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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.
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.
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.
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 publication of Directive 2014/55/EU marked a turning point for e-invoicing. Since then, e-invoicing has spread to every corner of the European continent. Prior to this legislation, Denmark, Sweden and Finland were the pioneering countries that took a step forward in implementing e-invoicing. Initially, it started with B2G transactions, and in the near future, mandatory use is expected to be extended to all B2B transactions.
