The Government is carrying out an ambitious reform for the implementation of electronic invoicing in France, which aims to simplify the transmission of data to the tax authority, reduce costs and collection periods for companies and reinforce mechanisms to fight against fraud and tax evasion. For this purpose, companies will be required to choose a single platform through which they will receive invoices from their suppliers, as well as send invoices to their customers, and which will act as an intermediary in sending data to the administration.
The French tax authority, after discussions with the stakeholders has decided to postpone the entry into force of the electronic invoicing obligations initially fixed on July 1st, 2024, in order to make sure that the transition to the new system is carried out with all the guarantees.
During the month of October 2023, the new effective dates for the entry into force of the reform has been determined as follows:
- September 1st, 2026: All companies must be in a position to receive electronic invoices through the newly established means, and the issuance of electronic invoices will be mandatory for large and medium-sized companies.
- September 1st, 2027: obligation of issuing electronic invoices is extended to SMEs and micro-companies.
Nonetheless, these deadlines could also be postponed by a maximum of another three months if deemed necessary by the French tax authority.
In the future this reform is also intended to simplify for the companies to comply with their tax compliance obligations, by pre-filling VAT returns automatically with the data gathered by French tax authority through e-invoicing platforms.
In the future, it is also intended that the reform will help simplify the reporting obligations of companies by including the data transmitted to the French tax authority automatically in the VAT returns.
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