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Preparing for France’s Mandatory Continuous Transaction Controls in 2024
France is now moving towards continuous transaction controls (CTCs), introducing mandatory e-invoicing coupled with e-reporting.
The trend towards CTCs is global, and France is one of many countries to join this journey. As with previous CTC reforms in other countries, fiscal and economic gains are expected for both the government and businesses, such as:
- Fighting fraud and bridging the VAT gap (€10 – 15 billion per year in France)
- Reducing invoice processing costs for companies
- Monitoring the economic activity in the country
- Increase efficiency
- Automating part of the VAT reporting process
- Along with this, France is implementing an e-invoicing and e-reporting mandate. This is alongside the B2G e-invoicing obligation that is already mandatory.
The new French framework foresees a public platform as the recipient of data from e-invoices and e-reports. On top of this, a central directory will keep track of the invoice lifecycle, including payment status.
In this e-book, we will cover in depth how business can achieve compliance:
- An overview of the French mandate
- The latest update to the timeline
- Partner Dematerialization Platform (PDP) registration requirements
- What’s on the horizon for the French Mandate
- Challenges for your organisation – what buyers and suppliers need to consider to prepare their business processes
- How Sovos can help businesses prepare for France’s e-invoicing mandate
Momsrapportering og e-fakturering i Frankrig
Skattemyndighederne verden over har et øget fokus på digitalisering, herunder e-fakturering og momsrapportering, indfører Continuous Transaction Controls (CTC) og stiller…