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Joint declaration Enhancing eInvoicing interoperability between the United States and the EU

Key points regarding eInvoicing and the collaboration between the United States and the European Union (EU):

  • eInvoicing Transformation:
    • eInvoicing is a powerful tool in modern business, offering efficiency gains, cost savings, and trade benefits.
    • It facilitates smoother processes in areas like trade, customs, payments, and fraud mitigation.
  • Principles for Success:
    • Both the United States and the EU embrace key principles:
      • Connect once, connect with everyone: Simplify connections across systems.
      • No roaming fees between Access Points (AP): Seamless communication.
      • Open exchanges: Users can choose their preferred AP.
  • Alignment and Interoperability:
    • Efforts continue to align eInvoicing processes and terms between the US and EU data models.
    • The goal is to enhance compatibility and streamline cross-border transactions.
  • Cooperation and Coordination:
    • Government experts from both sides collaborate to drive eInvoice interoperability.
    • EU experts include representatives from DG TRADE, DG GROW, DG CNECT, and DG TAXUD.
    • US experts involve the Office of the United States Trade Representative and federal agencies.
  • Future Prospects:
    • The focus remains on technical and business interoperability to foster efficient eInvoicing practices.

Source


  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

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