Bottom line: a clear and very strong trend

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China and India
Even the two Asian giants, with their enormous economies in constant and enormous expansion, have begun to accelerate more and more on the topic of electronic invoicing.

China launched a pilot project related to electronic invoicing (e-fapiao) in late 2021. The project has been adopted by an increasing number of provinces throughout 2022.

For the time being, the use of electronic invoicing is mandatory only for new taxpayers in the B2C and B2B sectors and voluntary for all others. The project is however destined to consolidate until reaching full coverage, estimated in 2025.

In India , the Good and Services Tax Council (GSTC), the body responsible for tax administration in the country, approved in December 2019 the phased introduction of e-invoices for B2B reporting in the Good and Service Tax (GST) system.

There was an initial period of voluntary participation. From 2021, the hungary whatsapp resource introduction of mandatory compliance began, based on a gradual implementation linked to the average annual turnover of companies. From 2023, all companies with a turnover of more than 50 million rupees (approximately €550,000) are required to issue electronic invoices exclusively. All other companies with a lower turnover will follow.



Australia
Australia has approved a plan for the gradual introduction of B2B e - invoicing . It will be implemented in three phases, starting in 2023 and ending in 2025.

The Australian plan is also based on the use of the PEPPOL infrastructure; in this case it will be the only mode of exchange for electronic invoices. 



Here we are at the end of our overview of international electronic invoicing; an overview, necessarily not exhaustive and continuously updated.

Beyond the micro and macro differences, one fact emerges forcefully: all national regulations, around the world, are moving with great strides towards the widest and most widespread adoption possible of e-invoicing . And, from voluntary adhesion systems, we are moving towards the gradual introduction of obligations.

The reasons are very simple to identify:

– Drastic reduction of tax evasion and avoidance , with consequent recovery of resources by the state.

– Simplification and digitalization of all processes, both for administrations and for businesses.

– Cross-border interoperability , in an economic ecosystem that increasingly needs to overcome traditional national barriers.

– Increased security and transparency , with an increasingly marked reduction in the margins of error or fraudulent manipulation.

– Reduction of costs , on the company front, related to the transmission and storage of paper invoices.

– Possibility, always on the companies front, to integrate the electronic invoicing tool with other digital tools for managing sales, purchasing and customer relationship processes.

It is a matter of knowing how to grasp the scope of this change and, above all, the opportunities it brings with it . Opportunities that go far beyond obligations. And that concern administrations, businesses, individual citizens... in short, the community.