France is delaying implementation of new rules that would require large companies to issue electronic value-added tax invoices, the government announced Friday.
A government decree in September 2021 set out a requirement for companies to have electronic invoicing and reporting for all transaction types, starting July 1, 2024, for large companies.
E-invoicing is already required for public procurement transactions throughout the European Union. The decree would generalize the requirement to all transactions in France, including business-to-business and business-to-customer transactions.
Based on consultations with business groups and software publishers this year, the government has decided to delay implementation of the rules, according to a statement.
The government said more than 4 million companies will be affected by the new requirements.
The delay is to “allow for the time needed for this structural economic reform to succeed,” it said.
The new date for implementation of the reform will be set in the draft 2024 budget law to be presented this fall, the government said.
