- The Netherlands has made significant progress in the digitalization of public procurement, introducing electronic orders through Peppol. This initiative simplifies and accelerates transactions for suppliers working with the public sector through electronic invoicing.
- The country is at the forefront of e-invoicing innovation, adopting the Peppol network for secure document exchange between businesses and public administrations.
- Since January 1, 2023, all public sector suppliers must be able to receive and process electronic orders via Peppol.
- The Netherlands has also launched a pilot project to convert electronic orders into invoices, saving time, reducing errors, and optimizing cash flow for suppliers.
- The Ministry of Finance has published an assessment on the European Commission’s ViDA proposals, highlighting their potential impact on VAT regulation in the digital age. The Dutch government supports electronic invoicing and a digital reporting system for intra-EU transactions, as long as it reduces administrative burdens and fights VAT fraud effectively.
- Data security is crucial throughout the transaction process.
- The government also supports optional reporting mechanisms for domestic transactions to align with unique social and economic objectives. The assessment document emphasizes the need for sufficient preparation time, clarification on B2B standards, and a well-prepared transition in the digital tax landscape.
Source eBusiness eXpert
