- eInvoicing is becoming a legal obligation, not just a modernization strategy.
- Governments are pushing for compliance with eInvoicing mandates.
- The EU’s VAT in the Digital Age initiative is central to this change.
- eInvoicing involves digital exchange of invoice data in structured formats.
- Mandates require using approved digital platforms for invoicing.
- Two main models: Clearance/Continuous Transaction Control and Post-audit.
- Interoperability is a challenge; standards like Peppol help.
- Mandates aim to improve VAT collection and combat fraud.
- Businesses must adapt to meet new technical and legal requirements.
- EU countries are setting timelines for mandatory eInvoicing.
- Poland and France have specific timelines for eInvoicing compliance.
Source: fintua.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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