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
Update: Foreign providers selling digital services B2C...
From 1 October 2024, the Peruvian tax authority will introduce VAT at 18% on the sale of digital services by non-resident providers to local consumers. Peru...
SEE MORE
LATEST NEWS
UK to launch public consultation on electronic...
During September the UK unveiled a package of reforms that includes launching a consultation on how HMRC can support the introduction of electronic invoicing...
SEE MORE
LATEST NEWS
Swiss government propose an increase to the standard...
The Swiss tax authorities are now proposing to increase the standard VAT rate in the country from 8.1% to 8.8%. This proposal is being put forward to cover...
SEE MORE