Plans to extend India e-invoicing to Business-2-Consumer transactions in doubt
Following the completion in 2021 of the rollout of B2B electronic invoicing for transactions above ₹20 crore (from 1 April 2022), the plan had been to bring in B2C transactions.
Currently, For B2C invoices, a QR Code must be included in any invoice by a supplier with an annual turnover above ₹500 crores (approx: €57m; USD67m) since mid-2021.
Yield on B2C e-invoicing and further threshold reduction doubtful
However, it is being reported that the compliance burden of extending the mandatory e-invoicing obligation to retail would not justify the likely additional revenues yield. In addition, the new ₹20 crore B2B transaction threshold may not be reduced further.
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Asia Pacific e-invoicing
| Country | Date | Comments (click for details) |
| Australia | Jul 2023 | PEPPOL-based e-invoicing with no govt intervention B2B |
| China | Jan 2023 | Special e-fapiao VAT invoice being piloted with 2023 full implementation |
| India | Oct 2020 | B2B pre-clearance with separate B2C; completed Apr 2021 |
| Indonesia | Jul 2015 | e-Factur Pajak electronic invoicing |
| Japan | Oct 2023 | Tax qualified invoices |
| Kazakhstan | Jan 2017 | e-invoicing IS ESF |
| Kyrgyzstan | Jan 2023 | Mandatory e-invoicing for goods |
| Malaysia | 2024 | e-invoicing pre-clearance |
| Mauritius | 2023 | e-invoicing System with digital transaction reporting |
| New Zealand | Mar 2022 | B2G PEPPOL-based e-invoicing |
| Philippines | Jul 2022 | 2022 pilot of e-invoices; to follow South Korea model |
| Singapore | TBC | Mandatory B2G e-invoicing on InvoiceNow |
| South Korea | 2011 | Near real-time invoice reporting |
| Taiwan | 2017 | Electronic GUI invoices; non-residents since 2020 |
| Thailand | 2018 | E-invoice reporting where adopted |
| Vietnam | Nov 2021 | Pre-clearance B2B verification code e-invoice |
