- The Australian government will make e-invoicing the default method for invoice exchanges with Commonwealth agencies, aiming for 30% of supplier invoices via the Peppol network by mid-2026 and full automation by December 2026. E-invoices now meet tax invoice requirements, offering businesses certainty. Full adoption could yield A$22.5 billion in annual benefits, with faster payments and reduced fraud. Resources and training are available to support this transition, with significant economic gains anticipated from improved efficiency and reduced processing times.
Source: avalara.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.
Latest Posts in "Australia"
- Australia Establishes E-Invoicing as Default in Federal Procurement
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
- ATO Proposes New GST Rules for Copyright and Multimedia Transactions in Australia
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies
- Australia Announces Timeline for Government E-Invoicing Adoption
