France can move ahead with new rules requiring large companies to issue valued-added tax e-invoices, under an exemption from EU law approved on Friday.
The French measure—published in a September 2021 decree—requires large companies to issue electronic invoices for all business-to-business transactions, starting in 2024. Medium-sized and smaller companies would have to comply starting in 2025 and 2026. In practice, e-invoicing is widespread in France and is already required for business-to-government transactions.
Critics have argued that requiring companies to issue VAT invoices electronically increases compliance costs, but governments fighting VAT fraud and avoidance have embraced the approach.
France ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.