Eliminate the friction of different countries’ eInvoicing formats, languages, regulations and models
Italy was the first country to enact mandatory B2B eInvoicing on 1 January 2019, thus becoming a global model for international eInvoicing.
Other European governments are realizing that adopting regulatory and technological systems based on Italy’s model would give them the following benefits:
- reduced management costs
- simplified processes
- increased efficiency
- accelerated payment periods for the public administration
- reduced VAT fraud
While this is generally positive, the trend increases the complexities for B2B companies doing business with foreign countries that use different electronic invoicing standards and regulations.
Comply helps you simplify the process and stay up to date with the different regulations and standards from each country.
In Spain the wide use of EDI has conditioned the regulatory choices regarding B2B electronic invoicing, leading to the adoption of a mixed system.
The SII (Suministro Inmediato de Información) is the country’s designated system for sending VAT summaries to the AET (the Spanish Tax Agency).
The ‘Creación y Crecimiento de Empresas’ law provides for the gradual introduction of eInvoicing to companies and private individuals with staggered deadlines as follows:
- In 2023 eInvoicing will be obligatory for medium and large companies
- By 2025 small companies will also need to comply with obligatory eInvoicing
The French government opted for a Y-shaped scheme to avoid disrupting existing B2B electronic invoicing that occurs without intermediation.
The new eInvoicing and e-Reporting system in France will be implemented between 2024 and 2026 with different deadlines based on company size.
In this model, a dematerialization platform – Plateforme de Dématérialisation Partenaire, PDP – will be needed to validate e-invoices before data is reported electronically to the government.
Comply enables you to easily meet the regulatory requirements for all your invoice exchanges with France.
We can provide you with up-to-date information on the status of eInvoicing in France and help you implement B2B or B2G eInvoicing quickly and easily, without the need for new systems or hardware.
The compatible and interchangeable ZUGFeRD and Factur-X standards are used in Germany and France, respectively.
Both standards feature a hybrid format comprising two components: machine-readable embedded XML (eXtensible Markup Language), and human-readable PDFs that meet strict technical specifications (note that these are not simple scans of paper invoices). The components can be selected separately, depending on the platform being used.
Comply’s digital platform is registered for both standards, in addition to the Italian SdI, and therefore helps save you time in managing your accounting function.
Choose Comply to make the legal and tax regulatory compliance for each country simple and hassle-free.
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