Global Compliance

e-Invoicing and e-Transport

 

One Platform Multiple Countries

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What is
legal compliance?

Over the past few years e-invoicing has grown in importance like never before thanks to the digitization and modernization of economic transactions, acceleration of processes, increased data quality and faster tax settlements and the need to reduce the VAT gap. In many countries, however, it is related to being legally compliant in various forms and schemes, but it is always based on the same principle: the relevant government approves or controls data on business transactions. 

What is global legal compliance

Being legally compliant in practice means that the supplier or buyer comply with official regulations in a specific country when sending and receiving e-invoices in following areas:

  • Authenticity of origin - ensuring that the sender and recipient of a document are authentic, that the document was in fact sent by the stated sender and received by the intended recipient
  • Integrity of content - ensuring that the contents of documents are never altered once they have been issued
  • Readability - electronic invoices must be human readable from issuance through the entire retention period
  • Storage - ensuring storage in a secure manner, with a guarantee of integrity and an audit trail. Must be later accessible for any reason (e.g. tax audits)

Country-specific invoice exchange models

Post-Audit
  • A form of post-transaction VAT control
  • Freedom to choose the e-invoicing method
  • No mandatory form of the invoice – ability to choose e.g. pdf invoices, electronic invoices, paper invoices  
  • Required authenticity, integrity and legibility of invoices once they have been issued, received and accounted for
  • Valid in Europe, Canada and in some parts of Asia
Clearance Model
  • Mandatory e-invoicing
  • Technical integration requirements and highly specific local invoice formats (such as XML/UBL, PEPPOL formats, etc.) 
  • Required each invoice to be reported and authorized electronically by them before or during the exchange process
  • Routing of invoice documents to government servers that assign invoice IDs 
  • Valid in e.g. Italy, Turkey, Latin America
Real-time reporting
  • Hybrid model of post-audit and clearance model
  • Not necessarily have to involve mandatory e-invoicing
  • Suppliers may send their invoice to the buyer in their preferred format
  • All invoices to be reported to the tax authority in real-time in a specified structured format
  • Valid in e.g. Hungary

E-Invoicing Journey – selected legal compliance changes

Check where the mandate is going to be introduced in the nearest future.

 Global Compliance Timeline

One Solution to Manage e-Invoice Exchange with Multiple Partners in Multiple Countries

For years, we’ve been providing support to companies operating both in countries where e-invoicing has already become obligatory (such as France, Spain, Germany, Turkey, and Italy) and places where such an obligation is to be introduced.

It means that, with Comarch e-Invoicing platform, you can exchange documents with multiple partners from all over the world using just one tool – without worrying about new and upcoming policies, no matter how many different ERPs you operate on.

Learn more about Comarch e-Invoicing

Industry associations

Best practices based on collaboration with industry organizations and government agencies on a global scale

Peppol EESPA - the association of European e-invoicing Chorus Pro E-Fatura Facturae - factura electrónica

FNFE - Le Forum National de la Facture Electronique GS1 SDI - Sistema di Interscambio VeR - Verband elektronische Rechnung BPC - Business Payments Coalition

What are the 3 steps to being legal compliant?

  1. Check if the obligation is introduced in the country where you do business - each country has its own regulations, invoice formats and platforms.
  2. Check if your company needs to exchange structured invoices with trading partners for them to be accepted.
  3. Check if you need a dedicated e-invoicing platform that will streamline the document exchange process, especially when you have partners in many different countries.

How Comarch can help?

Global compliance solutions

So, what makes Comarch e-Invoicing platform the go-to solution?

  • Comarch e-Invoicing platform is a powerful, easy-to-use solution that allows you to streamline and automate all of your AP/AR invoicing processes - no matter the size or technical maturity of your business. 

  • Created to address the challenges of the ongoing digital transformation, our solution is fully compliant with the latest data exchange regulations and modern data transfer standards.

  • Thanks to its many groundbreaking functionalities such as Self-Billing, e-Archive, Electronic Signature, Data Validation, Format Conversion, and Multichannel Distribution, Comarch e-Invoicing platform allows you to manage data in a way that is both highly effective and in line with your needs.

 

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Who are our clients?

Learn more about latest legal changes

Global Compliance FAQ