- E-invoicing is changing tax compliance and business efficiency worldwide
- E-invoicing allows for structured and machine-readable data exchange between trading partners
- Governments worldwide are mandating e-invoicing to improve tax law enforcement and VAT collection
- Businesses can save up to 70% in material and printing costs by using e-invoicing
- E-invoicing leads to faster processing times, quicker payments, and reduced human errors
- The European Union is focusing on e-invoicing as part of its “VAT in the Digital Age” initiative, aiming for harmonisation by 2028
Source: fintechmagazine.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.
