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.
The incorporation of e-invoicing is a crucial part of the digital transformation of nations. Its widespread adoption has become a global phenomenon, particularly in the Oceania region in recent years.
Today, Africa is deeply engaged in an unprecedented process of digital transformation at the national, regional and continental levels. This transformation is being driven by the vision outlined in Agenda 2063: The Africa We Want. This ambitious master plan serves as a guiding roadmap that will enable the African continent to establish itself as a global force in the future.
The implementation of mandatory electronic invoicing continues to advance in Latin America. Below, we highlight the developments that have occurred in recent months:
Adoption of e-invoicing continues to progress in Latin America, and a notable example of this progress can be seen in recent developments in Colombia and Peru during the month of September.
E-invoicing adoption in Asia has grown quickly in recent years, positioning the region at one of the highest annual growth rates for e-invoicing.
The recent Economic and Financial Affairs Council, commonly known as ECOFIN, convened in Luxembourg in July. During this meeting, EU member states demonstrated broad agreement on the majority of proposals presented under the ViDA project.
Mandatory electronic invoicing has become increasingly prevalent in Europe in recent years, with a number of countries embracing this method to modernise and simplify their invoicing processes. The transition to e-invoicing has been gradual but steady, with a range of European nations passing legislation and regulations to encourage the uptake of mandatory e-invoicing.
Since the publication of Directive 2014/55/EU, e-invoicing has spread to all countries on the European continent.
The Romanian Ministry of Finance announces new plans to extend mandatory B2B e-invoicing, which will start in July 2024, to B2C transactions.
It is expected that in July 2024, at the same time as mandatory B2B e-invoicing starts in Romania, the voluntary period for B2C transactions will start, which is expected to become mandatory in January 2025.
As part of the digital reporting requirements and the ViDA project, Romania will have to harmonise its centralised settlement model with the reforms proposed by the EU by 2035.
