start in July 2024, this major fiscal reform is delayed.
The aim of this reform is to :
- boost business competitiveness by reducing administrative burdens and boosting productivity through dematerialization;
- ultimately simplify their VAT reporting obligations, thanks to pre-filled returns;
- improve the fight against fraud, to the benefit of bona fide economic operators and fair competition;
- improve real-time knowledge of the business economy.
This is part of France’s overall digitalization plan.
Find more by reading the press release: here