EN16931 – Standard for E-Invoicing in Europe

• Standard EN16931 was adopted by CEN in 2017 and is used for B2G e-invoicing in the EU
• The European Commission estimates €240 billion in savings over six years with electronic invoicing
• Directive 2014/55/EU aims to facilitate electronic invoicing in public procurement
• EN16931 establishes a semantic data model for legal compliance and interoperability
• An invoice compliant with EN16931 must follow rules defined by the basic invoice model and a CIUS
• The basic invoice template includes essential elements for electronic invoice exchange
• The standard must meet requirements for technological neutrality according to the European Committee for Standardization

Source:

• vatcalc.com
• Symtrax

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

• Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE

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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.

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