Executive summaryThe German Federal Ministry of Finance (BMF) has issued a draft administrative guideline that marks a significant move toward mandatory electronic invoicing (e-invoicing) for business-to-business (B2B) transactions, effective from 1 January 2025. This initiative is part of Germany's transformation to B2B e-invoicing aiming to enhance tax compliance, reduce fraud and streamline financial operations. The draft, which is open for feedback until 11 July 2024, outlines the framework and requirements for the adoption of e-invoicing, including the acceptance of hybrid formats and adherence to international standards.Key developmentsThe BMF anticipates finalizing the e-invoicing guidelines by the fourth quarter of 2024, after...