About 20 years ago, mandatory e-invoicing was introduced in Latin America to improve the effciency and effectiveness of tax collection. It worked, and the trend has caught on. Countries in Europe and beyond began mandating e-invoicing initially in B2G public procurement. As governments realized they were able to bring in more revenue without raising taxes, more and more tax authorities started rolling out mandatory e-invoicing and real-time or live reporting to B2B transactions.
Going into 2024, we are looking at a game-changing year, with mandates coming into force across Poland, Spain, Belgium and beyond.
These B2B invoicing mandates change how businesses liaise with trading partners: direct...
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