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The mandate for e-invoicing adoption is growing

The mandate for e-invoicing adoption is growing

Striving for the 'perfect' invoice in a digital world

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In a global digital economy with more than 6 billion smartphone users expected worldwide by 2020, businesses see expanding new markets at every turn.

This digital trend is not just providing benefits for users, but to governments and tax collection as well.  The increased use of e-invoicing and electronic filing by government authorities is once such example of governments using digital tools to facilitate compliance and track fraud - quicker and more efficiently. 

This comes in handy for multinational companies: as they tap new growth opportunities for their goods and services, they face a steady stream of customs indirect tax regulations - such as Value Added Tax (VAT) and its counterpart, the Goods and Services Tax (GST) - along every stage of the supply chain, accross a multitude of jurisdictions.  

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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