Iceland’s Role as Peppol Authority: Advancing E-Invoicing in Public and Private Sectors

• Since 2020, Iceland acts as a Peppol authority through the Icelandic Financial Management Authority on behalf of the Ministry of Finance and Economic Affairs
• Iceland is part of the European network using Peppol for electronic document exchange, especially in public procurement and invoicing
• The FJS oversees technical implementation, authorizes Access Points, and ensures compliance with Peppol standards
• The Peppol eDelivery Network is the official e-invoicing platform in Iceland, enabling secure and standardized document exchange
• All economic operators must use electronic invoicing for public entities, eliminating physical documents in public payment management
• Only electronic invoices complying with the European standard EN 16931 CIUS are accepted
• In the private sector, electronic invoicing is not mandatory but allowed with mutual consent
• Electronic invoices must meet legal requirements for content integrity and origin authenticity
• Accepted methods include advanced electronic signatures, secure EDI, and documented internal controls
• Electronic invoices must be in UBL 2.1 or PEPPOL BIS Billing 3.0 CIUS formats
• Invoices must be archived for at least seven years, with conditions for archiving abroad

Source: edicomgroup.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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