Mandatory Electronic Invoicing in Australia
Learn how to get your company ready to exchange documents in accordance with regulations in Australia with the support of Comarch
In Australia B2B and B2G e-invoicing is still voluntary in terms of sending such documents. One of the obligation cencerning transaction with public entities is that they must be able handle the receipt of e-invoices when the supplier chooses to send them this way.
Regarding B2B transactions, The Australian Government intends to make e-invoicing mandatory in several phases based on company size. Three phases were proposed:
Companies which are requested by their clients to send e-invoices
Storage period: 7 years from invoice date.
Australia has adopted the Peppol e-Invoicing Network in July 2022 as the common standard for e-Invoicing.
Integrity and authenticity requirements are meet by an Advanced Electronic Signature
We have 20+ years of experience in carrying out various EDI, e-invoicing, and other document exchange projects around the world. In those years, we have successfully connected more than 130,000 entities from over 60 countries.
Full compliance with the latest data exchange regulations and modern data transfer standards
Applying new technologies and IT solutions in order to streamline workflows and automate activities and procedures
Tailor-made solutions based on processes specific to each company – own road map and a suitable pace of changes
Highest level of security for all sensitive and important company data
As part of the Digital Business Plan, the Australian government last year introduced mandatory e-invoicing for all Commonwealth agencies as of July 1st, 2022, hoping that they will be able to receive at least 80% of invoices by July 2021.
If your company is based or has branches in the Australia and you need to prepare your billing and tax systems to comply with the new requirements. Click on the button below to get in touch with one of our experts.