30 March 2022
Australia has proposed a Business E-invoicing Right (BER), which will encourage businesses to adopt e-invoicing.
Unlike many other countries' initiatives, the Australian government does not intend to check the electronic invoices issued by suppliers, which means businesses will send e‑invoices directly to their customer without these moving through a government portal to be validated.
If accepted, BER will be implemented first for large businesses (with a turnover of more than $50 million) from 1 July 2023, then for medium businesses (with a turnover of more than $50 million) from 1 July 2024, and lastly for small businesses (with a turnover of more than $50 million) from 1 July 2025.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE