Originally, the plan was to introduce the new VAT reporting method on July 1, 2024. After extensive consultations with professional federations, companies, and software publishers during the first half of 2023, the decision to postpone the launch was made to allow sufficient time for a successful implementation of this significant economic reform.
The new effective date is yet to be determined and will be established during the process of approving the 2024 budget law. This ensures that the 4 million affected businesses can smoothly transition to electronic invoicing under optimal conditions.
Work is continuing to provide businesses with as many assurances as possible for a successful transition to electronic invoicing (eInvoicing).
The registration service for partner platforms in eInvoicing, which was launched on May 2, 2023, by the Directorate-General of Public Finances, is already processing the first received applications. As a testament to the government's commitment to business interests, the support system is being developed in close collaboration with stakeholders, maintaining the same emphasis on dialogue and responsiveness that formed the foundation of this important reform.
We understand how crucial it is to stay informed about regulatory changes and their implications for your organization. We will continue to monitor the situation closely and provide updates as soon as they become available.
Sign up: eInvoicing & eReporting timeline alert
There are many upcoming changes in EU VAT legislation. We recognize that it can be challenging to keep track of all developments in eInvoicing and eReporting. That's why we've created a convenient timeline for you. If you'd like to receive a new timeline directly to your inbox whenever there are changes, sign up for the 'eInvoicing and eReporting timeline alert' using the form below, and we'll take care of the rest! ⏬
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