#Digital invoicing pdf
#Digital invoicing full

It also means that tax authorities have all invoice information before it is sent to the client. This means that governments issue the invoice on behalf of the supplier. In some other cases, the tax authority is issuing the final invoice, after having received all the transaction data and carried out the correspondent checks, which can be done on the structure, format, customer information, etc. Sometimes, once the different checks performed by the tax authority are done, they may add a unique invoice number or digital signature to prove the validity of the invoice. In the clearance model, the seller must receive approval from the tax authority to issue each invoice. The post-audit model is in place in countries like Portugal or Hungary. It could also be the case that the e-invoice is sent and received via the service providers, but in any case, the tax authorities only can view a limited quantity of information, upon request, and after the invoices have been issued. In the post-audit model, invoices are exchanged directly between seller and buyer, and reviewed by the tax authorities after being issued.

In summary, depending on the government regulations requiring e‐invoicing, this obligation can be implemented via two major models: the post‐audit model and the clearance model. Creates a more precise and more complex picture of economic activity to enable the organization and improvement of economic policy for businesses.

Reduced risk of human error and strategic management.

Speed up the fraud detection process, thus making the VAT reporting process more transparent.

Simplifying, in the long term, VAT reporting obligations for businesses by pre-filling returns.

The electronic format allows simpler and faster management and archiving of invoices.

Reducing costs to businesses related to paper invoices.

Increasing competitiveness between businesses by accelerating digital transitions.

When electronic invoicing is introduced, invoices are automatically generated and transmitted by the supplier and automatically processed by the customer. Benefits and advantages of electronic invoicing Governments across the European Union and the world are introducing the mandate of e-invoicing on both B2G and B2B transactions with the aim of reducing the VAT gap and combating fraud.

#Digital invoicing pdf

For example, a PDF or a scanned document are not e-invoices as they do not have a structured, standard format. Not all invoices in electronic format are e-invoices.

Our electronic invoicing services can be reached by accessing the dedicated area.An e-invoice is an electronically delivered invoice in a specified standardized electronic format, allowing automatic and electronic processing.

statistics, treasury management, credit monitoring, creation of pre-compiled draft registers, etc.), through specific functions that will allow you to have a constantly updated view of your business. the access to a new “Business Manager” service, allowing you to monitor the performance of your business in terms of turnover targets, to verify the penetration of the business into a precise geographic area and access further information (e.g.the implementation of a clear, efficient, multi-language and always updated platform.

#Digital invoicing full

the partial or full outsourcing of electronic invoicing processes, according to your needs.

the review of the generation process of electronic invoices and XML documents relevant to cross-border operations.

the review of business processes to design a model embedding modern, efficient, automated and integrated systems - thus fully benefitting from the advantages of digitalization.

Grant Thornton can help you navigate through the different phases necessary to implement Electronic Invoicing, identifying the best solutions for each specific case and depending on the limits that necessarily arise on the basis of the ERP systems currently in use. Starting from 1st January 2022, in addition to the existing obligations for domestic operations, also data of cross-border operations will have to be transmitted to the Tax Authority’s Interchange System (so-called SDI – “Sistema di Interscambio”) in XML format.ĭigitalization implies a further simplification of tax fulfilments and an opportunity for businesses to further increase the efficiency of internal processes, with subsequent operating and management benefits that go beyond the mere compliance with regulatory obligations. Go to the E-invoicing portal Electronic Invoicing and DigitalizationĮlectronic Invoicing is the electronic generation, transmission and storage of invoices issued in the XML (eXtensible Markup Language) format.