E-Invoicing – Choo-choo to compliance

E-invoicing, also known as electronic invoicing, is the exchange of digital documents between a supplier and a buyer. It is a new regulatory requirement imposed by governments that mandates electronic invoicing systems for businesses, replacing traditional paper-based invoices and PDFs. E-invoices are issued, transmitted, and received in a structured data format, enabling automatic and electronic processing. This allows for faster and more efficient invoicing as it eliminates the need for manual data entry. The implementation of e-invoicing varies slightly for different businesses, and Innovate Tax can help businesses prepare for these changes.

Source Innovate Tax

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