Mandatory Electronic Invoicing in New Zealand
Learn how to get your company ready to exchange documents in accordance with regulations in New Zealand with the support of Comarch
Learn how to get your company ready to exchange documents in accordance with regulations in New Zealand with the support of Comarch
The electronic invoice exchange model is based on the assumption that the supplier's ERP system generates an e-invoice and forwards it to the selected Access Point (AP), which checks the file (especially whether the company's NZ number is correct) and transfers the file via the Peppol network to the selected AP by the invoice recipient.
There is no e-invoicing requirement in New Zealand, which means that neither B2B nor B2G transactions need to be documented with e-invoices. However, from March 31, 2022, central public entities must be able to receive e-invoicing if their supplier chooses to using them.
New Zealand has adopted the Peppol eInvoicing Network as the common standard for eInvoicing. Accepted format of invoice is Peppol BIS 3.0.
Required storage period is 7 years from end of accounting period.
The Electronic Transactions Act contains a presumption of credibility of advanced electronic signatures, however any method is accepted to ensure integrity and authenticity.
