Poland aims to introduce e-invoicing in 2021. Poland’s finance ministry has published draft regulations introducing e-invoicing from October 2021. The first phase of the country’s new e-invoicing system will be voluntary.
Authorities plan to make e-invoicing mandatory for all companies by 2023.
E-invoices will be processed via Poland’s National E-invoicing System(KSeF), according to a specified format. Businesses will be able to access the KSeF system via an API.
Polish authorities say the new system will be more efficient and enable better detection of tax fraud.
The Italian model
Italy is generally regarded as the model for e-invoicing in Europe. France followed suit, with plans to make e-invoicing mandatory for all B2B transactions for large firms by 2023.
The EU implemented its e-Invoicing Directive to provide a European standard for e-invoicing. However, Poland’s proposed e-invoicing format differs somewhat from the standard laid out in the Directive. Businesses should therefore get in touch with a VAT expert if they need clarity on invoice requirements in any jurisdiction.
E-invoicing: the new norm
Given the uncertainty of the past year, the implementation of new mechanisms may be subject to change. For example, Greece announced that it has postponed mandatory e-invoicing, in part due to the Covid-19 pandemic.
However, e-invoicing countries in Europe and around the world are steadily adopting e-invoicing. Businesses will therefore need to ensure they have the technology and expertise to comply with inevitable e-invoicing requirements.
Disclaimer: Reproduced/Adapted with permission from VATGlobal.