- Global adoption of electronic invoicing is increasing, with governments pushing for e-invoicing to digitize fiscal controls and close the VAT gap
- Different countries have their own e-invoicing mandates, making it complex for multinational organizations to comply
- Peppol is a framework established to simplify interoperability for e-invoicing and procurement documents across Asia and Europe
- Peppol began in 2008 to standardize public procurement in the EU and has since expanded to include APAC countries
- Peppol stands for Pan-European Public Procurement On-Line and is now being adopted outside of the EU
- Peppol enables the efficient electronic exchange of e-invoices, purchase orders, and other business documents through a network of Peppol-accredited Service Providers
- Peppol invoices are sent through a Peppol Access Point, connecting organizations for electronic trading
- Peppol authorities ensure that Access Points follow rules and regulations for electronic document exchange.
Source: sovos.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.
