Denmark Expands E-Invoicing to Private Sector for Enhanced Transparency and Efficiency

• Denmark has led in electronic invoicing since 2005, requiring public sector suppliers to use the NemHandel platform.
• The Danish Bookkeeping Act extends digital invoicing requirements to private companies, aiming for a unified system.
• E-invoicing enhances economic growth, reduces errors, and improves payment efficiency.
• The Danish government is modernizing financial processes with mandatory e-invoicing for more business segments.
• Key reasons for e-invoicing include reducing tax fraud, cutting manual processes, promoting secure exchanges, and supporting EU trade.
• Since 2005, public sector suppliers must send invoices digitally.
• From 2024, medium and large companies with standard software must use certified bookkeeping solutions.
• From 2025, companies with custom software must comply.
• From 2026, financial companies and businesses with revenue above 300,000 DKK must follow mandatory rules.
• Supported formats include OIOUBL and PEPPOL BIS, with a five-year archiving requirement.
• Electronic signatures are not mandatory.
• B2B invoicing is not fully mandatory but is becoming essential.
• Key dates: January 2024 for certified systems list, July 2024 for standard systems compliance, January 2025 for custom systems compliance, January 2026 for financial institutions compliance.
• Businesses below the turnover threshold must still meet bookkeeping and archiving rules.
• The NemHandel platform facilitates secure e-invoice exchanges between public authorities and suppliers.

Source: melasoft.com

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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