- Electronic invoicing (e-Invoicing) is a key tool in the digitalization of fiscal and operational processes, enabling real-time data reporting and increased transparency.
- The European Commission’s Single Market Strategy aims for a fully digitalized and simplified market by 2030, emphasizing standardization and reduced bureaucracy.
- E-Invoicing is evolving from a simple transmission channel to a core instrument for digital transformation and VAT reporting across the EU.
- Current adoption of the European e-Invoicing standard (EN 16931) is limited, prompting upcoming policy changes, including revising the e-Invoicing Directive into a Regulation and integrating invoicing modules into all accounting solutions.
- Future plans include using e-Invoicing data for sustainability reporting and customs transparency, aligning with the development of the European Customs Data Hub.
Source: blog.pwc.ro
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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