- E-invoicing compliance for multinational companies is complicated by the lack of widely accepted international standards.
- Each country has its own version of e-invoicing with specific rules and requirements.
- Complying with each country’s regulations can be challenging due to complications such as last-minute rule changes and software incompatibilities.
- Continuous transaction controls (CTCs) often accompany e-invoicing mandates, requiring businesses to submit transaction data for approval by tax authorities.
- Automated software solutions are necessary for compliance and may require system overhauls.
- Standard pre-built integrations can minimize deployment and maintenance costs.
Source: tax.thomsonreuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
