The Public Revenue Office (the PRO) has announced that they are starting with the implementation of an e-invoicing system. The e-invoicing system will enable recording of all transactions for non-cash payments, through standardized electronic invoices, which, upon their issuance, will be directly reported.
According to the PRO, the main advantages of the e-invoicing system will be:
- Elimination of paper documents and manual bookkeeping,
- Reduced expenses for logistics, archiving and resources,
- Automated booking via QR code, integration with the companies’ own accounting systems,
- Greater control and security in business transactions.
According to the PRO, the expected plan for going live is the third quarter of 2026.
Read more on the PRO’s plans on their LinkedIn profile.
For any questions, please feel free to contact KPMG