Last Friday, 27 September 2019, France came closer to fulfilling its plan to make electronic invoicing mandatory with the publication of the draft of the finance bill for 2020. The finance bill is still to be voted on by parliament (Assemblée Nationale), but French business owners should know that this official proposal is a big step towards an impending mandate.
The plan gets more serious
We’ve previously reported on France’s discussions around mandatory e-invoicing, the prerequisites for mandatory transaction-based real-time controls, and how France may go ahead with implementing them, i.e. which model and technology they are likely to adopt. Putting the proposal in writing shows that the government is serious about moving forward with the measure.
Highlights of the draft
Article 56 of the document outlines the proposed implementation of obligatory e-invoicing within the country, including such highlights as:
- Transaction-based real-time controls are proposed to be introduced January 1, 2023 at the earliest and January 1, 2025 at the latest;
- The government shall submit a report to parliament by September 1, 2020 outlining the implementation plan for such transaction-based real-time controls;
- France needs to appeal to the European Commission for exemption from Article 395 (1) of Council Directive 2006/112/EC, an article which effectively prohibits mandatory e-invoicing.
Stay tuned for more coverage
Much remains to be clarified about the possible future regulations, but Pagero guarantees continued updates and accurate information surrounding the topic. Keep calm, read the right sources, and contact us in case of any questions.
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