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Enterprises. Electronic Invoicing: the IRS Hopes to Recover Two to Three Billion Euros of VAT per Year
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Read the full article on stephaneLarue.com All companies subject to VAT will have to be able to receive electronic invoices as early as September 1, 2026. SMEs have until 2027 to issue theirs, but already fear a significant additional cost, between new platforms, software updates and accounting experts fees.
One of the first objectives of the move to electronic invoicing by 1 September is the fight against VAT fraud. The Directorate-General for Public Finance hopes to recover two to three billion euros per year.
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