Government mandated e-invoicing and continuous transaction controls are driving the need to automate and digitise finance processes. The new rules vary from country to country and no two are the same, causing big headaches for businesses.
As it stands, over 70 jurisdictions have implemented or are planning to implement e-invoicing mandates. Pagero has published a forecast of what to expect for 2022 and beyond:
Belgium: B2G e-invoicing mandate
Luxembourg: B2G e-invoicing mandate
China: Start of gradual introduction of countrywide e-invoicing mandate
Panama: Start of gradual introduction of countrywide e-invoicing mandate
Paraguay: Start of gradual introduction of countrywide e-invoicing mandate
Peru: Final implementation of countrywide e-invoicing mandate
Italy: Mandatory reporting of cross-border invoices
Vietnam: Countrywide e-invoicing mandate
Poland: Countrywide e-invoicing mandate
Saudi Arabia: Countrywide e-invoicing mandate, phase 2
Serbia: Countrywide e-invoicing mandate
Japan: Introduction of Qualified Invoice
France: Countrywide e-invoicing and e-reporting mandate, phase 1
"We are excited to see such movement and drive for digitalization across all continents. We have invested in becoming the global leader in e-invoicing and CTC compliance for many years and are now in a great position to meet a growing demand for digitalization", says Bengt Nilsson, CEO of Pagero.
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