The Ordinance on Implementation of E-Invoicing and E-Reporting Requirements was published on September 15, 2021. The requirements will apply from:
- Large Companies (More than 5,000 employees and an annual turnover of more than EUR 1.5 billion or a balance sheet of more than EUR 2 billion) – July 1, 2024 (previously January 1, 2023).
- Intermediate Companies (less than 5,000 employees and an annual turnover of less than EUR 1.5 billion or a balance sheet of less than EUR 2 billion) – January 1, 2025.
- Small and Medium Companies (less than 250 employees and an annual turnover of less than EUR 50 million or a balance sheet of less than EUR 43 million) – January 1, 2026.
The same implementation dates apply for the e-reporting requirements
Implication:
Companies shall take note of revised due dates for implementation of E-Invoicing requirements and plan their actions accordingly.