The Digital Strategy for Cyprus, approved in 2012, recommends adopting eInvoicing to promote the use of ICT for a smart, sustainable, and inclusive economy. Directive 2014/55/EU has been transposed into law for electronic invoicing in public procurement. The Ministry of Finance is responsible for implementation. Discussions are ongoing for mandatory usage of eInvoicing for suppliers to public authorities, with consideration for SMEs. Cyprus is likely to pursue B2B eInvoicing. The local regulatory framework is harmonized with EU Directive 2014/55/EU, and public services are connected to Peppol Access Points. Cyprus is expected to develop a centralized eInvoicing platform, operated in a hybrid model with involvement of AC Goldman Solutions & Services Ltd as the service provider for the public sector.
Source ec.europa.eu
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
