Beyond closing the tax gap as part of OECD's Tax Administration 3.0, many countries are mandating eReporting and moving to eInvoicing to enhance international trade and fight against international tax fraud. Australia too is on the TA3.0 journey.
Closer to home: In response to recommendations in the recent Statutory Review of the Payment Times Reporting Act 2020, the Government agreed to mandate the use of Peppol eInvoicing as the default channel for invoicing in procurement starting with Business-to-Government as a first step; and businesses are now already required to report on usage of eInvoices.
Today more than 1.5m Aussie organisations have access to Peppol eInvoicing within their existing software, and over 420,000 organisations are registered to receive eInvoices – the electronic data interchange offering big savings in payment processing and GST management. It also offers substantial cyber security benefits, faster payments and easier reporting.
Why not get ahead of the curve for your organisation and understand what it entails and what it potentially delivers in benefits?
Facilitator:
Karen Lay-Brew; Strategic Advisor to the ATO on eInvoicing – part of Australia's Digitalisation Plan
Host:
Shirley Ng, National Manager – International Competitiveness, Australian Industry Group
See what webinars we have planned in our Events Calendar.
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