Are you ready for Electronic Invoicing in 2019?
From 1 January 2019, under the terms of Directive 2014/55 / EU, suppliers and entities of the Public Administration shall issue, transmit and receive invoices exclusively by electronic means.
From 1 January 2019, under the terms of Directive 2014/55 / EU, suppliers and entities of the Public Administration shall issue, transmit and receive invoices exclusively by electronic means.
Electronic invoicing is a legal obligation, in the supply of goods and services to European public entities, but also an opportunity to rationalize processes, reduce costs and innovate internal procedures.
The rules apply to invoicing on public procurement context and therefore have an impact also on private providers. European regulation was developed to be used by Public Administration and by Private Companies.
According to European Law, electronic billing will require the creation of data in a correct structure (defined by a European standard model) and sent directly from the seller’s system to the buyer. In this way, the invoice can be automatically imported into the Public Entity’s system, without the need for manual insertion.
About dates and details to include on invoice:
General deadlines set out in the European Directive:
The deadline for Member States to transpose and implement electronic billing obligations in procurement procedures is no later than 18 April 2019.
By 18 April 2020: sub-central public authorities (regional or local):
May benefit from an extension of the deadline for implementing the Directive, valid in Member States applying for this option.
Data to be included:
Decree-Law no. 111 – B / 2017, related to the Code of Public Contracts, indicates all elements to be included in the electronic invoice, mandatory form “whenever applicable”.
