With the upcoming obligation of electronic invoicing (e-invoicing) to Commonwealth government agencies in Australia on the 1st of July 2022, we are proud to announce that Unifiedpost Group SA has successfully completed the accreditation process to provide Peppol Access Point services in Australia.
This milestone provides us with more opportunities to expand our global solutions even further afield and provide additional added value to our customers.
What is Peppol?
Peppol is an international network allowing businesses to securely exchange data and documents.
Peppol is based on an EU initiative for the exchange of electronic invoices between public authorities and businesses. When a business connects to the network they can reach every Peppol participant. Exchanging e-invoices between sender and receiver becomes easier and quicker.
Peppol certification is the basis for connecting to public administration platforms in several European countries. The certification has now expanded overseas to countries such as Singapore and Australia.
For more detailed Peppol information take a look at our What is Peppol? blog.
The role of e-invoicing
For many businesses it is vital to be able to exchange (both sending and receiving) invoices electronically. Many governments now require only the exchange of electronic invoices. E-invoices provide more accurate and traceable information than their paper counterparts, which decreases fraudulent VAT claims.
Networks such as Peppol allow for the ease of secure e-invoice exchange. Many governments also use their own e-invoicing systems to cater to their local VAT requirements.
E-invoicing requirements in Australia
Since the 1st of July 2021, Australia has been using the Peppol network to exchange e-invoices on a voluntary basis.
Then one year later, on the 1st of July 2022, the Australian government put mandatory processes in place stating that Commonwealth government agencies are obliged to use electronic invoicing using the Peppol network.
Apart from mandatory e-invoicing for government agencies, the Australian government’s Business E-invoicing Right (BER) is in consultation. BER will legally require any business in scope to send an e-invoice via the Peppol network upon request from any other business covered by the BER.
Exploring e-invoicing requirements around the world
Mandatory e-invoicing requirements are constantly changing around the globe. Therefore it pays to keep up to date. Follow us on LinkedIn and sign-up to our monthly tax compliance and e-invoicing newsletter and receive updates straight in your inbox.
