- EU Directive EN 16931 standardizes electronic invoicing across member states
- Compliance with the directive leads to reduced costs, increased efficiency, and greater transparency
- EN 16931 establishes a unified semantic data model for electronic invoices
- The directive aims to enhance the Digital Single Market and promote a more competitive EU economy
- Benefits of compliance include simplified processes, cost reduction, and enhanced security
- Businesses must adhere to structured compliance levels for invoice documents, implementation, and specifications.
Source: eclear.com
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.
