The General Directorate of Public Finances (DGFiP) has shared new details on the upcoming French Continuous Transaction Controls (CTC) mandate from the Communauté des Relais meeting on 16 February 2024.
The implementation of the French CTC mandate is scheduled for September 2026. From this date, all businesses must be able to receive electronic invoices. Concurrently, large and medium-sized enterprises will be required to issue electronic invoices and report their transaction and payment data.
Details disclosed by DGFiP in the recent meeting include:
- Second Quarter of 2024: A new Decree will be issued, and an updated version of the External Specifications will be released. These updates are essential for being on top of compliance requirements.
- Third Quarter of 2024: First registration for Partner Dematerialization Platforms (PDP) will take place.
- End of 2024: The Central Directory within the Public Invoicing Portal (PPF) will be available for testing.
- Beginning of 2025: Registrations of PDPs will be confirmed following thorough technical assessments.
Information regarding participation and procedures for the Pilot Phase will be communicated during the next meeting of the Communauté des Relais in the second quarter of 2024.
