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As we move into the second quarter of 2024, it's time to take a look at the countries that are making further progress towards mandatory electronic invoicing processes. View our quarterly update and download our 2024 E-invoicing Guide for an overview of mandates from around the globe.
Latvia: Pushes forward with electronic invoicing implementation
The Latvian Ministry of Finance has announced a significant step towards modernising its economic infrastructure. By the 31st of December 2025, mandatory electronic invoicing for business-to-business (B2B) transactions will be fully implemented for relevant taxpayers. This move aims to streamline processes, enhance transparency and combat the grey economy.
At the end of January 2024, in line with the B2B initiative, Latvia unveiled a comprehensive 4-year plan to effectively tackle the country’s challenges. A pivotal aspect of this plan is the promotion of non-cash transactions, with a particular emphasis on e-invoicing.
The upcoming 2025 e-invoicing rollout will encompass transactions not only between businesses (B2B) but also those involving government agencies (B2G). The structured 'Peppol' invoice is expected to emerge as the default e-invoicing standard, aligning with European standards (EN 16931-1:2017 and CEN/TS16931-2:2017), as outlined in the Finance Ministry’s informational report.
Latvia's commitment to embracing digitalisation reflects its determination to foster a more efficient and transparent economic landscape while aligning with global standards.
Both technical and legal framework is work in progress, so more news will come from local authorities and State Revenue Service. Reach out to our Latvian office to stay on top of news regarding local requirements and technical solutions.
Germany: B2B electronic invoicing developments
On the 22nd of March 2024 the German Bundestag approved the Growth Opportunities Act (Wachstumschancengesetz), which confirms the country's B2B electronic invoicing mandate. The proposed timelines remain unchanged, therefore we can expect businesses to start preparing for 2025, with the official roll-out confirmed for 2027:
Businesses are advised to commence preparations for electronic invoicing, ensuring readiness to receive electronic invoices compliant with EN 16931-1 formats by the 1st of January 2025.
Rolling out the mandate for sending electronic invoices is set to commence on the 1st of January 2027.
Learn more of the key details via our blog "Germany's B2B electronic invoicing law approved".
Spain: News on Create and Grow Law
The Ministry of Economy has notified the European Commission of the draft Regulation of the Create and Grow Law, as the regulation has potential impacts on “electronic invoice exchange platform services”.
The official notification can be found on the European Commission’s website.
What does the Create and Grow Law mean for the average Spanish business? Learn the key details in our blog: 10 essential facts on Spain's B2B electronic invoicing law.
How to stay up to date?
With an increasing number of countries implementing mandatory e-invoicing rules, staying informed can be challenging. To stay up to date of the latest developments worldwide, connect with us on LinkedIn for additional updates.