What you need to know?

The French government will implement a phased roll-out of its hybrid e-invoicing and e-reporting mandate, including requirements for transmission of invoice status information, starting in 2024. Key dates in this roll out are:

• 1 July 2024: Large Companies must issue electronic invoices, and e-reporting is mandatory for all B2C and export transactions. All companies must be ready to receive e-invoices from this date, regardless of their size.
• 1 January 2025: E-invoicing and e-reporting will become mandatory for medium-sized companies.
• 1 January 2026: This mandate will extend to all remaining small and medium-sized businesses.

What does this mean for businesses operating in France?

By 24 July 2024, large companies must select a platform for issuing and receiving their invoices and sharing e-reporting data. This can be either the Government Portal (PPF) or a (certified) 3rd party service provider

By 24 July 2024, all companies, regardless of their size, must choose their connecting platform to receive e-invoices. After this date, the French Tax Authority will impose financial penalties for any taxpayers who fail to comply with this mandate.

When do you need to begin taking action?

To avoid incurring financial penalties and disruption to business operations French taxpayers, regardless of their size, should begin taking action today. 

All French taxpayers must assess how this hybrid mandate will affect their invoicing process and prepare their ERP systems in order to receive the mandated invoice format. 

Staying compliant in France – how can Tungsten Network help you?

Compliance is core to Tungsten Network. To ensure we continue to provide a world-class e-invoicing service for all our suppliers and buyers in France Tungsten has built a very detailed understanding of the regulations related to e-invoicing and e-reporting

In the near future, Tungsten intends to qualify to become a Partner Dematerialisation Platform (PDP). This will enable us to interoperate with other PDPs or to connect directly to the government portal (PPF) on your behalf.

Why invoice via Tungsten Network instead of Government portals?

Tungsten Network enables our users to invoice compliantly and access rich data that is not available through government portals.

Tungsten Network provides this additional data, such as purchase order information, to help our users improve internal processes and drive AP efficiency. We also validate invoices prior to submission, to improve data quality and ensure compliance with both fiscal and business requirements.