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"
- Australia GST Guide for Cross-Border Amazon FBA Sellers
- Australia Sets E-Invoicing Timeline for Commonwealth Agencies by December 2026
- Australia Introduces Bills to Pause Draught Beer Tax Indexation for Two Years
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement