We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
With six months to go, there are still many questions on the practicalities of the mandate. To prepare the taxpayers' readiness and increase public awareness, the German Ministry of Finance (BMF) published a regulatory draft letter on 13 June 2024. In the letter, the BMF goes through the regulatory changes introduced by the Growth Opportunities Act (Wachstumschancengesetz) and offers more practical guidance on what this means for businesses in Germany. The draft letter contains guidance on the following topics: Regulations introduced by the Growth Opportunities Act Invoice formats (electronic/hybrid/other) Issuance/reception of e-invoices Storage of e-invoices Input VAT deductions...