Electronic invoicing mandates are being implemented across Europe. This is why we dedicate another overview to this topic, looking at the most crucial aspects of e-invoicing and its potential benefits to your business.
E-invoices differ from traditional digital invoices in PDF or other formats because they are readily standardized so that their data can be used for electronic processing right away. Mandates that make issuing electronic invoicing mandatory for all businesses in the EU will make it easier for the taxation authorities to track VAT duties and combat fraud. The first countries to bring e-invoice requirements to life choose to mandate the B2G (business-to-government) transactions first, but other businesses will follow.
Source 1stopvat
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