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On 31 October 2024, the Latvian Parliament approved an update to the Accounting Law, which introduces the mandatory use of structured e-invoices for B2G and B2B transactions.
The Accounting software for resident companies has been made available by the Belgian Federal Public Service for Finance (FPS) for implementation from the 1st of January 2026. This coincides with the introduction of mandatory electronic invoicing. Furthermore, these software applications will facilitate the exchange of invoices in PEPPOL format.
The German Ministry of Finance (BMF) has published an update to the June draft, providing further details regarding the scope and rules for the forthcoming mandatory B2B e-invoicing initiative, scheduled to commence in January 2025.
On 23 September, HM Revenue & Customs (HMRC) announced the commencement of a consultation process with the objective of promoting the adoption of e-invoicing by government administrations and businesses.
In accordance with Article 5 of Law 4308/2014 (Greek GAAP),the electronic delivery notification system is scheduledfor launch in Greece by the end of the year.
Mandatory electronic invoicing has become increasingly prevalent in Europe in recent years, with a number of countries embracing this method to modernise and simplify their invoicing processes. The transition to e-invoicing has been gradual but steady, with a range of European nations passing legislation and regulations to encourage the uptake of mandatory e-invoicing.
Since the publication of Directive 2014/55/EU, e-invoicing has spread to all countries on the European continent.
European countries lose 825bn euros from tax evasion every year. This represents a loss of 16.5% of their tax take, according to a report by the socialists and democrats group. This is a major problem for governments and for which action has already been taken at both global and local levels.
From 18th April, 2019, the public administrations of all EU Member States are compelled to electronically receive and process their invoices. This concerns any B2G (Business-to-Government) and G2G (Government-to-Government) trades and transactions within the European Union.
The 2014/55/EU regulation is aimed at standardise a common European e-invoicing format, so that any public or private supplier is able to work with European public administrations seamlessly. Developing cross-border trade falls under the main EU goals.
Estonia, like many other European countries, has decided to implement mandatory eInvoicing for the country’s public procurement. This decision is included in the modification of the Accounting Act that was published on 27 December 2016, which established that all contracting authorities (central, regional and local) must accept and process machine-processable invoices as of 1 March 2017.
