- Standard EN16931 was adopted by CEN in 2017 and is used for B2G e-invoicing in the EU
- The European Commission estimates €240 billion in savings over six years with electronic invoicing
- Directive 2014/55/EU aims to facilitate electronic invoicing in public procurement
- EN16931 establishes a semantic data model for legal compliance and interoperability
- An invoice compliant with EN16931 must follow rules defined by the basic invoice model and a CIUS
- The basic invoice template includes essential elements for electronic invoice exchange
- The standard must meet requirements for technological neutrality according to the European Committee for Standardization
Source: vatcalc.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.
