New Zealand Government strengthens business-to-government e-invoicing requirements
- Introduction of E-Invoicing Requirement: Effective from January 1, 2027, New Zealand Government agencies will require large suppliers—those with total revenue exceeding NZ$33 million in the past two accounting periods—to send e-invoices as part of the updated Government Procurement Rules.
- Supplier Preparation and Compliance: While sending e-invoices is not legally mandated, suppliers who cannot comply may face difficulties in securing contracts with Government agencies. Businesses are encouraged to prepare for e-invoicing readiness well before the deadline, as agencies will assess supplier capabilities in advance.
- Implementation Timeline and Payment Terms: Government agencies will identify large suppliers prior to the January 2027 deadline and will start requiring e-invoices in procurement processes. Additionally, from January 1, 2026, agencies must pay 95% of all domestic trade e-invoices within five business days and standard invoices within ten business days, further emphasizing the shift towards digital invoicing.
Source EY
- Publication of Government Procurement Rules: The Ministry of Business, Innovation and Employment (MBIE) has announced the approval and publication of the fifth edition of the Government Procurement Rules, which will take effect on December 1, 2025.
- E-Invoicing Requirements: Agencies that send or receive over 2,000 domestic trade invoices annually must have e-invoicing capabilities by January 1, 2026, and large suppliers with revenues exceeding 33 million NZD must submit e-invoices starting January 1, 2027.
- Faster Payment Targets: The new rules aim to enhance payment efficiency, increasing the target for agencies to pay 95% of domestic trade e-invoices within 5 business days by 2026, while also ensuring that suppliers provide favorable payment terms to their subcontractors.
Source Pagero
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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