- Transition to PINT Specification: Australia will transition from the Peppol BIS 3.0 standard to the PINT A-NZ e-invoicing specification, with mandatory compliance for B2G and B2B transactions starting September 15, 2024, and full compliance required by November 15, 2024.
- Key Deadlines: By November 15, 2024, all invoices and related documents must adhere to the PINT specification, and the Peppol BIS 3.0 standard will be fully retired by May 15, 2025. The PINT specification includes updates such as revised identifiers and simplified business rules.
- Promotion and Regional Alignment: The Australian Treasury is promoting the adoption of Peppol e-invoicing among businesses based on size, aiming for a phased implementation. The initiative aligns with practices in Malaysia and Singapore, fostering regional harmonization and supporting the government’s goals of streamlining procurement and reducing administrative burdens.
Source Comarch
Click on the logo to visit the website
Latest Posts in "Australia"
- Understanding GST Exemptions, GST-Free, and Input Taxed Status for Australian Businesses
- GST Pricing Rules in Australia: When, Where, and How to Display GST-Inclusive Prices
- ATO Clarifies GST Rules for Power Industry: BPPAs, Gifted Assets, and Agency Arrangements
- Final GST Rules Clarified for Sunscreen Products: Ensure Correct GST Application When Selling
- Australia Enacts Treasury Laws Amendment 2025: New GST Reverse Charge Deduction Rules Effective July 2024
