The purpose of e-invoicing
After the obligation to use electronic invoices with French institutions, it is the turn of French companies (domestic B2B) to comply with the obligation to exchange their invoices in dematerialized form.
Continuous Transactional Control, Clearance and e-reporting are models that are rolling out around the world and come to us from Latin America. France will adopt a French version which will use a national platform AND certified platforms for clearance and e-reporting.
Everyone is talking about it, the obligation to exchange electronic invoices between companies (B2B). Depending on the size and sector, companies will have to get in order starting July 1, 2024 and no later than January 1, 2026
The invoice is an official document that is at the crossroads of several regulations, which sometimes leaves room for several interpretations that can contradict each other. In this article, we will focus on the generalities that govern electronic invoicing.
The PAF is one of the three dematerialization processes accepted by the legislator and which is specific to France. The Reliable Audit Trail is an internal documentation that explains and proves the invoicing process.
The electronic signature is a means of securing electronic invoices accepted by the French legislator. It autonomously guarantees the authenticity, origin, and integrity of the content.
Invoices transmitted by Electronic Data Interchange (EDI) are in the form of a structured message, according to an agreed standard, allowing for reading by computer and which can be processed automatically.
The companies that will have to send the e-reporting are subject to VAT in France and who trade with individuals and non-taxable institutes (BtoC known as “business to consumer”)…