SERES Blog English

E-invoicing offers many benefits to businesses, as evidenced by the mandatory adoption of e-invoicing in public services, which has led several European governments to develop plans for its adoption in the private sector.

In 2017, the implementation of e-invoicing in the public sector began in France and was completed in just three years. Since 1 January 2020, all French companies have been required to send electronic invoices to public administrations.

SERES has published a report on the status of e-invoicing in the Americas region for the year 2023. The study highlights the increasing number of countries, including Bolivia, Paraguay and the Dominican Republic, that are adding new taxpayer groups to their e-invoicing regimes.

E-invoicing is one of the most important tools to prevent fraud and tax evasion in Latin America. Invoicing regimes are mandatory in many countries, and in others, implementation is being phased in.

In recent years, the use of e-invoicing in Asia has experienced significant growth. This has led to the region being on track to achieve one of the highest annual growth rates for e-invoicing.

The use of electronic invoicing has significantly increased in Europe in recent years. Several countries have implemented invoicing systems to optimize their processes and reduce the VAT gap.

PEPPOL was launched in 2008 as an EU initiative to facilitate the development of e-procurement in Europe. Its primary goal is to provide a secure and reliable exchange of different types of data sets between end-users via PEPPOL service providers.

Continuing issues with VAT fraud are prompting tax authorities to adopt machine learning and generative artificial intelligence to tackle the problem. Tax authorities in numerous countries, including those in the European Union, are increasingly adopting artificial intelligence tools to combat VAT fraud.

E-invoicing implementation through the PEPPOL network plays a pivotal role in the digital transformation process of countries. Its extensive acceptance, continual enhancements and inherent advantages enable a remarkable enhancement of business operations in Australia and New Zealand.

The Electronic Invoicing Service Providers Association (EESPA) has welcomed the harmonisation of e-invoicing and digital reporting requirements (DRR) proposed as part of the ViDA (VAT in the Digital Age) project. The EESPA seeks to encourage the use of the DCTCE model for B2B transaction data and exchanging invoices.

SERES has released an extensive analysis on B2B electronic invoicing in the European landscape for 2023. The report showcases that various countries are set to integrate e-invoicing into inter-business transactions within the next three years. These include Romania, Poland, France, Greece, Latvia, Slovenia, Slovakia, Croatia, Spain, Germany, and Belgium.