- New Zealand has adopted the Peppol PINT standard for e-invoicing in collaboration with Australia.
- By 2026, more government agencies will be required to send and receive structured Peppol e-invoices.
- A revision to Rule 51 of the Government Procurement Rules was announced on November 5, 2024, to enhance e-invoicing implementation.
- By January 1, 2026, agencies like ACC, Waka Kotahi, Health NZ, and NZ Police must process 95% of domestic trade e-invoices within five business days.
- Starting January 1, 2025, around 135 government agencies must settle 90% of domestic trade invoices within ten business days, increasing to 95% by January 1, 2026.
- The changes apply to a wider range of public entities, promoting a uniform and transparent invoicing system.
- The government will consult with businesses about requiring certain suppliers to submit e-invoices in the procurement process, with feedback expected by February 2025.
- The Ministry of Business, Innovation and Employment (MBIE) has created a directory of eligible public agencies to help businesses adapt.
- This overhaul aims to advance digital transformation in government operations, improve efficiency, and provide economic benefits to businesses, especially SMEs.
Source: fiscal-requirements.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.
