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.
The use of e-invoicing in Asia is growing quickly. This is because many countries are adopting new rules to make e-invoicing more efficient and transparent.
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.
In Europe,electronic invoicing is present in all countries and much of the success of its use is due to the regulatory impulse by the different governments to accelerate its implementation through compulsion. Such is the success of the B2G e-invoicing that the use of it is being extended to the B2B field. In this post, we will see which European countries are already adopting this new modality of invoicing between companies.
The digitalization of companies is a reality, which is why more than 80% of countries already use electronic invoicing in their companies due to the benefits that this entails. One of the latest countries to join the use of B2B e-invoicing is Saudi Arabia.
