- Purpose of GIF: The Global Interoperability Forum (GIF) aims to facilitate the exchange of digital documents, such as e-invoices, between businesses and governments globally, promoting smoother cross-border digital transactions.
- Definition of Interoperability: Interoperability ensures that different systems or networks can work together seamlessly, allowing, for example, companies in different countries to exchange invoices without needing special adjustments.
- Promoting Global Standards: GIF advocates for universal standards like the Cross-Industry Invoice (CII) from UN/CEFACT and the PEPPOL framework to create a common approach to e-invoicing worldwide.
- Facilitating Cross-Border Trade: By ensuring that different digital systems can communicate effortlessly, GIF simplifies international trade processes, benefiting businesses of all sizes.
- Supporting Innovation: GIF provides a collaborative platform to develop new solutions for handling cross-border transactions, focusing heavily on standardizing e-invoicing to reduce paperwork and expedite payments across different regions.
Source Fintedu
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See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
