- Key Requirements Effective January 1, 2026: Government agencies in New Zealand must implement e-invoicing systems if they issue or receive over 2,000 domestic trade invoices annually. This includes capabilities for both sending and receiving e-invoices.
- Payment Deadlines: Agencies are required to pay 95% of e-invoices for domestic trade within 5 business days and report payment data to the Ministry of Business, Innovation & Employment (MBIE). All other invoices must be paid within 10 business days, effective from January 1, 2025.
- Implications for Businesses: Businesses working with government agencies need to prepare for e-invoicing as the standard process. The new rules ensure financial benefits by promoting faster payment cycles for e-invoices.
- Future Developments: The government plans to consult businesses about potentially requiring specific suppliers to submit e-invoices. The results of this consultation will be presented to the Cabinet in February 2025.
- Further Information: For more details on e-invoicing regulations in New Zealand, additional resources and information on the new and upcoming regulations are available.
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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
