Global e-Invoicing news

• US e-Invoicing framework: In-market pilot program to begin early 2022
• Japan establishes general OpenPeppol Access Point  
• Saudi Arabia will mandate e-Invoicing for all taxpayers as of December 2020
• Serbia and Cyprus will introduce mandatory B2G e-Invoicing from January 1, 2022

After years of exploring the feasibility of building an e-Invoicing interoperability framework for the USA, The Business Payments Coalition, backed by the Federal Government, is preparing to launch an in-market pilot program in early 2022. This is a highly significant milestone for the US in the push for wide-scale e-Invoicing adoption.

Japan’s Digital Agency established its Access Point with PEPPOL Network on September 14, 2021. From here, the Digital Agency will become the central governmental PEPPOL authority in Japan. This is all part of Japan’s move to mandate tax compliant e-Invoicing before October 2023.

Albania has sped up its e-Invoicing regulation for B2B and B2C cash transactions since July. All taxpayers, including all businesses as well as the public sector, must now declare their invoices in real-time with the government.

Russia has also introduced its new e-Invoicing traceability system which went live in July this year. B2B e-Invoicing is now mandatory for taxpayers dealing with traceable goods such as industrial trucks, household and laundry facilities, etc.

We are expecting further development elsewhere in the coming months. Electronic tax reporting will be mandatory in Greece starting November 2021. Bolivia will resume its implementation process for e-Invoicing and will require large companies to issue e-Invoices from December 2021. Saudi Arabia will mandate e-Invoicing for all taxpayers as of December 2021.  From January 1, 2022 onwards, Serbia and Cyprus will implement mandatory B2G e-Invoicing.

As usual, we’ve gathered all of the latest news on all of these items, and more into our latest 2021 e-Invoicing outlook. Read the full news report here. 

The changing trends transforming Credit Management

On-site events are happening once again and Order2cash is keen to get back on the road and meet contacts in person. A couple of weeks ago, we were lucky enough to attend the 4th FECMA Pan-European Credit Congress in Krakow, founded in 1986. This Congress has developed to become an ideal international, cross-border event where credit professionals from across Europe can gather to share knowledge, understanding, and experience on the topic of Credit Management.

The Congress highlighted the need to improve Credit Management and become more proactive, as it has become clear how vital the role plays in protecting the performance of companies. In many cases, Credit managers are proving key to the survival of organizations during these Covid times. Don’t miss out on reading an interesting article from our account manager, Fabio Santoro: Catch up on what’s happening in the world of the Credit manager. , where he shares his insights and some key takeaways from the event. It’s a good read.