WHAT THIS MEANS FOR YOU
Given the timeline and technical challenges outlined above, your organization needs to identify which parts of your Procure-to-Pay processes are affected by the French e-invoice mandate. The main questions you need to ask yourself are:
What does domestic e-invoicing in France via Chorus Pro look like?
E-invoicing generally comes in two parts: you either send them or you receive them, and you need to consider whether they are domestic French or cross-border invoices. When your organization issues domestic invoices, whether they are B2B or B2G, they’ll have to be e-invoices that run past Chorus Pro, which then reports the invoice data directly into the tax administration. Please read the timeline above to learn when your organization will be affected by this.
When receiving invoices for your AP process, the picture looks a bit different. When you receive a domestic B2B invoice, your organization needs to be able to receive them in e-invoice format starting 1st of July 2024.
How does e-reporting affect my processes?
While domestic invoices are reported directly to Chorus Pro in real-time, also an entire report of all non-domestic B2B and B2C transactions must be reported to the French tax administration on a recurring basis. What this means in practice, is that not only e-invoicing via Chorus Pro is mandated from 2024 onwards, but also organizations must design a process on how to report their transactions to stay compliant.
France 2024 is not a one-off: keeping track of compliance challenges
Ensuring global regulatory compliance with worldwide invoicing and tax mandates is a central business challenge for organizations operating in multiple geographies. These regulations vary vastly between countries since each country aims for different outcomes.
The challenge is therefore not only to ensure compliance with the French e-invoice mandate in 2024, but to ensure global compliance with e-invoicing regulations. Since compliance in these areas is complex, fragmented, and constantly changing, you need a seasoned partner by your side who has a deep understanding of ongoing global developments.