An E-invoicing Refresher Course

E-invoicing is not the same as digital invoicing, and many tax professionals are not clear on the differences.
E-invoicing enables a more automated exchange of invoice data between supplier and buyer, without manual intervention.
The primary regulatory objective of e-invoicing requirements is for tax jurisdictions to gain immediate access to tax-relevant data on the invoices, increasing efficiency, ensuring compliance accuracy, and reducing tax fraud.
Companies and their tax groups should familiarize themselves with e-invoicing rules and requirements, as compliance represents a strategic business priority.

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