Australia and New Zealand announced that they were both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing.
eInvoicing could save the Australian economy $28 billion over 10 years.
The PEPPOL standard, which is governed by the international standards body, OpenPEPPO, allows businesses to easily exchange invoices electronically, eliminating the need for unnecessary data entry and inaccurate optical character recognition (OCR) scanning.
Source: pymnts.com
Latest Posts in "Australia"
- Customs valuation obligations in related party transactions
- ATO Releases 2026 Supplementary Annual GST Return for Top 100 and 1,000 Taxpayers
- ATO Releases 2026 Supplementary Annual GST return
- IMF Urges Australia to Overhaul Tax System Amid Fiscal Pressures and Economic Risks
- Treasurer Rules Out GST Hike Despite IMF Push, Focuses on Other Tax Reforms
