Your challenges
Governments around the globe have introduced, or are exploring the option of shortly introducing, mandatory e-invoicing, real-time reporting and/or periodical and on-request e-audit requirements. This is happening at an unprecedented and accelerating pace.
These obligations require businesses to evaluate how they will respond and update their various systems and processes in a timely manner to ensure that they remain legally compliant to avoid risk of penalties, whilst at the same time ensuring security and zero interruptions in the flow of goods and services to their customers.
However, this changing global landscape presents businesses with an excellent occasion to re-evaluate their overall tax technology strategy in order to ensure that it is future proof with as many automated processes as possible. For global technology providers, the changing landscape offers the opportunity for them to expand their global product portfolio with additional features or enhancements and to increase their geographical coverage.
Mandatory e-invoicing
Obligation to electronically exchange invoices / transactional data using a predefined format, sometimes via a (government run) platform.
Real time reporting
Obligation to communicate incoming and/or outgoing transactional data to the tax authority in (near) real-time, usually within a few working days, in a pre-defined format.
On request e-audits
Obligation to be able to extract and present accounting / transactional data in a predefined format on request of the tax authority.
How we can help
PwC’s global (e-)invoicing and e-reporting Centre of Excellence
PwC has a well established centre of excellence that helps companies and public bodies across the world navigate the rapidly changing global e-invoicing and e-reporting landscape.
To date, our core Team, in collaboration with PwC’s e-invoicing network, has worked on (e-)invoicing, (e-)archiving and (e-)reporting assignments and queries in more than 120 countries around the world.
Service providers
For the largest global service providers (both in terms of size and geographical coverage), we assist them to define their (compliance) strategy in order to meet very specific local compliance requirements in different markets and enter new, non-developed markets.
Businesses
We assist a large number of organisations with their e-invoicing and e-reporting journey, enabling them to be compliant now and in the future.
Government
PwC actively monitors e-invoicing and e-reporting policy in multiple jurisdictions, as our global e-invoicing network has trusted relations with the standardisation bodies of regulations and with governments globally.
PwC’s phased and modular approach
Our phased and modular approach enables you to achieve impactful results for your organisation by helping you to understand how compliance-related investments can potentially further other strategic business initiatives.
Build awareness and generate momentum for your e-invoicing and e-reporting journey.
- Obtain focussed and actionable information on the regulatory changes via electronic Compliance Radar.
- Obtain focussed and actionable information on the regulatory changes
- Understand new requirements in a broader business context.
Create a shared understanding of people, processes and technology that are or will be affected by your current and future obligations.
- Confirm obligation applicability for your business
- Assess the current business environment
- Review data availability & quality
- Assess overall readiness
- ...
Define your future technology strategy and find a solution that best suits your business needs based on your short-term and long-term goals.
- Vendor selection support
- Short and long term strategy determination
- ...
Plan for the adoption of future technology by devising a strategy that fully suits the short-term and long-term goals of your business.
- Develop an implementation roadmap and requirements
- Technical implementation, test & deploy and go-live
- ...
Pursue a future-proof e-invoicing compliance strategy that will help you stay operational and compliant in case of change.
- Proactively monitor compliance related changes
- Reassess, re-evaluate and improve
- Ad hoc support
- ...
Upcoming B2B E-Invoicing Mandate
PwC’s Electronic Compliance Radar (eCR)
