The entry into force of electronic invoicing in France is delayed.
The Direction Générale des Finances Publiques (DGFiP) approved the Budget Law at the end of 2020. In it, the government established the obligation to use electronic invoicing in France in the B2B environment by 2023.
Gradually, France has been publishing details about this invoicing model. One of the most relevant is the model that the country will use. It is a clearance model in which companies must communicate in real-time with the country’s tax authorities.
For companies, this implies a technical adaptation that involves an investment of resources and time.
This is why the DGFiP has decided to give French companies more time and to modify the initial electronic invoicing implementation schedule.
New dates for the obligation
The new timetable for implementing electronic invoicing in France is as follows:
- Large companies: 1 July 2024. Large companies are defined as those with more than 5,000 employees and a turnover of more than 1,5000 million euros.
- Medium-sized companies: 1 January 2025.
- Small companies: 1 January 2026. Small companies are defined as those with fewer than 250 employees and a turnover of less than 50 million euros.
Thus, the French government has given an extra year to adapt to the obligation.
New e-Reporting system
In parallel to the introduction of electronic invoicing in France, the DGFiP has set up a new e-Reporting system. In e-Reporting, companies must report their transactions periodically to the corresponding tax authority.
This new system is designed for companies that carry out international transactions, both B2C and B2B.
Thus, most companies will have to send this report within 4 days from the end of the week. Companies taxed under a special tax regime will have to submit the e-report on a monthly basis.
The timetable for the implementation of e-reporting is the same as the timetable for the implementation of e-invoicing.
How do I adapt my company to all these changes?
Adapting to all the changes and technical requirements demanded by the use of electronic invoicing can be a challenge for many companies. For this reason, many companies rely on the experience of a partner to make the entire transition.
Voxel develops solutions for the digitalisation of the value chain. baVel is the leading e-invoicing platform in the tourism industry. The baVel network currently includes more than 50,000 hotels and 1,000 tour operators and travel agencies in 100 countries, and handles more than 90 million e-invoices per year.
If you would like to find out how we can help you, write to [email protected] and one of our experts will contact you.
