Exchanging electronic invoices in Germany

Each year, German companies send out over 6 billion invoices. Here, the trend is clearly moving towards electronic exchange of these invoices. Four out of five companies cite cost advantages as the decisive factor for switching to a different media for invoices, because this makes it possible to eliminate the printing, distribution, and postage costs. This guide shows which elements of the VAT framework require compliance when transitioning to electronic invoicing and presents the technical and managerial solutions that are available and ready for use. Furthermore, it provides information about the economic framework for the exchange of electronic invoices.