- European Commission published new report on impact of Directive 2014/55/EU on eInvoicing in public procurement
- System has simplified cross-border invoicing procedures, promoted efficiency, and reduced costs
- All EU Member States now accept electronic invoices conforming to new standard
- Impact of directive extends beyond public sector to B2B transactions
- Objectives of directive not fully achieved due to differences in national implementation and multiple electronic invoicing platforms
- EU approach being adopted in other parts of the world like Australia, Japan, and New Zealand
Source: etaf.tax
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.
