-
Government mandate: By mid-2026, 30% of supplier invoices must use Peppol; by December 2026, all agencies must enable automated e-invoicing, driving consistency and digital transformation across the public sector.
-
ATO clarification: The ATO confirmed Peppol e-invoices qualify as valid tax invoices if they meet specification requirements, offering certainty to businesses and simplifying compliance for both public and private sector suppliers.
-
Economic benefits: Research shows full e-invoicing adoption could deliver A$22.5 billion yearly, cutting fraud, saving firms around A$970,000 annually, improving efficiency, and reducing invoice processing times and payment cycles significantly.
-
Support resources: The government published guidance, supplier lists, and a dedicated page, while the ATO launched small business e-invoicing training to boost awareness, ensure readiness, and promote broader adoption nationally.
Source: www.avalara.com
Latest Posts in "Australia"
- Australia Publishes Updated Consolidated Text of New Tax System (GST) Act 1999, Effective Jan. 1
- OECD Urges Australia to Broaden and Raise GST for Fiscal Sustainability and Economic Growth
- OECD Urges Australia to Raise GST and Boost Affordable Housing to Address Budget Deficit
- GST Fraud, False Invoicing, and Gold Dealer Scams Top ATO’s Crime-Fighting Priorities
- Understanding GST Exemptions, GST-Free, and Input Taxed Status for Australian Businesses
