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ARTICLE · 08 JULY 1998

147. Invoices In DM And Euro

GermanyAccounting and Audit
KPMG Germany Webpage
Click on the above link to visit the KPMG Germany webpage on the Mondaq website
For disclaimer and copyright see end of this article.

In a directive dated 24 March 1998 (DB 1998, 700), the Federal Ministry of Finance has stated that invoices showing amounts including VAT in both German marks and in Euro will be acceptable from 1 January 1999 onwards. Such invoices must clearly indicate that the purpose of showing amounts in both currencies is to enable the recipient to remit payment in the currency of his or her choice.

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