Peppol 5-corner model pilot to help tax authorities tackle VAT fraud

The Peppol network is increasingly being used as the infrastructure to exchange e-invoices by companies all over the world. One of the most recent developments is that Belgium might choose Peppol to implement mandatory e-invoicing. Therefore, in addition to the real-time reporting (or CTC) plans of the OpenPeppol organisation, summitto developed a pilot where real-time reporting is integrated in the Peppol network. In the following we will explain how invoice information is transmitted to the tax authority via this pilot. Furthermore, we show that this can be complementary to the proposed Peppol CTC model, as it offers different features and can help tax authorities achieve the same goal (tackling VAT fraud) in a different manner.

Source Summitto

See also

See also What is Peppol?

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