Australia e-invoicing update

Australia revised adoption of Peppol PINT e-invoicing specification

The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has been revised. This replaces the existing ANZ Peppol BIS 3.0 specification.  The format is obligatory for B2G e-invoicing, and also if e-invoicing is agreed between B2B counterparties.

The new mandatory timetable is:

• Nov 2024: invoicing, credit notes and self-invoicing (previously April 2024)
• May 2025: self-invoicing

The PINT format has already been adopted in Malaysia and Singapore.

The main alterations between ANZ PEPPOL BIS 3.0 and PINT A-NZ consist of new specifications and values for business process identifiers, as well as the addition of a new document type identifier scheme with the moniker of the wildcard scheme. Business rules have also been updated, with new rule identifiers being introduced, while some have been streamlined or eradicated altogether. Additionally, rules that were once classified as “warning” severity level have been abolished.

Oct 2023: Government committed to mandate customers’ right to request Peppol-based e-invoicing

The Australian Department of Treasury remains committed to pushing the adoption of PEPPOL-based e-invoicing on B2B transactions. Currently, it is adopted for B2G by 2022.

Its current intention is to legislate to allow vendors the right to insist their Australian-resident business customers must accept Peppol e-invoicing. This is likely to be phased as follows:

• Year 1: any company may require their large (turnover above AUD 50 million)  suppliers to provide PEPPOL e-invoices;
• Year 2: As above for medium-sized (between AUD 10 million and 50 million) suppliers; and
• Year 3: As above for any supplier.

VAT Calc’s live VAT invoice transaction and e-invoice tracker on real-time transaction-based VAT or GST reporting lists all the countries imposing e-reporting and similar reporting.

Pan-European Public Procurement Online (PEPPOL)

PEPPOL is an international non-governmental organisation which has developed a harmonised protocol and technical specifications for e-Procurement between governments and businesses. PEPPOL, which started in the EU, has been adopted by 38 countries.

This includes the exchange of electronic invoice via access points that connect businesses to the Peppol network and help them exchange invoices with there trading partners. PEPPOL is not a platform in itself; it is the agreed technical specifications, standards, agreements and on-boarding processes for businesses to adopt to ensure efficient electronic exchange of procurement documents, including:

• e-Orders
• e-Advance Shipping Notes
• eInvoices
• eCatalogues
• Message Level Responses, etc.

For live e-invoice preparation in Australia with PEPPOL, VAT Calc’s real-time global Calculator and Auditor  services produce instant and accurate tax calculations into your ERP.

Asia Pacific e-invoicing