- E-invoicing, also known as electronic invoicing, is the exchange of digital documents between suppliers and buyers.
- E-invoices are issued, transmitted, and received in a structured data format, enabling automatic and electronic processing.
- This leads to faster and more efficient invoicing as it eliminates the need for manual data entry.
- In 2024, several countries are planning to implement or expand e-invoicing systems, including Romania, Philippines, Zambia, Botswana, Dominican Republic, and Austria.
- These initiatives aim to improve VAT compliance and eradicate VAT fraud.
Source Innovate Tax
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- See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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