Next step towards standardised U.S. e-invoicing framework
One of the first steps to achieving ubiquitous B2B electronic payments in the United States is establishing a standard way to send electronic invoices between businesses. The e-invoice exchange framework, imagined and championed by the BPC, is a way to do just that. To make this concept a reality, the Fed and BPC, along with a number of industry stakeholders, are collaborating to establish this exchange in market.
An in-market pilot program is planned for early 2022, to test the exchange of e-invoices between businesses by establishing a secure, open e-invoice delivery framework between providers.
Source The Federal Reserve/Bruno Koch
Latest Posts in "United States"
- Texas – Ruling Says Mobile App Company’s Service Charges on Discounted Fuel Purchases Constitute Taxable Data Processing
- Missouri – Proposed Rule Changes Provide that Credit Cards Fees are Part of Taxable Sales Price
- Minnesota – Guidance on Taxability of Digital Products Addresses Virtual Currency, NFTs and Webinars
- U.S. EIN vs. VAT Number: Key Differences Explained
- 2025 Bill Expands Retail Sales Tax to Include Advertising, Live Presentations, and IT Services
