[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"config-en":3,"story-en-resources/blog/eu-vat-gap-report-2025":3003,"i-icon:main_shape":14670,"i-logo:banqup":14675,"i-icon:arrow_right":14679,"i-simple-icons:facebook":14681,"i-simple-icons:instagram":14684,"i-simple-icons:linkedin":14686,"i-icon:apple_app_store":14688,"i-icon:google_play_store":14692,"i-lucide:chevron-down":14694,"i-icon:world":14696},{"seo":4,"_uid":10,"logo":11,"socialsX":18,"component":21,"footerLinks":22,"topbarLinks":1054,"mainNavLinks":1068,"appStoreTitle":2489,"footerColumns":2490,"socialsTiktok":2653,"jobApply_email":2654,"jobApply_phone":2655,"mainNavButtons":2656,"iosDownloadLink":2682,"jobApply_submit":2684,"newsletterTitle":2685,"socialsFacebook":2686,"socialsLinkedin":2688,"jobApply_heading":2690,"jobApply_message":2691,"socialsInstagram":2692,"whitePaper_email":2694,"jobApply_lastName":2695,"whitePaper_submit":2696,"jobApply_firstName":2697,"whitePaper_company":2698,"whitePaper_heading":2696,"androidDownloadLink":2699,"appStoreDescription":2701,"generalTranslations":2702,"jobApply_motivation":2830,"whitePaper_lastName":2831,"hideBackgroundShapes":17,"whitePaper_firstName":2832,"newsletterDescription":2833,"newsletterSubmitButton":2834,"footerTermsAndConditions":2840,"integrationsTranslations":2841,"solutionPageTranslations":2857,"jobApply_motivationSubmit":2858,"resourceTypesTranslations":2859,"jobApplyConfirmation_error":2911,"jobApplyConfirmation_title":2912,"jobApplyConfirmation_returnHome":2913,"jobApplyConfirmation_description":2914,"whitepaperFormConfirmation_error":2911,"integrationCategoriesTranslations":2920,"jobApply_privacyPolicyConfirmation":2933,"whitePaperFormConfirmation_heading":2912,"resourceTypesCategoriesTranslations":2946,"whitePaper_privacyPolicyConfirmation":2987,"whitepaperFormConfirmation_returnHome":2913,"whitepaperFormConfirmation_description":2997},{"_uid":5,"title":6,"plugin":7,"og_image":8,"og_title":6,"description":9,"twitter_image":8,"twitter_title":6,"og_description":9,"twitter_description":9},"b49de6f1-d667-494b-a985-898625c1c013","Banqup","seo_metatags","","Banqup automates your payment, invoicing and billing tasks. At Banqup, we strive to simplify payments and invoicing by taking away the mundane daily tasks and digitalising the processes for you.","c235149f-67d6-4d7d-b13f-e32d463fefef",{"id":12,"alt":8,"name":13,"focus":8,"title":8,"source":8,"filename":14,"copyright":8,"fieldtype":15,"meta_data":16,"is_external_url":17},22151802,"Banqup logo","https://a.storyblok.com/f/318078/300x85/6e319e2de9/banqup-logo_white-horizontal_svg.svg","asset",{},false,{"id":8,"url":8,"linktype":19,"fieldtype":20,"cached_url":8},"url","multilink","config",[23,526,657],{"name":24,"created_at":25,"published_at":26,"updated_at":27,"id":28,"uuid":29,"content":30,"slug":507,"full_slug":508,"sort_by_date":64,"position":509,"tag_list":510,"is_startpage":17,"parent_id":511,"meta_data":64,"group_id":512,"first_published_at":513,"release_id":64,"lang":48,"path":64,"alternates":514,"default_full_slug":508,"translated_slugs":515,"_stopResolving":55},"Terms & conditions","2025-02-18T10:10:26.812Z","2026-01-16T08:04:19.250Z","2026-01-16T08:04:19.273Z",627571042,"6c695d76-4693-4d77-bb7f-a5d756af26dd",{"seo":31,"_uid":36,"body":37,"component":506},{"_uid":32,"title":33,"plugin":34,"description":35},"d6cf146c-e1cb-422c-b4ed-cbe24550be46","Terms and Conditions","meta-fields","Read the Banqup Terms and Conditions. Understand the legal agreement, user rights, and responsibilities for using our invoicing and payment services.","00646961-47ad-4891-a74f-2d7ef7b08f74",[38,56],{"_uid":39,"size":40,"image":41,"buttons":45,"heading":33,"tagline":46,"component":47,"background":48,"description":49,"imageVariation":54,"invertTextColor":55},"1b2968ce-a310-416c-addb-9132d4efa538","medium",{"id":42,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":43,"copyright":8,"fieldtype":15,"meta_data":44,"is_external_url":17},132146787730787,"https://a.storyblok.com/f/318078/6144x3456/95c5cddbce/privacy.jpg",{},[],"Last updated September 3, 2021","hero","default",{"type":50,"content":51},"doc",[52],{"type":53},"paragraph","background",true,{"_uid":57,"text":58,"component":505,"background":48},"b38ce84d-2e48-4f77-864d-d2fc3b2aabec",{"type":50,"content":59},[60,72,90,130,138,165,172,185,192,205,214,227,235,240,247,256,269,294,302,323,330,339,346,359,366,379,386,407,415,460,467,485,492],{"type":61,"attrs":62,"content":65},"heading",{"level":63,"textAlign":64},3,null,[66],{"text":67,"type":68,"marks":69},"By using our site you accept these Terms and Conditions","text",[70],{"type":71},"bold",{"type":53,"attrs":73,"content":74},{"textAlign":64},[75,77,79,80,82,83,84,86,87,88],{"text":76,"type":68},"Please read these Terms and Conditions carefully and ensure that you understand them before using our site.",{"type":78},"hard_break",{"type":78},{"text":81,"type":68},"These Terms and Conditions, together with any other documents referred to herein, set out the terms of use governing your use of this website, https://www.banqup.com/ (“our site”). It is recommended that you print a copy of these Terms and Conditions for your future reference. These Terms and Conditions were last updated on September 3rd 2021.",{"type":78},{"type":78},{"text":85,"type":68},"Your agreement to comply with these Terms and Conditions is indicated by your use of our site. If you do not agree to these Terms and Conditions, you must stop using our site immediately.",{"type":78},{"type":78},{"text":89,"type":68},"The following documents also apply to your use of our site",{"type":91,"content":92},"bullet_list",[93,114],{"type":94,"content":95},"list_item",[96],{"type":53,"attrs":97,"content":98},{"textAlign":64},[99,101,112],{"text":100,"type":68},"Our ",{"text":102,"type":68,"marks":103},"Privacy notice ",[104],{"type":105,"attrs":106},"link",{"href":107,"uuid":108,"anchor":64,"custom":109,"target":110,"linktype":111},"/legal/privacy-notice","75fae8d7-0c95-4ecb-a3fc-0a3bd3585a85",{},"_self","story",{"text":113,"type":68},"This is also referred to below in Part 14.",{"type":94,"content":115},[116],{"type":53,"attrs":117,"content":118},{"textAlign":64},[119,120,128],{"text":100,"type":68},{"text":121,"type":68,"marks":122},"Cookie policy",[123],{"type":105,"attrs":124},{"href":125,"uuid":126,"anchor":64,"custom":127,"target":110,"linktype":111},"/legal/cookie-policy","11750e2e-e50b-4950-b8f1-0f4fc9f78db2",{},{"text":129,"type":68},"  This is also referred to below in Part 14.",{"type":61,"attrs":131,"content":133},{"level":132,"textAlign":64},4,[134],{"text":135,"type":68,"marks":136},"1. Definitions and Interpretation",[137],{"type":71},{"type":53,"attrs":139,"content":140},{"textAlign":64},[141,143,144,145,147,151,153,154,156,157,159,163],{"text":142,"type":68},"1.1 In these Terms and Conditions, unless the context otherwise requires, the following expressions have the following meanings:",{"type":78},{"type":78},{"text":146,"type":68},"• “",{"text":148,"type":68,"marks":149},"Content",[150],{"type":71},{"text":152,"type":68},"” means any and all text, images, audio, video, scripts, code, software, databases, and any other form of information capable of being stored on a computer that appears on, or forms part of, our site; and",{"type":78},{"text":155,"type":68},"‍",{"type":78},{"text":158,"type":68},"• \"",{"text":160,"type":68,"marks":161},"We/Us/Our",[162],{"type":71},{"text":164,"type":68},"” means Banqup Group.",{"type":61,"attrs":166,"content":167},{"level":132,"textAlign":64},[168],{"text":169,"type":68,"marks":170},"2. Information about us",[171],{"type":71},{"type":53,"attrs":173,"content":174},{"textAlign":64},[175,177,178,179,181,182,183],{"text":176,"type":68},"2.1 Our site is operated by Banqup Group. We are a limited company registered in Belgium under company number 0886.277.617. Our registered address is Avenue Reine Astrid 92A 1310 La Hulpe, Belgium, and",{"type":78},{"type":78},{"text":180,"type":68},"2.2 Our VAT number is BE0886.277.617.",{"type":78},{"type":78},{"text":184,"type":68},"2.3 We are regulated by Financial Services and Market Authority (FSMA).",{"type":61,"attrs":186,"content":187},{"level":132,"textAlign":64},[188],{"text":189,"type":68,"marks":190},"3. How to contact us",[191],{"type":71},{"type":53,"attrs":193,"content":194},{"textAlign":64},[195,197,203],{"text":196,"type":68},"To contact us, please email us at ",{"text":198,"type":68,"marks":199},"info@banqup.com",[200],{"type":105,"attrs":201},{"href":202,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"mailto:info@unifiedpost.com?subject=Terms%20and%20Conditions",{"text":204,"type":68}," or use the contact form available on our site.",{"type":61,"attrs":206,"content":207},{"level":132,"textAlign":64},[208,212],{"text":209,"type":68,"marks":210},"4. 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You are therefore advised to check this page every time you use our site.",{"type":78},{"type":78},{"text":255,"type":68},"6.2 If any part of the current version of these Terms and Conditions conflicts with any previous version(s), the current version shall prevail unless We explicitly state otherwise.",{"type":61,"attrs":257,"content":258},{"level":132,"textAlign":64},[259,263,265],{"text":260,"type":68,"marks":261},"7. How you may use ",[262],{"type":71},{"text":264,"type":68},"our site ",{"text":266,"type":68,"marks":267},"and content (intellectual property rights)",[268],{"type":71},{"type":53,"attrs":270,"content":271},{"textAlign":64},[272,274,275,276,278,279,280,282,283,284,286,287,288,290,291,292],{"text":273,"type":68},"7.1 All content included on our site and the copyright and other intellectual property rights in that content belongs to or has been licensed by Us, unless specifically labelled otherwise. All content is protected by applicable Belgian and international intellectual property laws and treaties.",{"type":78},{"type":78},{"text":277,"type":68},"7.2 You may access, view, and use our site in a web browser (including any web browsing capability built into other types of software or app) and you may download our site (or any part of it) for caching (this usually occurs automatically).",{"type":78},{"type":78},{"text":281,"type":68},"7.3 You may print one copy and download extracts of any page(s) from our site for personal use only.",{"type":78},{"type":78},{"text":285,"type":68},"7.4 You may not modify the printed copies or downloaded extracts in any way. Images, video, audio, or any other content downloaded from our site must not be used separately from accompanying text.",{"type":78},{"type":78},{"text":289,"type":68},"7.5 Our status as the owner and author of the content on our site (or that of identified licensors, as applicable) must always be acknowledged.",{"type":78},{"type":78},{"text":293,"type":68},"7.6 You may not use any content saved or downloaded from our site for commercial purposes without first obtaining a licence from Us (or our licensors, as applicable).",{"type":61,"attrs":295,"content":296},{"level":132,"textAlign":64},[297,301],{"text":298,"type":68,"marks":299},"8. Links to ",[300],{"type":71},{"text":213,"type":68},{"type":53,"attrs":303,"content":304},{"textAlign":64},[305,307,308,309,311,312,313,315,316,317,319,320,321],{"text":306,"type":68},"8.1 You may link to any page on our site.",{"type":78},{"type":78},{"text":310,"type":68},"8.2 Links to our site must be fair and lawful. You must not take unfair advantage of Our reputation or attempt to damage Our reputation.",{"type":78},{"type":78},{"text":314,"type":68},"8.3 You must not link to our site in a manner that suggests any association with Us (where there is none) or any endorsement or approval from Us (where there is none).",{"type":78},{"type":78},{"text":318,"type":68},"8.4 Your link should not use any logos or trademarks displayed on our site without our express written permission.",{"type":78},{"type":78},{"text":322,"type":68},"8.5 You may not link to our site from another website the main content of which is unlawful; obscene; offensive; inappropriate; dishonest; defamatory; threatening; racist, sexist, or otherwise discriminatory; that promotes violence, racial hatred, or terrorism; that infringes intellectual property rights; or that We deem to be otherwise objectionable.",{"type":61,"attrs":324,"content":325},{"level":132,"textAlign":64},[326],{"text":327,"type":68,"marks":328},"9. Links to other sites",[329],{"type":71},{"type":53,"attrs":331,"content":332},{"textAlign":64},[333,335,336,337],{"text":334,"type":68},"9.1 Links to other websites may be included on our site. Unless expressly stated, these sites are not under our control. We accept no responsibility or liability for the content of third-party websites.",{"type":78},{"type":78},{"text":338,"type":68},"9.2 The inclusion of a link to another website on our site is for information purposes only and does not imply any endorsement of that website or of its owners, operators, or any other parties involved with it.",{"type":61,"attrs":340,"content":341},{"level":132,"textAlign":64},[342],{"text":343,"type":68,"marks":344},"10. Disclaimers",[345],{"type":71},{"type":53,"attrs":347,"content":348},{"textAlign":64},[349,351,352,353,355,356,357],{"text":350,"type":68},"10.1 Nothing on our site constitutes professional advice on which you should rely. It is provided for general information purposes only.",{"type":78},{"type":78},{"text":354,"type":68},"10.2 We make reasonable efforts to ensure that the content on our site is complete, accurate, and up to date, but We make no warranties, representations, or guarantees (express or implied) that this will always be the case.",{"type":78},{"type":78},{"text":358,"type":68},"10.3 If you are a business user, We exclude all implied representations, warranties, conditions, and other terms that may apply to our site and content.",{"type":61,"attrs":360,"content":361},{"level":132,"textAlign":64},[362],{"text":363,"type":68,"marks":364},"11. Our liability",[365],{"type":71},{"type":53,"attrs":367,"content":368},{"textAlign":64},[369,371,372,373,375,376,377],{"text":370,"type":68},"11.1 Nothing in these Terms and Conditions excludes or restricts our liability for fraud or fraudulent misrepresentation, for death or personal injury resulting from negligence, or for any other forms of liability which cannot be lawfully excluded or restricted.",{"type":78},{"type":78},{"text":374,"type":68},"11.2 If you are a business user (i.e. you are using our site in the course of business or for commercial purposes), to the fullest extent permissible by law, We accept no liability for any loss or damage, whether foreseeable or otherwise, in contract, tort (including negligence), for breach of statutory duty, or otherwise, arising out of or in connection with the use of (or inability to use) our site or the use of or reliance upon any content included on our site.",{"type":78},{"type":78},{"text":378,"type":68},"11.3 If you are a business user, We accept no liability for loss of profit, sales, business, or revenue; loss of business opportunity, goodwill, or reputation; loss of anticipated savings; business interruption; or for any indirect or consequential loss or damage.",{"type":61,"attrs":380,"content":381},{"level":132,"textAlign":64},[382],{"text":383,"type":68,"marks":384},"12. Viruses, Malware, and Security",[385],{"type":71},{"type":53,"attrs":387,"content":388},{"textAlign":64},[389,391,392,393,395,396,397,399,400,401,403,404,405],{"text":390,"type":68},"12.1 We exercise reasonable skill and care to ensure that our site is secure and free from viruses and malware; however, We do not guarantee that this is the case.",{"type":78},{"type":78},{"text":394,"type":68},"12.2 You are responsible for protecting your hardware, software, data, and other material from viruses, malware, and other internet security risks.",{"type":78},{"type":78},{"text":398,"type":68},"12.3 You must not deliberately introduce viruses or other malware, or any other material which is malicious or technologically harmful either to or via our site.",{"type":78},{"type":78},{"text":402,"type":68},"12.4 You must not attempt to gain unauthorised access to any part of our site, the server on which our site is stored, or any other server, computer, or database connected to our site.",{"type":78},{"type":78},{"text":406,"type":68},"12.5 You must not attack our site by means of a denial of service attack, a distributed denial of service attack, or by any other means.",{"type":61,"attrs":408,"content":409},{"level":132,"textAlign":64},[410,414],{"text":411,"type":68,"marks":412},"13. Acceptable Usage of ",[413],{"type":71},{"text":213,"type":68},{"type":53,"attrs":416,"content":417},{"textAlign":64},[418,420,421,422,423,425,426,428,429,431,432,433,435,436,437,439,440,441,442,444,445,447,448,450,451,453,454,456,457,458],{"text":419,"type":68},"13.1 You may only use our site in a lawful manner:",{"type":78},{"text":155,"type":68},{"type":78},{"text":424,"type":68},"a) You must ensure that you comply fully with any and all local, national, or international laws and regulations that apply;",{"type":78},{"text":427,"type":68},"b) You must not use our site in any way, or for any purpose, that is unlawful or fraudulent; and",{"type":78},{"text":430,"type":68},"c) You must not use our site to knowingly send, upload, or in any other way transmit data that contains any form of virus or other malware or any other code designed to adversely affect computer hardware, software, or data of any kind.",{"type":78},{"type":78},{"text":434,"type":68},"13.2 If you fail to comply with the provisions of this Part 13, you will be in breach of these Terms and Conditions.",{"type":78},{"type":78},{"text":438,"type":68},"13.3 In that respect, We may take one or more of the following actions:",{"type":78},{"text":155,"type":68},{"type":78},{"text":443,"type":68},"a) Suspend or terminate your right to use our site;",{"type":78},{"text":446,"type":68},"b) Issue you with a written warning;",{"type":78},{"text":449,"type":68},"c) Take legal proceedings against you for reimbursement of any and all relevant costs on an indemnity basis resulting from your breach;",{"type":78},{"text":452,"type":68},"d) Take further legal action against you, as appropriate;",{"type":78},{"text":455,"type":68},"e) Disclose such information to law enforcement authorities as required or as We deem reasonably necessary; and/or) Any other actions which We deem reasonably appropriate (and lawful).",{"type":78},{"type":78},{"text":459,"type":68},"13.4 We hereby exclude any and all liability arising out of any actions that We may take (including, but not limited to those set out above in Part 13.2) in response to your breach.",{"type":61,"attrs":461,"content":462},{"level":132,"textAlign":64},[463],{"text":464,"type":68,"marks":465},"14. How we use your personal information",[466],{"type":71},{"type":53,"attrs":468,"content":469},{"textAlign":64},[470,472,478,480],{"text":471,"type":68},"We will only use your personal information as set out in our ",{"text":473,"type":68,"marks":474},"Privacy notice",[475],{"type":105,"attrs":476},{"href":107,"uuid":108,"anchor":64,"custom":477,"target":110,"linktype":111},{},{"text":479,"type":68}," and our ",{"text":121,"type":68,"marks":481},[482],{"type":105,"attrs":483},{"href":125,"uuid":126,"anchor":64,"custom":484,"target":110,"linktype":111},{},{"type":61,"attrs":486,"content":487},{"level":132,"textAlign":64},[488],{"text":489,"type":68,"marks":490},"15. Law and jurisdiction",[491],{"type":71},{"type":53,"attrs":493,"content":494},{"textAlign":64},[495,497,498,499,501,502,503],{"text":496,"type":68},"15.1 These Terms and Conditions, and the relationship between you and Us (whether contractual or otherwise) shall be governed by, and construed in accordance with, Belgian law.",{"type":78},{"type":78},{"text":500,"type":68},"15.2 If you are a consumer, you will benefit from any mandatory provisions of the law in your country of residence. 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We are fully committed to the security of your data.\n","2d9e3da6-86b8-4e1f-b0ef-dd3c2c045943",[538,553],{"_uid":539,"size":40,"image":540,"theme":542,"buttons":543,"heading":544,"tagline":8,"component":47,"background":545,"description":546,"imageVariation":54,"invertTextColor":55},"bfa23d5e-23b9-4596-8358-1f9f6aece99d",{"id":42,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":43,"copyright":8,"fieldtype":15,"meta_data":541,"is_external_url":17},{},"default-dark",[],"Privacy notices","primary-gradient",{"type":50,"content":547},[548],{"type":53,"attrs":549,"content":550},{"textAlign":64},[551],{"text":552,"type":68},"Here you’ll find clear information on how we process your personal data. Below, you can find our key privacy notices. 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The new partnership marks a significant milestone in both organizations’ commitment to driving digital transformation and operational excellence, tailored specifically for the Austrian market.",[1358,1360],{"type":1352,"attrs":1359},{"color":1354},{"type":71},{"type":53,"attrs":1362,"content":1363},{"textAlign":64},[1364],{"text":1365,"type":68,"marks":1366},"As the regulatory landscape for e-invoicing all over Europe is rapidly evolving, increasingly shifting toward standardized digital reporting and e-invoicing, the need for integrated, secure, and user-friendly financial operating systems has never been greater. The new collaboration integrates Banqup’s robust cloud-native and API-based infrastructure with Post Business Solutions’ new product ‘E-Rechnung Austria’ to provide a seamless ‘\"one-stop-shop\" ’ experience for businesses across Austria, including Austrian SMEs, tax consultants, and large enterprises. ",[1367],{"type":1352,"attrs":1368},{"color":1354},{"type":53,"attrs":1370,"content":1371},{"textAlign":64},[1372,1377,1388],{"text":1373,"type":68,"marks":1374},"Learn more about Post Business Solutions’ upcoming product E-Invoice Service on ",[1375],{"type":1352,"attrs":1376},{"color":1354},{"text":1378,"type":68,"marks":1379},"e-rechnung.at",[1380,1383,1386],{"type":105,"attrs":1381},{"href":1382,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"http://e-rechnung.at",{"type":1352,"attrs":1384},{"color":1385},"#1155CC",{"type":1387},"underline",{"text":767,"type":68,"marks":1389},[1390],{"type":1352,"attrs":1391},{"color":1354},{"type":53,"attrs":1393},{"textAlign":64},{"type":1395},"horizontal_rule",{"type":53,"attrs":1397},{"textAlign":64},{"type":61,"attrs":1399,"content":1400},{"level":63,"textAlign":64},[1401],{"text":1402,"type":68,"marks":1403},"Key objectives of the collaboration",[1404,1406],{"type":1352,"attrs":1405},{"color":1354},{"type":71},{"type":91,"content":1408},[1409,1419,1429,1439],{"type":94,"content":1410},[1411],{"type":53,"attrs":1412,"content":1413},{"textAlign":64},[1414],{"text":1415,"type":68,"marks":1416},"Localized compliance for Austria: Ensuring all financial workflows fully comply with Austrian tax regulations and e-invoicing requirements.",[1417],{"type":1352,"attrs":1418},{"color":1354},{"type":94,"content":1420},[1421],{"type":53,"attrs":1422,"content":1423},{"textAlign":64},[1424],{"text":1425,"type":68,"marks":1426},"Accelerated payment cycles: Enabling faster payment cycles by seamlessly connecting invoicing and payment processes to improve cash flow and liquidity management.",[1427],{"type":1352,"attrs":1428},{"color":1354},{"type":94,"content":1430},[1431],{"type":53,"attrs":1432,"content":1433},{"textAlign":64},[1434],{"text":1435,"type":68,"marks":1436},"End-to-end process transparency: Providing greater visibility and control across invoicing and payment processes.",[1437],{"type":1352,"attrs":1438},{"color":1354},{"type":94,"content":1440},[1441],{"type":53,"attrs":1442,"content":1443},{"textAlign":64},[1444],{"text":1445,"type":68,"marks":1446},"Operational efficiency: Increasing productivity through scalable document and data workflows and reducing administrative effort through intelligent automation.",[1447],{"type":1352,"attrs":1448},{"color":1354},{"type":53,"attrs":1450,"content":1451},{"textAlign":64},[1452,1457,1463,1468,1474],{"text":1453,"type":68,"marks":1454},"“As a trusted partner for Austrian businesses, it is our responsibility to make regulatory change practical and manageable,",[1455],{"type":1352,"attrs":1456},{"color":1354},{"text":1458,"type":68,"marks":1459}," ",[1460],{"type":1352,"attrs":1461},{"color":1462},"#000000",{"text":1464,"type":68,"marks":1465},"and a clear opportunity for further digitalisation” said ",[1466],{"type":1352,"attrs":1467},{"color":1354},{"text":1469,"type":68,"marks":1470},"George Wallner, Managing Director of Post Business Solutions",[1471,1473],{"type":1352,"attrs":1472},{"color":1354},{"type":71},{"text":1475,"type":68,"marks":1476},". “Together with Banqup, we are delivering a solution that is tailored to the Austrian market while meeting European requirements for digital invoicing and payment automation.”",[1477],{"type":1352,"attrs":1478},{"color":1354},{"type":53,"attrs":1480,"content":1481},{"textAlign":64},[1482,1487,1493,1498,1504,1509,1511],{"text":1483,"type":68,"marks":1484},"“The future of business operations in Austria is seamless, compliant, and integrated,” said ",[1485],{"type":1352,"attrs":1486},{"color":1354},{"text":1488,"type":68,"marks":1489},"Alban Olier, Head of Partners & Alliances ",[1490,1492],{"type":1352,"attrs":1491},{"color":1354},{"type":71},{"text":1494,"type":68,"marks":1495},"at",[1496],{"type":1352,"attrs":1497},{"color":1354},{"text":1499,"type":68,"marks":1500}," Banqup Group",[1501,1503],{"type":1352,"attrs":1502},{"color":1354},{"type":71},{"text":1505,"type":68,"marks":1506},". “By combining our technological expertise with Post Business Solutions’ ",[1507],{"type":1352,"attrs":1508},{"color":1354},{"text":1510,"type":68},"proven know-how",{"text":1512,"type":68,"marks":1513}," in digital transformation, we are building a growth engine that allows Austrian entrepreneurs to manage their entire financial supply chain, from the first invoice to the final payment, in one secure place.”",[1514],{"type":1352,"attrs":1515},{"color":1354},{"type":53,"attrs":1517,"content":1518},{"textAlign":64},[1519],{"text":1520,"type":68,"marks":1521},"The collaboration focuses primarily on scaling digital adoption and payment automation within the Austrian business community. Both teams are committed to fostering a ‘one-team’ culture to ensure the long-term success and scalability of this initiative.",[1522],{"type":1352,"attrs":1523},{"color":1354},{"_uid":1525,"cards":1526,"buttons":1530,"heading":1531,"tagline":8,"component":1532,"background":48,"description":1533},"5325d29c-9bd2-4aa6-be19-7672be8ea085",[1527,1528,1529],"f1846914-8e11-451a-939f-473a7b08ef26","e29cc19e-c220-4e3f-ae5d-d8c0827c2987","c195cbab-caf0-416d-a7aa-17a57d428467",[],"Similar articles","cardSlider",{"type":50,"content":1534},[1535],{"type":53},{"id":1537,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":1538,"copyright":8,"fieldtype":15,"meta_data":1539,"is_external_url":17},185557634607473,"https://a.storyblok.com/f/318078/1000x666/b025a8c20c/austrian-post-x-banqup-website-blog-image.png",{},[],[1542,1543],"53f53d8b-b52d-4766-863b-290d59034214","43132a85-c931-4893-9655-7832b64683fe",[1545,1546],"banqup","announcements","newsPage",[],"banqup-and-post-business-solutions-partner-to-revolutionize-digital-financial-workflows-for-austrian-businesses","resources/news/banqup-and-post-business-solutions-partner-to-revolutionize-digital-financial-workflows-for-austrian-businesses",-300,[1553],"Partnership",627731613,"08385055-4809-45dd-8368-ab7e56237e9c","2026-06-09T08:31:00.973Z",[],[1559,1562,1565],{"path":1560,"name":1561,"lang":519,"published":55},"resources/news/banqup-and-post-business-solutions-partner-to-revolutionize-digital-financial-workflows-for-austrian-businesses-banqup-and-visa-enter-strategic-partnership-to-deliver-integrated-e-invoicing-and-e-payment-solutions-tessi-versterkt-zijn-internationale-mogelijkheden-op-het-gebied-van-e-facturering-en-ctc-door-een-strategisch-partnerschap-met-banqup","Tessi versterkt zijn internationale mogelijkheden op het gebied van e-facturering en CTC door een strategisch partnerschap met Banqup",{"path":1563,"name":1564,"lang":521,"published":55},"resources/news/banqup-and-post-business-solutions-partner-to-revolutionize-digital-financial-workflows-for-austrian-businesses-banqup-and-visa-enter-strategic-partnership-to-deliver-integrated-e-invoicing-and-e-payment-solutions-tessi-renforce-sa-couverture-internationale-en-matiere-de-facturation-electronique-et-de-ctc-grace-a-un-partenariat-strategique-avec-banqup","Tessi renforce sa couverture internationale en matière de facturation électronique et de CTC grâce à un partenariat stratégique avec Banqup",{"path":1566,"name":1567,"lang":525,"published":55},"informationen/news/banqup-und-post-business-solutions-revolutionieren-oesterreichs-finanz-workflows","Banqup und Post Business Solutions revolutionieren Österreichs Finanz-Workflows",[],"featuredLink",{"url":1571,"_uid":1578,"title":1579,"megaMenu":1580,"component":1153},{"id":1572,"url":8,"linktype":111,"fieldtype":20,"cached_url":1573,"story":1574},"e5b88a74-94ef-4f08-9157-cd766a0be76c","resources/",{"name":1575,"id":1576,"uuid":1572,"slug":1577,"url":1573,"full_slug":1573,"_stopResolving":55},"Resources library",627839377,"resources","eddccbef-b49c-4dd9-a60c-15de8bb7d7f1","Insights",[1581],{"_uid":1582,"buttons":1583,"component":1082,"categoryLinks":1584,"featuredSections":1638},"3c00a8db-5d33-4bab-934d-c544aa74ead6",[],[1585],{"_uid":1586,"links":1587,"title":1637,"component":1127},"856ae7bd-bd6f-4931-8ecb-e73dca95ef36",[1588,1601,1613,1625],{"url":1589,"_uid":1596,"image":1597,"title":1599,"component":105,"description":1600},{"id":1590,"url":8,"linktype":111,"fieldtype":20,"cached_url":1591,"story":1592},"874998c4-35c1-4a62-8ef6-595606003ab7","solutions/compliance-management/tax-compliance",{"name":1593,"id":1594,"uuid":1590,"slug":1595,"url":1591,"full_slug":1591,"_stopResolving":55},"Tax Compliance",131026845126330,"tax-compliance","f9ca4e9e-ace4-4f08-ae85-a36c842229ec",{"id":64,"alt":64,"name":8,"focus":64,"title":64,"source":64,"filename":8,"copyright":64,"fieldtype":15,"meta_data":1598},{},"Compliance Management","Compliance without compromise. Eliminate compliance risk. Automate every invoice.\n\n",{"url":1602,"_uid":1608,"image":1609,"title":1611,"component":105,"description":1612},{"id":1603,"url":8,"linktype":111,"fieldtype":20,"cached_url":1604,"story":1605},"93009d22-0733-4b93-a83d-9cb6787d6429","resources/blog/",{"name":1606,"id":1607,"uuid":1603,"slug":1606,"url":1604,"full_slug":1604,"_stopResolving":55},"blog",627840826,"224ab465-7ae8-4444-9fcc-449140153de0",{"id":64,"alt":64,"name":8,"focus":64,"title":64,"source":64,"filename":8,"copyright":64,"fieldtype":15,"meta_data":1610},{},"Blog","Stay informed with the latest insights, updates, and tips from Banqup to help streamline your business finances.",{"url":1614,"_uid":1621,"image":1622,"title":1618,"component":105,"description":1624},{"id":1615,"url":8,"linktype":111,"fieldtype":20,"cached_url":1616,"story":1617},"b6e1a58c-251d-4228-a52b-b1be2bdc9bed","resources/news/",{"name":1618,"id":1619,"uuid":1615,"slug":1620,"url":1616,"full_slug":1616,"_stopResolving":55},"News",627841874,"news","15534395-decd-4fa0-ba51-0c02bf3c53c4",{"id":64,"alt":64,"name":8,"focus":64,"title":64,"source":64,"filename":8,"copyright":64,"fieldtype":15,"meta_data":1623},{},"Get the latest Banqup news and announcements",{"url":1626,"_uid":1633,"image":1634,"title":1630,"component":105,"description":1636},{"id":1627,"url":8,"linktype":111,"fieldtype":20,"cached_url":1628,"story":1629},"653824fb-4b4f-42d9-ab22-38454348dc3c","resources/webinars/",{"name":1630,"id":1631,"uuid":1627,"slug":1632,"url":1628,"full_slug":1628,"_stopResolving":55},"Webinars",85199283064511,"webinars","d7d28922-2e33-412e-81e2-1a4897235657",{"id":64,"alt":64,"name":8,"focus":64,"title":64,"source":64,"filename":8,"copyright":64,"fieldtype":15,"meta_data":1635},{},"Insight-packed webinars designed to help businesses manage their invoicing and administrative processes more efficiently with the Banqup solution.","Related resources",[1639],{"_uid":1640,"link":1641,"button":2225,"component":1569},"6da6ac4b-75ea-4952-8683-2ee603129382",[1642,2025],{"name":1643,"created_at":1644,"published_at":1645,"updated_at":1646,"id":1647,"uuid":1648,"content":1649,"slug":2001,"full_slug":2002,"sort_by_date":2003,"position":2004,"tag_list":2005,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":2007,"first_published_at":2008,"release_id":64,"lang":48,"path":64,"alternates":2009,"default_full_slug":2002,"translated_slugs":2015,"_stopResolving":55},"Still struggling with Peppol? 5 Tips to turn e-invoicing into a time-saver","2026-07-09T14:16:29.435Z","2026-07-13T14:24:41.487Z","2026-07-21T08:54:30.357Z",196267988780663,"b4b9fdcb-4a81-4e08-b7ed-86dbafbdddbd",{"seo":1650,"_uid":1654,"body":1655,"image":1916,"theme":8,"title":1643,"related":1920,"summary":1921,"category":1993,"component":1996,"createdOn":1997,"description":1998,"relatedCountries":1999,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":1651,"title":1652,"plugin":34,"description":1653},"5c03325b-e7eb-45a4-8e97-15ef2e97efda","5 Tips to turn e-invoicing into a time-saver","Tired of manually re-entering invoicing data over and over? Discover why Peppol e-invoicing is slowing Belgian SMEs down and how Banqup wins your time back.","16c8f428-1f4d-4de1-906e-92744ad46fec",[1656,1801,1828,1906],{"_uid":1657,"text":1658,"component":505,"background":48},"44fb936c-0f39-466f-9849-631eab313300",{"type":50,"content":1659},[1660,1667,1672,1677,1682,1690,1698,1717,1719,1724,1729,1734,1739,1744,1749,1754,1759,1764,1769,1774,1779,1781,1786,1791,1796],{"type":53,"attrs":1661,"content":1662},{"textAlign":64},[1663],{"text":1664,"type":68,"marks":1665},"Mandatory electronic B2B invoicing via the Peppol network has been officially in effect in Belgium since January 1st, 2026. The initial grace and tolerance periods are firmly behind us, and non-compliance fines are actively being issued. Yet, the general sentiment among Belgian business owners remains incredibly mixed.",[1666],{"type":71},{"type":53,"attrs":1668,"content":1669},{"textAlign":64},[1670],{"text":1671,"type":68},"Recent market research among Belgian SMEs highlights a frustrating reality: the promised land of administrative simplification has turned into a logistical headache for many. Barely half of surveyed businesses report experiencing actual time savings, while a significant portion feel the mandate has added administrative overhead rather than reducing it. For many entrepreneurs, managing financial administration simply felt easier before the mandate took effect.",{"type":53,"attrs":1673,"content":1674},{"textAlign":64},[1675],{"text":1676,"type":68},"How did an initiative designed to streamline business workflows cause so much friction? More importantly, how can you pivot your business to make sure you are on the winning side of the efficiency curve?",{"type":61,"attrs":1678,"content":1679},{"level":684,"textAlign":64},[1680],{"text":1681,"type":68},"The last-minute registration trap",{"type":53,"attrs":1683,"content":1684},{"textAlign":64},[1685],{"text":1686,"type":68,"marks":1687},"The root cause of this widespread frustration is easily found in the timeline of adoption. A clear majority of Belgian businesses waited until the final months, or even after the deadline, to register on the Peppol network.",[1688],{"type":1352,"attrs":1689},{"color":1462},{"type":53,"attrs":1691,"content":1692},{"textAlign":64},[1693],{"text":1694,"type":68,"marks":1695},"This final-hour rush triggered a massive surge in businesses grabbing the closest, free, or standalone tool available just to stay legally compliant. Unfortunately, these basic systems were rarely chosen with operational integration in mind.",[1696],{"type":1352,"attrs":1697},{"color":1462},{"type":53,"attrs":1699,"content":1700},{"textAlign":64},[1701,1706,1712],{"text":1702,"type":68,"marks":1703},"As a result, thousands of independent business owners are now trapped in a ",[1704],{"type":1352,"attrs":1705},{"color":1462},{"text":1707,"type":68,"marks":1708},"frustrating double-entry loop",[1709,1711],{"type":1352,"attrs":1710},{"color":1462},{"type":71},{"text":1713,"type":68,"marks":1714},". They type an invoice once into their basic Peppol tool to legally send it to a B2B client, and then manually type it a second time into their accounting or ERP software because the two systems cannot communicate with each other. With workflows this fragmented, it is no surprise that error rates are up and the promised efficiency is nowhere to be found.",[1715],{"type":1352,"attrs":1716},{"color":1462},{"type":53,"attrs":1718},{"textAlign":64},{"type":61,"attrs":1720,"content":1721},{"level":684,"textAlign":64},[1722],{"text":1723,"type":68},"5 tips to use Peppol more efficiently",{"type":53,"attrs":1725,"content":1726},{"textAlign":64},[1727],{"text":1728,"type":68},"Peppol isn't the problem, the lack of integration is. Here are 5 concrete tips to take back control and make e-invoicing actually work for your business.",{"type":61,"attrs":1730,"content":1731},{"level":63,"textAlign":64},[1732],{"text":1733,"type":68},"Tip 1: Stop manual double entry (choose compatible software)",{"type":53,"attrs":1735,"content":1736},{"textAlign":64},[1737],{"text":1738,"type":68},"The biggest challenge of the Peppol implementation in Belgium is software fragmentation. Stop using isolated, standalone apps. Instead, choose a solution that acts as a quiet bridge between your billing tools, CRM, and ERP software. When data flows automatically across your systems, you completely eliminate the need for manual double data entry and reduce human error to zero.",{"type":61,"attrs":1740,"content":1741},{"level":63,"textAlign":64},[1742],{"text":1743,"type":68},"Tip 2: Automate your accountant collaboration",{"type":53,"attrs":1745,"content":1746},{"textAlign":64},[1747],{"text":1748,"type":68},"Instead of wasting days gathering invoices and receipts at the close of every quarter, you can automate this entire workflow. A connected e-invoicing platform grants your accountant secure, real-time access to a digital archive. This keeps your books constantly updated, freeing up your financial advisor’s time to offer proactive business guidance rather than chasing paperwork.",{"type":61,"attrs":1750,"content":1751},{"level":63,"textAlign":64},[1752],{"text":1753,"type":68},"Tip 3: Use a smart Peppol gateway for validation and error tracking",{"type":53,"attrs":1755,"content":1756},{"textAlign":64},[1757],{"text":1758,"type":68},"Many SMEs struggle with cryptic technical error messages or \"invisible\" invoices that seem to vanish into the network. An advanced gateway automatically validates your documents against official UBL/XML formatting standards before they are sent. Furthermore, thanks to Invoice Message Responses (IMRs), you get a digital 'read receipt' so you know exactly when your transaction has been successfully received.",{"type":61,"attrs":1760,"content":1761},{"level":63,"textAlign":64},[1762],{"text":1763,"type":68},"Tip 4: Shield your back end from invoicing fraud",{"type":53,"attrs":1765,"content":1766},{"textAlign":64},[1767],{"text":1768,"type":68},"Digital invoice fraud is on the rise. An integrated platform runs automatic compliance checks in the background by verifying the VAT and CBE (KBO) numbers of your trading partners. This shields your business from ghost invoices and ensures your administration complies with strict regulations without you having to lift a finger.",{"type":61,"attrs":1770,"content":1771},{"level":63,"textAlign":64},[1772],{"text":1773,"type":68},"Tip 5: Link your bank account for direct reconciliation",{"type":53,"attrs":1775,"content":1776},{"textAlign":64},[1777],{"text":1778,"type":68},"True administrative peace of mind happens when your invoicing hub connects directly to your financial accounts. This allows incoming and outgoing transactions to match up against open bills automatically. It gives you a crystal-clear, real-time overview of your working capital while running your payment reminder loops on autopilot.",{"type":53,"attrs":1780},{"textAlign":64},{"type":61,"attrs":1782,"content":1783},{"level":684,"textAlign":64},[1784],{"text":1785,"type":68},"Conclusion: Choosing efficiency over simple compliance",{"type":53,"attrs":1787,"content":1788},{"textAlign":64},[1789],{"text":1790,"type":68},"The market has evolved, and structured e-invoicing via Peppol is here to stay. However, the software infrastructure you build around it dictates whether it acts as an operational bottleneck or an efficiency driver for your company. Businesses clinging to basic, disconnected tools will continue to burn valuable hours on manual corrections.",{"type":53,"attrs":1792,"content":1793},{"textAlign":64},[1794],{"text":1795,"type":68},"Navigating this landscape with an integrated ecosystem allows you to unlock the real rewards of the mandate: less paperwork, faster payments, solid fraud security, and a seamless workflow. It requires an intentional choice in your digital tooling, but it pays back immediate dividends in the exact currency e-invoicing promised from day one: time.",{"type":53,"attrs":1797,"content":1798},{"textAlign":64},[1799],{"text":1800,"type":68},"At Banqup, we believe that your time is best spent on what you do best: running and growing your business. Financial administration should support you, not slow you down. That is exactly why we designed our platform with these essential integrations in mind. By acting as the seamless bridge between your daily workflows, your accountant, and the Peppol network, Banqup takes care of the backend complexity so you can look forward to an administration that practically runs itself.",{"_uid":1802,"align":1330,"image":1803,"theme":542,"buttons":1805,"columns":555,"heading":1817,"padding":1334,"tagline":8,"component":1335,"variation":1818,"background":1819,"headingTag":1820,"description":1821,"invertTextColor":17},"7998de9e-a1e2-49c9-a904-550cd2adb13f",{"id":64,"alt":64,"name":8,"focus":64,"title":64,"source":64,"filename":8,"copyright":64,"fieldtype":15,"meta_data":1804},{},[1806,1811],{"_uid":1807,"link":1808,"size":8,"title":1810,"variant":8,"component":571,"arrowRight":17},"b06c89d4-e3eb-4db4-819f-67bfedb7e79e",{"id":1089,"url":8,"target":569,"linktype":111,"fieldtype":20,"cached_url":1090,"story":1809},{"name":1092,"id":1093,"uuid":1089,"slug":1094,"url":1090,"full_slug":1090,"_stopResolving":55},"Explore our features",{"_uid":1812,"link":1813,"size":8,"title":1816,"variant":8,"component":571},"5a19219e-3cf1-46d3-8097-06fa064b83ed",{"id":1814,"url":8,"target":569,"linktype":111,"fieldtype":20,"cached_url":1815},"5ec4f8a8-cb0a-46e7-b73a-519e75510a2d","home","Start with Banqup","From burden to advantage","inside-grid","primary-50","h2",{"type":50,"content":1822},[1823],{"type":53,"attrs":1824,"content":1825},{"textAlign":64},[1826],{"text":1827,"type":68},"Ready to transform your business administration? Turn this legal obligation into a streamlined operational advantage today.",{"_uid":1829,"theme":8,"buttons":1830,"heading":1831,"tagline":8,"component":1832,"questions":1833,"background":48,"spacingTop":8,"description":1899,"spacingBottom":8,"hideBackgroundShapes":17},"b8fad7dd-5a42-48f6-b5b8-5ec9598840c9",[],"FAQs","faq",[1834,1845,1868],{"_uid":1835,"title":1836,"answer":1837,"component":1844},"3f50e753-063a-48bc-bccc-d36ee86830bd","What are the most common difficulties and biggest challenges with Peppol implementation in Belgium? ",{"type":50,"content":1838},[1839],{"type":53,"attrs":1840,"content":1841},{"textAlign":64},[1842],{"text":1843,"type":68},"The main friction points are disconnected software systems (tools that don't talk to each other) and the risk of overlooked bills, as e-invoices land directly inside software rather than an email inbox. 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It means that digital signatures, seals, and the certificates that power them can all originate from a single, regulated, and EU-recognised source.",[2066],{"type":1352,"attrs":2067},{"color":2059},{"type":53,"attrs":2069},{"textAlign":64},{"type":61,"attrs":2071,"content":2072},{"level":684,"textAlign":64},[2073],{"text":2074,"type":68,"marks":2075},"What being a QTSP actually means",[2076],{"type":71},{"type":53,"attrs":2078,"content":2079},{"textAlign":64},[2080],{"text":2081,"type":68},"The eIDAS regulation creates a clear legal framework for electronic transactions across all EU member states. At the top of that framework sit Qualified Trust Service Providers, organisations that have undergone independent conformity assessments and been formally recognised by their national supervisory authority.",{"type":53,"attrs":2083,"content":2084},{"textAlign":64},[2085],{"text":2086,"type":68},"In Belgium, that authority is the FPS Economy. 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The sealing key stays in Banqup's managed HSM, and every operation is controlled by the organisation.",[2159],{"type":1352,"attrs":2160},{"color":2059},{"type":53,"attrs":2162},{"textAlign":64},{"type":61,"attrs":2164,"content":2165},{"level":684,"textAlign":64},[2166],{"text":2167,"type":68},"Why it matters for businesses using Banqup",{"type":53,"attrs":2169,"content":2170},{"textAlign":64},[2171],{"text":2172,"type":68},"If you use Banqup to send e-invoices, manage documents, or handle payments, trust is already built into what you do. The QTSP certification makes that trust official and legally recognised across the EU. ",{"type":53,"attrs":2174,"content":2175},{"textAlign":64},[2176],{"text":2177,"type":68},"This means the qualified infrastructure is already part of the platform you use. 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The report also introduces, for the first time, an assessment of the ",{"text":3057,"type":68,"marks":3058},"VAT policy gap",[3059],{"type":71},{"text":3061,"type":68},", the revenue foregone due to reduced rates and exemptions, providing a more comprehensive understanding of total VAT losses across EU Member States. ",{"type":61,"attrs":3063,"content":3064},{"level":132,"textAlign":64},[3065],{"text":3066,"type":68,"marks":3067},"What is the VAT gap?",[3068],{"type":71},{"type":53,"attrs":3070,"content":3071},{"textAlign":64},[3072],{"text":3073,"type":68},"The VAT gap is the difference between the VAT submitted and the VAT collected. The difference is caused by a number of factors - the main one being tax fraud. Fraudulent invoices are submitted to the tax authority, in order to claim VAT that does not exist.",{"type":53,"attrs":3075,"content":3076},{"textAlign":64},[3077],{"text":3078,"type":68},"VAT gap estimates are crucial for revealing the extent and nature of lost VAT revenue due to non-compliance and rule design. They offer valuable insights for informed policy decisions and improvements to tax administration, shedding light on strategies to enhance VAT collection efficiency.",{"type":53,"attrs":3080,"content":3081},{"textAlign":64},[3082],{"text":3083,"type":68},"The VAT gap exists all over the globe, and is currently an issue for many European Member States who have VAT gaps into the millions, and in some cases billions, of Euros.",{"type":53,"attrs":3085,"content":3086},{"textAlign":64},[3087,3089,3096],{"text":3088,"type":68},"Any loss in VAT causes a big impact on national budgets. In 2021, the contribution of VAT accounted for approximately 27% of the total yearly tax receipts for the general government in the EU",{"text":3090,"type":68,"marks":3091},"²",[3092,3095],{"type":105,"attrs":3093},{"href":3094,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://taxation-customs.ec.europa.eu/taxation-1/value-added-tax-vat/vat-gap_en",{"type":1387},{"text":3097,"type":68},". Countries and their tax authorities cannot plan their spend on public services if the VAT they are expecting does not equate to the VAT they receive.",{"type":53,"attrs":3099,"content":3100},{"textAlign":64},[3101],{"text":3102,"type":68},"This is why many countries are putting in a lot of time and effort to ensure they close their VAT gap.",{"type":53,"attrs":3104,"content":3105},{"textAlign":64},[3106],{"text":3107,"type":68},"In the most recent editions of the European Commission’s VAT Gap analysis, the concept of the VAT gap has been further refined by clearly distinguishing between two components.",{"type":53,"attrs":3109,"content":3110},{"textAlign":64},[3111],{"text":3112,"type":68},"The VAT compliance gap refers to revenue losses resulting from non-compliance with VAT rules, including fraud, evasion, insolvency and administrative errors.",{"type":53,"attrs":3114,"content":3115},{"textAlign":64},[3116],{"text":3117,"type":68},"In parallel, the Commission now also estimates the VAT policy gap, which measures the revenue foregone as a result of policy choices such as reduced VAT rates, exemptions and special regimes, compared to a hypothetical “ideal” VAT system applying a uniform rate with no exemptions.",{"type":53,"attrs":3119,"content":3120},{"textAlign":64},[3121],{"text":3122,"type":68},"This distinction makes it possible to separate revenue losses linked to enforcement and compliance issues from those arising from deliberate tax policy design.",{"type":61,"attrs":3124,"content":3125},{"level":132,"textAlign":64},[3126],{"text":3127,"type":68,"marks":3128},"History of the EU VAT gap report",[3129],{"type":71},{"type":53,"attrs":3131,"content":3132},{"textAlign":64},[3133],{"text":3134,"type":68},"Each report analyses the VAT gap using data from two years before its publication, as the necessary data for a comprehensive report on the previous year is not available when the report is released.",{"type":53,"attrs":3136,"content":3137},{"textAlign":64},[3138],{"text":3139,"type":68},"Therefore, the first report, published in 2009, examined the VAT gap in 25 EU Member States for the year 2007. The next report was in 2014, and thus every year since.",{"type":53,"attrs":3141,"content":3142},{"textAlign":64},[3143],{"text":3144,"type":68},"The report provides a breakdown of each Member State's VAT gap in both monetary terms and as a percentage of lost VAT revenue relative to the total VAT claimed by the Member State. These two sets of figures are crucial; the monetary value reveals the actual amount of VAT lost, which is crucial to overall EU figures. While the percentage illustrates each country's proportionate representation of how much VAT they expect to receive.",{"type":61,"attrs":3146,"content":3147},{"level":132,"textAlign":64},[3148],{"text":3149,"type":68,"marks":3150},"Key findings from the VAT gap report 2025 (data for 2023)",[3151],{"type":71},{"type":53,"attrs":3153,"content":3154},{"textAlign":64},[3155],{"text":3156,"type":68},"According to the European Commission’s VAT Gap report 2025, the estimated VAT compliance gap in the European Union for the year 2023 amounted to approximately €128 billion, corresponding to around 9.5% of total VAT liability.",{"type":53,"attrs":3158,"content":3159},{"textAlign":64},[3160],{"text":3161,"type":68},"This figure represents the difference between the VAT that should have been collected under full compliance and the VAT actually received by tax authorities across the EU.",{"type":53,"attrs":3163,"content":3164},{"textAlign":64},[3165],{"text":3166,"type":68},"The report highlights that, after several years of declining VAT gaps, the 2023 estimates indicate a reversal of the downward trend observed during the pandemic period, reflecting renewed compliance and enforcement challenges in a changing economic environment.",{"type":61,"attrs":3168,"content":3169},{"level":132,"textAlign":64},[3170],{"text":3171,"type":68,"marks":3172},"Which countries have made notable changes?",[3173],{"type":71},{"type":53,"attrs":3175,"content":3176},{"textAlign":64},[3177,3179,3186,3188,3192],{"text":3178,"type":68},"The ",{"text":3180,"type":68,"marks":3181},"VAT gap report 2025",[3182,3184,3185],{"type":105,"attrs":3183},{"href":3040,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"type":71},{"type":1387},{"text":3187,"type":68}," reveals significant differences in VAT compliance levels across EU Member States in ",{"text":3189,"type":68,"marks":3190},"2023",[3191],{"type":71},{"text":3193,"type":68},", highlighting both persistent challenges and strong performers.",{"type":53,"attrs":3195,"content":3196},{"textAlign":64},[3197,3205,3207,3211,3213,3217,3219,3223],{"text":3198,"type":68,"marks":3199},"Romania",[3200,3203,3204],{"type":105,"attrs":3201},{"href":3202,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/compliance-pulse/romania",{"type":71},{"type":1387},{"text":3206,"type":68}," recorded the highest VAT compliance gap in relative terms, with an estimated ",{"text":3208,"type":68,"marks":3209},"30.0%",[3210],{"type":71},{"text":3212,"type":68}," of VAT liability not collected. ",{"text":3214,"type":68,"marks":3215},"Malta",[3216],{"type":71},{"text":3218,"type":68}," followed with a compliance gap of approximately ",{"text":3220,"type":68,"marks":3221},"24.2%",[3222],{"type":71},{"text":3224,"type":68},", indicating continued structural and administrative challenges.",{"type":53,"attrs":3226,"content":3227},{"textAlign":64},[3228,3230,3238,3240,3244],{"text":3229,"type":68},"Several Member States reported compliance gaps above the EU average, including ",{"text":3231,"type":68,"marks":3232},"Poland",[3233,3236,3237],{"type":105,"attrs":3234},{"href":3235,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/blog/poland-s-ksef-2-0-the-official-e-invoicing-mandate",{"type":71},{"type":1387},{"text":3239,"type":68},", where the VAT compliance gap was estimated at around ",{"text":3241,"type":68,"marks":3242},"16.0%",[3243],{"type":71},{"text":3245,"type":68}," of total VAT liability.",{"type":53,"attrs":3247,"content":3248},{"textAlign":64},[3249,3251,3259,3261,3265,3267,3275,3277,3281],{"text":3250,"type":68},"In contrast, a group of countries achieved particularly low VAT compliance gaps in 2023. ",{"text":3252,"type":68,"marks":3253},"Austria",[3254,3257,3258],{"type":105,"attrs":3255},{"href":3256,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/compliance-pulse/austria",{"type":71},{"type":1387},{"text":3260,"type":68}," recorded the lowest estimated gap at approximately ",{"text":3262,"type":68,"marks":3263},"1.0%",[3264],{"type":71},{"text":3266,"type":68},", followed by ",{"text":3268,"type":68,"marks":3269},"Finland",[3270,3273,3274],{"type":105,"attrs":3271},{"href":3272,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/compliance-pulse/finland",{"type":71},{"type":1387},{"text":3276,"type":68}," at around ",{"text":3278,"type":68,"marks":3279},"3.0%",[3280],{"type":71},{"text":3282,"type":68},", reflecting high levels of compliance and effective tax administration.",{"type":53,"attrs":3284,"content":3285},{"textAlign":64},[3286],{"text":3287,"type":68},"These results underline the uneven distribution of VAT compliance performance across the EU and demonstrate that, while some Member States maintain very high collection efficiency, others continue to face significant challenges in closing their VAT compliance gaps.",{"type":61,"attrs":3289,"content":3290},{"level":132,"textAlign":64},[3291],{"text":3292,"type":68,"marks":3293},"Understanding the VAT policy gap",[3294],{"type":71},{"type":53,"attrs":3296,"content":3297},{"textAlign":64},[3298],{"text":3299,"type":68},"In addition to the VAT compliance gap, the European Commission now also analyses the VAT policy gap, which captures the impact of tax policy choices on potential VAT revenue.",{"type":53,"attrs":3301,"content":3302},{"textAlign":64},[3303],{"text":3304,"type":68},"The VAT policy gap measures the difference between the VAT that would be collected under a hypothetical “ideal” VAT system, applying a uniform rate to all final consumption with no exemptions and the VAT that is actually expected to be collected under the current VAT rules in force.",{"type":53,"attrs":3306,"content":3307},{"textAlign":64},[3308,3310,3314],{"text":3309,"type":68},"According to the ",{"text":3180,"type":68,"marks":3311},[3312],{"type":105,"attrs":3313},{"href":3040,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"text":3315,"type":68},", the VAT policy gap in the European Union was estimated at 50.5% in 2023. This indicates that more than half of the potential VAT revenue is foregone due to reduced rates, exemptions and other policy-driven deviations from the ideal VAT system.",{"type":53,"attrs":3317,"content":3318},{"textAlign":64},[3319],{"text":3320,"type":68},"Unlike the VAT compliance gap, the policy gap does not reflect fraud or enforcement failures, but rather the revenue impact of deliberate legislative and policy decisions made by governments.",{"type":61,"attrs":3322,"content":3323},{"level":132,"textAlign":64},[3324],{"text":3325,"type":68,"marks":3326},"Extension of VAT gap analysis to EU candidate countries",[3327],{"type":71},{"type":53,"attrs":3329,"content":3330},{"textAlign":64},[3331],{"text":3332,"type":68},"For the first time, the European Commission’s VAT gap analysis has been extended beyond EU Member States to include selected EU candidates and potential candidate countries. This methodological expansion aims to provide a broader comparative perspective on VAT compliance levels and administrative effectiveness.",{"type":53,"attrs":3334,"content":3335},{"textAlign":64},[3336,3338,3345],{"text":3337,"type":68},"Based on the 2025 report’s estimates for 2023, the VAT compliance gap was assessed at approximately 5.4% in Georgia, 8.1% in Kosovo, and 24.6% in ",{"text":3339,"type":68,"marks":3340},"Albania",[3341,3344],{"type":105,"attrs":3342},{"href":3343,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/compliance-pulse/albania",{"type":1387},{"text":767,"type":68},{"type":53,"attrs":3347,"content":3348},{"textAlign":64},[3349],{"text":3350,"type":68},"While these figures are not directly comparable to those of EU Member States due to differences in tax systems and data availability, their inclusion marks an important step towards greater transparency and alignment in VAT gap measurement across Europe.",{"type":61,"attrs":3352,"content":3353},{"level":132,"textAlign":64},[3354],{"text":3355,"type":68,"marks":3356},"What are Member States doing to decrease their VAT gap?",[3357],{"type":71},{"type":53,"attrs":3359,"content":3360},{"textAlign":64},[3361],{"text":3362,"type":68},"Together with different tax incentives (i.e. reduced tax rates), many countries have either initiated, or are initiating, mandatory electronic invoicing or electronic reporting. Mandatory e-invoicing or e-reporting can help close the VAT gap when guided by the right procedures.",{"type":61,"attrs":3364,"content":3366},{"level":3365,"textAlign":64},5,[3367],{"text":3368,"type":68,"marks":3369},"Electronic invoicing",[3370],{"type":71},{"type":53,"attrs":3372,"content":3373},{"textAlign":64},[3374],{"text":3375,"type":68},"Firstly, an electronic invoice created in a structured electronic format reduces errors and inconsistencies that paper invoices may possess.",{"type":53,"attrs":3377,"content":3378},{"textAlign":64},[3379],{"text":3380,"type":68},"Accurate invoicing is pivotal in ensuring precise VAT calculations. The implementation of e-reporting empowers tax authorities to more accurately assess VAT information, monitor economic performance and trends, and identify discrepancies, errors, and fraud at an early stage. While an e-reporting requirement is often associated with an e-invoicing mandate, it can also function independently.",{"type":53,"attrs":3382,"content":3383},{"textAlign":64},[3384],{"text":3385,"type":68},"Romania, despite sharing similarities with other Member States in the macroeconomics situation and other fiscal measures, did not have a noticeable impact on the development of the VAT compliance gap. Until 2022, Romanian VAT payers were not obligated to report transactional data, a contrast to Latvia, Hungary, Poland and Slovakia. This absence likely impacted tax enforcement effectiveness adversely. In addition the country is rolling out a large-scale e-reporting and e-invoicing mandate commencing on the 1st of January 2024.",{"type":61,"attrs":3387,"content":3388},{"level":3365,"textAlign":64},[3389],{"text":3390,"type":68,"marks":3391},"Government platforms",[3392],{"type":71},{"type":53,"attrs":3394,"content":3395},{"textAlign":64},[3396,3398,3405],{"text":3397,"type":68},"Secondly, many tax authorities have introduced a government platform within their e-invoicing regulations. Each country’s platform and ",{"text":3399,"type":68,"marks":3400},"regulation model",[3401,3404],{"type":105,"attrs":3402},{"href":3403,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.unifiedpostgroup.com/webinars/tax-compliance-models-in-practice",{"type":1387},{"text":3406,"type":68}," performs differently, but essentially their core objective remains the same - preventing the circulation of fake, or fraudulent, invoices.",{"type":53,"attrs":3408,"content":3409},{"textAlign":64},[3410],{"text":3411,"type":68},"Some countries, such as Turkey and Italy, require the invoice to be cleared by the government platform before reaching the recipient. Whereas some countries, like France in the near future, require the e-invoice service provider to “feed” the invoice information directly to the tax authority’s platform on behalf of the customer.",{"type":53,"attrs":3413,"content":3414},{"textAlign":64},[3415],{"text":3416,"type":68},"Whichever model adopted by a country, all models work toward the common goal of mitigating VAT fraud and illegitimate VAT claims - thus helping to close the VAT gap.",{"type":61,"attrs":3418,"content":3419},{"level":3365,"textAlign":64},[3420],{"text":3421,"type":68,"marks":3422},"Additional insights from the mind the gap 2025 report",[3423],{"type":71},{"type":53,"attrs":3425,"content":3426},{"textAlign":64},[3427],{"text":3428,"type":68},"In addition to measures such as mandatory e-invoicing and e-reporting, the Mind the Gap 2025 report outlines several actions recommended to reduce tax gaps across EU Member States:",{"type":91,"content":3430},[3431,3438,3445,3452,3459,3466],{"type":94,"content":3432},[3433],{"type":53,"attrs":3434,"content":3435},{"textAlign":64},[3436],{"text":3437,"type":68},"“Build Estimation Capacity: strengthen tax administrations with skilled teams and robust data systems to enable regular tax gap estimates across tax types.”",{"type":94,"content":3439},[3440],{"type":53,"attrs":3441,"content":3442},{"textAlign":64},[3443],{"text":3444,"type":68},"“Review Past Policy Choices: monitor, evaluate and report tax policy-induced gaps, such as tax reliefs or concessions, to ensure they serve their purpose and deliver value for money.”",{"type":94,"content":3446},[3447],{"type":53,"attrs":3448,"content":3449},{"textAlign":64},[3450],{"text":3451,"type":68},"“Systematic Reporting and Evaluation: implement regular tax gap reporting to build public trust and guide targeted strategies.”",{"type":94,"content":3453},[3454],{"type":53,"attrs":3455,"content":3456},{"textAlign":64},[3457],{"text":3458,"type":68},"“Adopt Common Frameworks: harmonise methodologies for tax gap estimation among Member States to ensure consistency and comparability across the EU.”",{"type":94,"content":3460},[3461],{"type":53,"attrs":3462,"content":3463},{"textAlign":64},[3464],{"text":3465,"type":68},"“Invest in Tax Collection and Recovery: automate, digitise, and integrate IT systems; link with other stakeholders to improve tax collection and recovery of overdue taxes, including disputed debts.”",{"type":94,"content":3467},[3468],{"type":53,"attrs":3469,"content":3470},{"textAlign":64},[3471],{"text":3472,"type":68},"“Leverage Digitalisation and Cooperation: accelerate digitalisation (e.g., AI) and international cooperation (e.g., DAC 1–9) to enhance compliance. Reforms such as VAT in the Digital Age (ViDA) support e-invoicing, real-time reporting, and cross-border data matching.”",{"type":53,"attrs":3474,"content":3475},{"textAlign":64},[3476],{"text":3477,"type":68},"These policy-oriented actions complement digitalisation efforts such as mandatory e-invoicing, helping to address both the compliance gap and indirectly the policy gap, and supporting more effective VAT collection across the EU.",{"type":61,"attrs":3479,"content":3480},{"level":132,"textAlign":64},[3481],{"text":3482,"type":68,"marks":3483},"Which countries have already introduced mandatory electronic invoicing?",[3484],{"type":71},{"type":53,"attrs":3486,"content":3487},{"textAlign":64},[3488],{"text":3489,"type":68},"Many countries around the globe, from Mexico to Australia to Japan to Serbia, have already implemented mandatory electronic invoicing processes.",{"type":53,"attrs":3491,"content":3492},{"textAlign":64},[3493],{"text":3494,"type":68},"More and more European countries are announcing their e-invoicing intentions - B2G e-invoicing is becoming the norm and B2B e-invoicing is on the horizon.",{"type":53,"attrs":3496,"content":3497},{"textAlign":64},[3498],{"text":3499,"type":68},"Italy and Serbia already have B2B regulations in place. In 2024, Romania, Poland and Spain will begin their B2B mandates. The trend will continue into Latvia, Germany, France and Belgium, all of whom have already announced similar intentions.",{"type":61,"attrs":3501,"content":3502},{"level":132,"textAlign":64},[3503],{"text":3504,"type":68,"marks":3505},"Staying up to date",[3506],{"type":71},{"type":53,"attrs":3508,"content":3509},{"textAlign":64},[3510],{"text":3511,"type":68},"Keeping up to date with the VAT gap is one challenge, but staying up to date with the mandatory regulations can be more difficult.",{"type":53,"attrs":3513,"content":3514},{"textAlign":64},[3515],{"text":3516,"type":68},"With Banqup Group, you can rest easy knowing our team of e-invoicing and e-reporting experts are doing the work for you. We update our tax compliance and e-invoicing guide on a regular basis, and ensure our customers have the most up to date compliance information and processes they need.",{"type":53,"attrs":3518,"content":3519},{"textAlign":64},[3520,3522,3528],{"text":3521,"type":68},"Stay up to date with the latest VAT compliance insights and regulations by subscribing to our monthly tax compliance newsletter and following us on ",{"text":3523,"type":68,"marks":3524},"LinkedIn",[3525,3527],{"type":105,"attrs":3526},{"href":2838,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"type":1387},{"text":767,"type":68},{"type":53,"attrs":3530,"content":3531},{"textAlign":64},[3532,3534,3538,3540,3544,3546,3550],{"text":3533,"type":68},"For detailed information, the ",{"text":3535,"type":68,"marks":3536},"European Commission’s VAT gap report 2025",[3537],{"type":71},{"text":3539,"type":68}," provides a comprehensive analysis of the ",{"text":3541,"type":68,"marks":3542},"compliance gap, policy gap",[3543],{"type":71},{"text":3545,"type":68},", and the first-time coverage of ",{"text":3547,"type":68,"marks":3548},"EU candidate countries",[3549],{"type":71},{"text":3551,"type":68},". The report includes full country breakdowns, methodology notes, and key recommendations for reducing VAT gaps.",{"type":53,"attrs":3553,"content":3554},{"textAlign":64},[3555,3557,3562],{"text":3556,"type":68},"You can access the full report, an executive summary, and a factsheet here:",{"text":1458,"type":68,"marks":3558},[3559],{"type":105,"attrs":3560},{"href":3561,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://taxation-customs.ec.europa.eu/taxation/vat/fight-against-vat-fraud/mind-gap-report_en?utm_source=chatgpt.com",{"text":3563,"type":68,"marks":3564},"Mind the Gap Report 2025",[3565,3567],{"type":105,"attrs":3566},{"href":3561,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"type":1387},{"_uid":3569,"cards":3570,"buttons":14646,"heading":1531,"tagline":8,"component":1532,"background":48,"description":14647},"b16a0790-bd5b-4123-82c8-f1d425c57c3f",[3571,8283,10697,11710],{"name":3572,"created_at":3573,"published_at":3574,"updated_at":3575,"id":3576,"uuid":3577,"content":3578,"slug":8269,"full_slug":8270,"sort_by_date":8271,"position":8272,"tag_list":8273,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":8274,"first_published_at":8275,"release_id":64,"lang":48,"path":64,"alternates":8276,"default_full_slug":8270,"translated_slugs":8277,"_stopResolving":55},"VAT in the Digital Age (ViDA) update","2025-09-03T09:52:13.579Z","2026-07-24T15:30:22.314Z","2026-07-24T15:30:22.341Z",86849673579510,"ed7d3736-1d7a-4a44-82eb-fefad9edfd6a",{"seo":3579,"_uid":3583,"body":3584,"image":8254,"theme":8,"title":3572,"author":8258,"related":8259,"summary":8260,"category":8267,"component":1996,"createdOn":8,"description":8266,"relatedCountries":8268,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":3580,"title":3581,"plugin":34,"description":3582},"f3494fc7-8ab1-4949-8f41-7adcc531b320","VAT in the Digital Age Update | Blog - Banqup","On the 14th of May the Economic and Financial Affairs Council (ECOFIN) discussed the ViDA package, which was recently amended by the European Commission.","b446f050-9bf5-41f5-9d99-efe6eb51fd27",[3585,3595,3746],{"_uid":3586,"align":8,"image":3587,"buttons":3591,"heading":3572,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":3592,"invertTextColor":55},"09af6f82-15f0-4915-9587-d93a3be7dd9e",{"id":3588,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":3589,"copyright":8,"fieldtype":15,"meta_data":3590,"is_external_url":17},94960891033890,"https://a.storyblok.com/f/318078/1925x510/96064e93ce/vat-in-the-digital-age-vida-update.png",{},[],{"type":50,"content":3593},[3594],{"type":53},{"_uid":3596,"text":3597,"component":505,"background":48},"198eaa51-688b-42c8-b4f9-07bee1bebc0e",{"type":50,"content":3598},[3599,3613,3618,3631,3635,3640,3644,3650,3664,3669,3694,3699,3704,3709,3713,3718,3723,3728,3733,3737,3741],{"type":53,"attrs":3600,"content":3601},{"textAlign":64},[3602,3604,3611],{"text":3603,"type":68},"VAT in the Digital Age package (",{"text":2972,"type":68,"marks":3605},[3606],{"type":105,"attrs":3607},{"href":3608,"uuid":3609,"anchor":64,"custom":3610,"target":110,"linktype":111},"/resources/blog/vat-in-the-digital-age","90066922-30dc-4834-94b3-761622eb0982",{},{"text":3612,"type":68},"), which was recently amended by the European Commission, is a constant item on the agenda of the Economic and Financial Affairs Council (ECOFIN). However, the Council continues to struggle with reaching an agreement on one component of the package: the deemed supplier regime under the Platform Economy pillar.",{"type":53,"attrs":3614,"content":3615},{"textAlign":64},[3616],{"text":3617,"type":68},"The revised version incorporates a compromise of various perspectives, which makes big amendments to certain sections, including the roll-out of the proposed timeline. Even though the package was not approved, the countries in Presidency are committed to closing the case and approving the package.",{"type":53,"attrs":3619,"content":3620},{"textAlign":64},[3621,3623,3629],{"text":3622,"type":68},"VAT in the Digital Age was first ",{"text":3624,"type":68,"marks":3625},"announced",[3626],{"type":105,"attrs":3627},{"href":3608,"uuid":3609,"anchor":64,"custom":3628,"target":110,"linktype":111},{},{"text":3630,"type":68}," on the 8th of December 2022, in the VAT Directive 2006/112/EC and since then it has been actively discussed and disputed among the European Member States.",{"type":53,"attrs":3632,"content":3633},{"textAlign":64},[3634],{"text":155,"type":68},{"type":61,"attrs":3636,"content":3637},{"level":3365,"textAlign":64},[3638],{"text":3639,"type":68},"Digital reporting requirements: What is it in scope and from when?",{"type":53,"attrs":3641,"content":3642},{"textAlign":64},[3643],{"text":155,"type":68},{"type":61,"attrs":3645,"content":3647},{"level":3646,"textAlign":64},6,[3648],{"text":3649,"type":68},"Mandatory intra-community electronic invoicing",{"type":53,"attrs":3651,"content":3652},{"textAlign":64},[3653,3655,3662],{"text":3654,"type":68},"‍Electronic invoicing (",{"text":3656,"type":68,"marks":3657},"e-invoicing",[3658],{"type":105,"attrs":3659},{"href":3660,"uuid":64,"anchor":64,"custom":3661,"target":110,"linktype":19},"https://www.banqup.com/resources/blog/what-is-electronic-invoicing",{},{"text":3663,"type":68},") should become the standard method for issuing invoices in intra-community trades complying to the European standard for e-invoicing (EN 16931) from the 1st of July 2030.",{"type":53,"attrs":3665,"content":3666},{"textAlign":64},[3667],{"text":3668,"type":68},"‍In the new version of the proposal - opposite to the initial proposal - it is explicitly stated that Member States are allowed to deviate from this requirement in case of mandating e-invoicing for domestic transactions - essentially, they are allowed to use other standards.",{"type":53,"attrs":3670,"content":3671},{"textAlign":64},[3672,3674,3682,3684,3692],{"text":3673,"type":68},"‍Following the amendment of the e-invoice definition in the VAT Directive, the hybrid formats, such as the ",{"text":3675,"type":68,"marks":3676},"French",[3677],{"type":105,"attrs":3678},{"href":3679,"uuid":3680,"anchor":64,"custom":3681,"target":110,"linktype":111},"/resources/compliance-pulse/france","e60cd8a5-ac21-42fa-8e98-2cdae4e182d5",{},{"text":3683,"type":68}," Factur X and the ",{"text":3685,"type":68,"marks":3686},"German",[3687],{"type":105,"attrs":3688},{"href":3689,"uuid":3690,"anchor":64,"custom":3691,"target":110,"linktype":111},"/resources/compliance-pulse/germany","dacba37f-025b-4159-83cf-e71aced579f6",{},{"text":3693,"type":68}," ZUGFeRD, may be used provided they contain all the necessary information in a structured format.",{"type":53,"attrs":3695,"content":3696},{"textAlign":64},[3697],{"text":3698,"type":68},"‍While in the initial ViDA proposal the issuance time of intra-community invoices was set to 2 days after the chargeable event, now this deadline has been increased to 10 days. Nevertheless, this amendment is still significantly shorter than the one in place today - 15 days after the end of the month following the chargeable event.",{"type":53,"attrs":3700,"content":3701},{"textAlign":64},[3702],{"text":3703,"type":68},"‍Optionally, Member States may impose an e-invoicing obligation for domestic transactions and remove the buyer right for acceptance, without the need of obtaining a derogation from the VAT Directive 2006/112/EC from the European Commission. This condition enters into force with effect from the entry into force of ViDA.",{"type":53,"attrs":3705,"content":3706},{"textAlign":64},[3707],{"text":3708,"type":68},"‍Member States are also given the freedom to apply accreditation schemes for taxpayers required to issue the invoice, to a third-party service provider doing that on their behalf, or to both.",{"type":53,"attrs":3710,"content":3711},{"textAlign":64},[3712],{"text":155,"type":68},{"type":61,"attrs":3714,"content":3715},{"level":3365,"textAlign":64},[3716],{"text":3717,"type":68},"Mandatory business-to-business intra-community digital reporting requirement",{"type":53,"attrs":3719,"content":3720},{"textAlign":64},[3721],{"text":3722,"type":68},"According to the latest amendment, from the 1st of July 2030 all businesses must digitally report their intra-community business-to-business (B2B) transactions to their local tax authorities. In order to avoid defragmentation, European-wide digital reporting requirements will be established, including the reported set of data. Tax administrations will need to receive real-time transaction-by-transaction data, facilitating data cross-matching.",{"type":53,"attrs":3724,"content":3725},{"textAlign":64},[3726],{"text":3727,"type":68},"Another clause states that Member States should provide the necessary tools to assist taxable persons in transmitting invoice data to their tax administration. These tools should enable the data to be sent either directly by the taxable person, by a third party on their behalf, or through an available public portal.",{"type":53,"attrs":3729,"content":3730},{"textAlign":64},[3731],{"text":3732,"type":68},"However, there is no provision of how invoices will be reported to the tax authorities, so this gives a certain freedom for Member States to decide and implement their solutions. Nevertheless, Member States with existing mandatory electronic -reporting systems in place will need to align their reporting requirements to the pan-European requirement by the 1st of January 2035.",{"type":53,"attrs":3734,"content":3735},{"textAlign":64},[3736],{"text":155,"type":68},{"type":61,"attrs":3738,"content":3739},{"level":3365,"textAlign":64},[3740],{"text":3504,"type":68},{"type":53,"attrs":3742,"content":3743},{"textAlign":64},[3744],{"text":3745,"type":68},"‍As ViDA develops, we at Banqup, will update our customers and partners on any new information or regulations.",{"_uid":3747,"cards":3748,"buttons":8250,"heading":1531,"tagline":8,"component":1532,"background":48,"description":8251},"14d2c9ab-5193-4bcd-ad5b-b433c12be995",[3749,6834,7847],{"name":3750,"created_at":3751,"published_at":3752,"updated_at":3753,"id":3754,"uuid":3755,"content":3756,"slug":6818,"full_slug":6819,"sort_by_date":6820,"position":6821,"tag_list":6822,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":6823,"first_published_at":6824,"release_id":64,"lang":48,"path":64,"alternates":6825,"default_full_slug":6819,"translated_slugs":6826,"_stopResolving":55},"Navigating VAT in the Digital Age (ViDA): What businesses need to know","2025-09-02T10:06:49.660Z","2026-07-27T13:23:33.239Z","2026-07-27T13:23:33.280Z",86499367628280,"e9dceda6-1d13-4d2e-b158-724ad4cc07f6",{"seo":3757,"_uid":3761,"body":3762,"image":6801,"theme":8,"title":3750,"author":6805,"related":6806,"summary":6807,"category":6814,"component":1996,"createdOn":8,"description":6813,"relatedCountries":6815,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":3758,"title":3759,"plugin":34,"description":3760},"a5ab1a65-55c6-454f-9d4a-a39e2847b4ed","EU Reaches Agreement on VAT in the Digital Age (ViDA) | Blog - Banqup","The EU's agreement on VAT in the Digital Age (ViDA) ushers in new digital tax reforms, including mandatory e-invoicing and B2B reporting by 2030.","0c62ee52-a4eb-4e83-9706-1ac13760122d",[3763,3774,4708,4741],{"_uid":3764,"align":8,"image":3765,"buttons":3769,"columns":8,"heading":3770,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":3771,"invertTextColor":55},"899d44ef-4c92-4cbe-8cad-6156467d6198",{"id":3766,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":3767,"copyright":8,"fieldtype":15,"meta_data":3768,"is_external_url":17},101371748319290,"https://a.storyblok.com/f/318078/1925x510/422a52cdff/vat-in-the-digital-age-1.png",{},[],"VAT in the Digital Age agreement reached - a milestone in the EU tax digitalisation",{"type":50,"content":3772},[3773],{"type":53},{"_uid":3775,"text":3776,"component":505,"background":48},"631a983f-4fcf-497b-b9a4-117ba8b8ef02",{"type":50,"content":3777},[3778,3789,3836,3845,3853,3861,3866,3879,3884,3968,3973,3982,4004,4054,4075,4098,4106,4114,4123,4131,4140,4148,4156,4175,4183,4202,4235,4243,4251,4259,4289,4297,4306,4314,4364,4375,4384,4402,4410,4440,4448,4457,4476,4495,4514,4524,4533,4541,4550,4616,4624,4633,4641,4650,4658,4667,4675,4683,4692,4700],{"type":53,"attrs":3779,"content":3780},{"textAlign":64},[3781],{"text":3782,"type":68,"marks":3783},"This article was last updated on 15 July 2026 to reflect the publication of the EU Commission's minutes from the June 2026 joint Group on the Future of VAT (GFV) and VAT Expert Group (VEG) meeting.",[3784,3786,3787],{"type":1352,"attrs":3785},{"color":1462},{"type":71},{"type":3788},"italic",{"type":53,"attrs":3790,"content":3791},{"textAlign":64},[3792,3797,3803,3808,3817,3822,3831],{"text":3793,"type":68,"marks":3794},"The European Union reached an important milestone in the digitalisation of its tax system with the adoption of the ",[3795],{"type":1352,"attrs":3796},{"color":1462},{"text":3798,"type":68,"marks":3799},"VAT in the Digital Age (ViDA)",[3800,3802],{"type":1352,"attrs":3801},{"color":1462},{"type":71},{"text":3804,"type":68,"marks":3805}," reforms. Following approval by the European Parliament in February 2025 and an earlier agreement by the ECOFIN Council in November 2024, the Council of the European Union officially adopted the 3-pillar ViDA legislative measures on 11 March 2025. These reforms were published in the ",[3806],{"type":1352,"attrs":3807},{"color":1462},{"text":3809,"type":68,"marks":3810},"Official Journal (OJEU)",[3811,3814,3816],{"type":105,"attrs":3812},{"href":3813,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202500516",{"type":1352,"attrs":3815},{"color":1385},{"type":1387},{"text":3818,"type":68,"marks":3819}," on 25 March 2025 and entered into force on 14 April 2025, marking a key moment in the modernisation of EU taxation and setting the stage for the finalisation of implementation timetables and detailed rules. The European Commission further clarified this rollout by ",[3820],{"type":1352,"attrs":3821},{"color":1462},{"text":3823,"type":68,"marks":3824},"publishing its 2026 Work Programme",[3825,3829],{"type":105,"attrs":3826},{"href":3827,"uuid":64,"anchor":64,"custom":3828,"target":110,"linktype":19},"https://taxation-customs.ec.europa.eu/news/vat-digital-age-2026-work-programme-available-2026-05-22_en","[object Object]",{"type":1352,"attrs":3830},{"color":1462},{"text":3832,"type":68,"marks":3833}," in May 2026, which outlines the phased timeline for implementation.",[3834],{"type":1352,"attrs":3835},{"color":1462},{"type":61,"attrs":3837,"content":3838},{"level":684,"textAlign":64},[3839],{"text":3840,"type":68,"marks":3841},"Evolving ViDA proposal and amendments",[3842,3844],{"type":1352,"attrs":3843},{"color":1462},{"type":71},{"type":53,"attrs":3846,"content":3847},{"textAlign":64},[3848],{"text":3849,"type":68,"marks":3850},"The ViDA package, as amended by the European Commission, was a key agenda item for the ECOFIN Council for two years, with various elements the subject of extensive negotiations. One particularly controversial component was the \"deemed supplier\" regime within the “Platform Economy” pillar. After much deliberation, a broad compromise has been reached, with updates to the timeline for rollout and clarification of specific sections. With the commitment of the countries holding the EU Presidency, the package was finally finalised and adopted this spring.",[3851],{"type":1352,"attrs":3852},{"color":1462},{"type":53,"attrs":3854,"content":3855},{"textAlign":64},[3856],{"text":3857,"type":68,"marks":3858},"Since its announcement on 8 December 2022, ViDA has undergone active negotiations among EU Member States. The European Parliament's decisive approval in February 2025, following the ECOFIN agreement, and the subsequent adoption by the Council of the European Union on 11 March 2025, mark significant steps towards an evolving consensus on streamlining digital VAT reporting across the EU.",[3859],{"type":1352,"attrs":3860},{"color":1462},{"type":61,"attrs":3862,"content":3863},{"level":684,"textAlign":64},[3864],{"text":3865,"type":68},"Progress on ViDA implementation and explanatory notes",{"type":53,"attrs":3867,"content":3868},{"textAlign":64},[3869,3871,3877],{"text":3870,"type":68},"Following the formal adoption of the ViDA package, the European Commission continues to work on detailed implementation guidance. On 8 July 2026, the Commission published the ",{"text":3872,"type":68,"marks":3873},"minutes from a joint meeting",[3874],{"type":105,"attrs":3875},{"href":3876,"uuid":64,"anchor":64,"custom":3828,"target":110,"linktype":19},"https://circabc.europa.eu/ui/group/cb1eaff7-eedd-413d-ab88-94f761f9773b/library/8193c4b1-bf02-40c3-a5ba-f0b93e1c9403/details",{"text":3878,"type":68}," of the Group on the Future of VAT (GFV) and the VAT Expert Group (VEG), held on 25 June 2026.",{"type":53,"attrs":3880,"content":3881},{"textAlign":64},[3882],{"text":3883,"type":68},"The discussion primarily focused on preparing for the next phase of ViDA implementation and developing explanatory notes, which are currently being drafted with an expected publication date in 2027. Key focus areas include:",{"type":91,"content":3885},[3886,3957],{"type":94,"content":3887},[3888,3897],{"type":53,"attrs":3889,"content":3890},{"textAlign":64},[3891,3895],{"text":3892,"type":68,"marks":3893},"Drafting explanatory notes:",[3894],{"type":71},{"text":3896,"type":68}," Progress was made on the second draft regarding the Platform Economy and the third draft for Digital Reporting Requirements (DRR). Stakeholders were invited to provide written comments by 31 July 2026.",{"type":91,"content":3898},[3899,3906],{"type":94,"content":3900},[3901],{"type":53,"attrs":3902,"content":3903},{"textAlign":64},[3904],{"text":3905,"type":68},"While the legislative framework is now settled, the focus of the GFV and VEG has shifted toward the practicalities of implementation. A primary concern voiced by stakeholders is ensuring interoperability across Member States, particularly as each country develops its own unique national processes for e-reporting capture and postings. There is growing consensus among businesses that without sufficient coordination, Member States could implement the same ViDA legislation in different ways, creating complex compliance hurdles for cross-border trade. Consequently, businesses are urging the Commission to publish 'implementation best practices' and to involve software providers and other stakeholders early in national rollout programmes.",{"type":94,"content":3907},[3908,3913],{"type":53,"attrs":3909,"content":3910},{"textAlign":64},[3911],{"text":3912,"type":68},"Unresolved operational questions: As the Commission works to finalise the explanatory notes, businesses are seeking further clarification on several operational issues that remain open. Key areas requiring guidance include:",{"type":91,"content":3914},[3915,3922,3929,3936,3943,3950],{"type":94,"content":3916},[3917],{"type":53,"attrs":3918,"content":3919},{"textAlign":64},[3920],{"text":3921,"type":68},"VAT groups: Reporting requirements for groups using a single VAT number.",{"type":94,"content":3923},[3924],{"type":53,"attrs":3925,"content":3926},{"textAlign":64},[3927],{"text":3928,"type":68},"Corrected invoices: Standardised treatment of corrections and amendments.",{"type":94,"content":3930},[3931],{"type":53,"attrs":3932,"content":3933},{"textAlign":64},[3934],{"text":3935,"type":68},"Process distinctions: Clarity on the specific distinctions between invoice issuance, transmission, and receipt.",{"type":94,"content":3937},[3938],{"type":53,"attrs":3939,"content":3940},{"textAlign":64},[3941],{"text":3942,"type":68},"Data reporting: Handling of VAT rates, VAT amounts, and invoices containing multiple currencies.",{"type":94,"content":3944},[3945],{"type":53,"attrs":3946,"content":3947},{"textAlign":64},[3948],{"text":3949,"type":68},"Technical definitions: Defining the meaning of 'real-time' reporting.",{"type":94,"content":3951},[3952],{"type":53,"attrs":3953,"content":3954},{"textAlign":64},[3955],{"text":3956,"type":68},"Hybrid structures: Compliance requirements for hybrid invoices, attachments, and extensions while maintaining alignment with European standards.",{"type":94,"content":3958},[3959],{"type":53,"attrs":3960,"content":3961},{"textAlign":64},[3962,3966],{"text":3963,"type":68,"marks":3964},"Ongoing studies:",[3965],{"type":71},{"text":3967,"type":68}," The Commission presented findings from external studies, including a \"Study on the taxation of the financial sector\" and a \"Study on the Challenges of VAT beyond ViDA\". These studies explore policy considerations such as the modernisation of VAT rules, the reduction of non-deductible VAT, and further digitalisation, all of which will inform the Commission’s future deliberations on a coherent tax framework.",{"type":53,"attrs":3969,"content":3970},{"textAlign":64},[3971],{"text":3972,"type":68},"Although no new legislation was introduced at the June meeting, the minutes contain valuable information about the Commission's implementation strategy. The next joint GFV/VEG meeting is scheduled for 19 November 2026, at which the upcoming explanatory notes will be finalised.",{"type":61,"attrs":3974,"content":3975},{"level":684,"textAlign":64},[3976],{"text":3977,"type":68,"marks":3978},"Why ViDA is needed: Tackling the persistent VAT gap in Europe",[3979,3981],{"type":1352,"attrs":3980},{"color":1462},{"type":71},{"type":53,"attrs":3983,"content":3984},{"textAlign":64},[3985,3990,3999],{"text":3986,"type":68,"marks":3987},"The VAT gap, defined as the difference between VAT owed and collected, remains a significant issue. In its latest analysis, the European Commission's ",[3988],{"type":1352,"attrs":3989},{"color":1462},{"text":3991,"type":68,"marks":3992},"VAT Gap report 2025",[3993,3996,3998],{"type":105,"attrs":3994},{"href":3995,"uuid":3009,"anchor":64,"custom":3828,"target":110,"linktype":111},"https://app.storyblok.com/resources/blog/eu-vat-gap-report-2025",{"type":1352,"attrs":3997},{"color":1462},{"type":1387},{"text":4000,"type":68,"marks":4001}," (covering data for 2023) shows that the estimated VAT compliance gap in the European Union amounted to approximately €128 billion, corresponding to a 9.5% loss of total VAT liability. This figure represents a notable increase compared to the €89 billion gap in 2022 (7%), indicating a reversal of the positive downward trend observed in previous years, including the decline from €99 billion in 2020 to € 61 billion in 2021.",[4002],{"type":1352,"attrs":4003},{"color":1462},{"type":53,"attrs":4005,"content":4006},{"textAlign":64},[4007,4012,4013,4018,4026,4031,4037,4042,4049],{"type":2414,"attrs":4008},{"id":4009,"alt":8,"src":4010,"title":8,"source":8,"copyright":8,"meta_data":4011},166823211693335,"https://a.storyblok.com/f/318078/2048x1152/619428c091/vida-vat-in-the-digital-age-agreement-reached-graph.jpg",{},{"text":1458,"type":68},{"text":4014,"type":68,"marks":4015},"The compliance challenges remain uneven across the EU. The 2025 report identifies ",[4016],{"type":1352,"attrs":4017},{"color":1462},{"text":4019,"type":68,"marks":4020},"Romania ",[4021,4024],{"type":105,"attrs":4022},{"href":4023,"uuid":64,"anchor":64,"custom":3828,"target":110,"linktype":19},"https://www.banqup.com/en-be/resources/blog/romania-s-electronic-invoicing-and-reporting-revolution",{"type":1352,"attrs":4025},{"color":1462},{"text":4027,"type":68,"marks":4028},"as having the highest VAT compliance gap in relative terms at an estimated 30.0%, with Malta following at approximately 24.2%. In contrast, strong performers like ",[4029],{"type":1352,"attrs":4030},{"color":1462},{"text":3252,"type":68,"marks":4032},[4033,4035],{"type":105,"attrs":4034},{"href":3256,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"type":1352,"attrs":4036},{"color":1462},{"text":4038,"type":68,"marks":4039}," (approximately 1.0% gap) and ",[4040],{"type":1352,"attrs":4041},{"color":1462},{"text":3268,"type":68,"marks":4043},[4044,4047],{"type":105,"attrs":4045},{"href":4046,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/blog/finland-shows-another-way-how-e-invoicing-scaled-without-a-mandate",{"type":1352,"attrs":4048},{"color":1462},{"text":4050,"type":68,"marks":4051}," (around 3.0%) demonstrate the potential for high collection efficiency. ",[4052],{"type":1352,"attrs":4053},{"color":1462},{"type":53,"attrs":4055,"content":4056},{"textAlign":64},[4057,4062,4070],{"text":4058,"type":68,"marks":4059},"While earlier editions of the report highlighted ",[4060],{"type":1352,"attrs":4061},{"color":1462},{"text":4063,"type":68,"marks":4064},"Italy",[4065,4068],{"type":105,"attrs":4066},{"href":4067,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.banqup.com/en-be/resources/compliance-pulse/italy",{"type":1352,"attrs":4069},{"color":1462},{"text":4071,"type":68,"marks":4072},"’s strong performance, including a 10.7 percentage point reduction in its VAT compliance gap since 2020, the 2025 analysis places greater emphasis on the Member States with the largest relative gaps, offering an updated perspective on where the most pressing compliance challenges persist. ",[4073],{"type":1352,"attrs":4074},{"color":1462},{"type":53,"attrs":4076,"content":4077},{"textAlign":64},[4078,4084,4093],{"text":4079,"type":68,"marks":4080},"For a comprehensive breakdown, refer to the ",[4081,4083],{"type":1352,"attrs":4082},{"color":1462},{"type":3788},{"text":4085,"type":68,"marks":4086},"EU VAT Gap Report 2025",[4087,4089,4091,4092],{"type":105,"attrs":4088},{"href":3561,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},{"type":1352,"attrs":4090},{"color":1385},{"type":3788},{"type":1387},{"text":767,"type":68,"marks":4094},[4095,4097],{"type":1352,"attrs":4096},{"color":1462},{"type":3788},{"type":53,"attrs":4099,"content":4100},{"textAlign":64},[4101],{"text":4102,"type":68,"marks":4103},"These losses have severe consequences. VAT contributes about 27% of the EU's total yearly tax receipts, so any shortfall significantly impacts national budgets and the ability to fund public services.",[4104],{"type":1352,"attrs":4105},{"color":1462},{"type":53,"attrs":4107,"content":4108},{"textAlign":64},[4109],{"text":4110,"type":68,"marks":4111},"ViDA aims to further reduce this gap by enhancing VAT compliance and reporting efficiency. It supports the growing trend of mandatory electronic invoicing and reporting, crucial tools against VAT fraud. With countries like Italy, Serbia, Romania, Poland, Latvia, Germany, France, Spain, and Belgium implementing or planning business-to-business (B2B) e-invoicing, ViDA will create a more robust and harmonised system to tackle the VAT gap across the EU.",[4112],{"type":1352,"attrs":4113},{"color":1462},{"type":61,"attrs":4115,"content":4116},{"level":684,"textAlign":64},[4117],{"text":4118,"type":68,"marks":4119},"Key components and revised timeline",[4120,4122],{"type":1352,"attrs":4121},{"color":1462},{"type":71},{"type":53,"attrs":4124,"content":4125},{"textAlign":64},[4126],{"type":2414,"attrs":4127},{"id":4128,"alt":8,"src":4129,"title":8,"source":8,"copyright":8,"meta_data":4130},166824453211526,"https://a.storyblok.com/f/318078/2048x963/7336f4245a/vida-vat-in-the-digital-age-agreement-reached-timeline.jpg",{},{"type":61,"attrs":4132,"content":4133},{"level":63,"textAlign":64},[4134],{"text":4135,"type":68,"marks":4136},"Domestic e-invoicing autonomy",[4137,4139],{"type":1352,"attrs":4138},{"color":1462},{"type":71},{"type":53,"attrs":4141,"content":4142},{"textAlign":64},[4143],{"text":4144,"type":68,"marks":4145},"With the adoption of ViDA, Member States will gain the autonomy, with certain conditions, to implement e-invoicing schemes for domestic transactions and to waive the buyer’s right of acceptance without the need for prior derogation approval from the European Commission under the VAT Directive 2006/112/EC. This change will apply to domestic transactions between established businesses (excluding intra-Community supplies).",[4146],{"type":1352,"attrs":4147},{"color":1462},{"type":53,"attrs":4149,"content":4150},{"textAlign":64},[4151],{"text":4152,"type":68,"marks":4153},"In addition, businesses will need to be prepared to receive e-invoices when a Member State introduces a domestic e-invoicing scheme, as the issuance of e-invoices will no longer be subject to customer consent.",[4154],{"type":1352,"attrs":4155},{"color":1462},{"type":53,"attrs":4157,"content":4158},{"textAlign":64},[4159,4164,4170],{"text":4160,"type":68,"marks":4161},"These provisions entered into force on",[4162],{"type":1352,"attrs":4163},{"color":1462},{"text":4165,"type":68,"marks":4166}," 14 April 2025",[4167,4169],{"type":1352,"attrs":4168},{"color":1462},{"type":71},{"text":4171,"type":68,"marks":4172},", 20 days after their publication in the Official Journal, also allowing Member States to set up accreditation schemes for third-party service providers who issue invoices on behalf of taxpayers, and streamline the process for Member States to digitise their domestic invoicing systems.",[4173],{"type":1352,"attrs":4174},{"color":1462},{"type":61,"attrs":4176,"content":4177},{"level":63,"textAlign":64},[4178],{"text":3649,"type":68,"marks":4179},[4180,4182],{"type":1352,"attrs":4181},{"color":1462},{"type":71},{"type":53,"attrs":4184,"content":4185},{"textAlign":64},[4186,4191,4197],{"text":4187,"type":68,"marks":4188},"From ",[4189],{"type":1352,"attrs":4190},{"color":1462},{"text":4192,"type":68,"marks":4193},"1 July 2030",[4194,4196],{"type":1352,"attrs":4195},{"color":1462},{"type":71},{"text":4198,"type":68,"marks":4199},", electronic invoicing (e-invoicing) in accordance with the European e-invoicing standard (EN 16931) will be mandatory for intra-Community transactions. It's important to note that this mandate is specific to intra-Community transactions; other formats, including paper invoices, can still be used for other transactions, such as domestic supplies. Hybrid formats, such as the German ZUGFeRD or its French technically identical equivalent, Factur-X, are considered valid if they contain the required data structure.",[4200],{"type":1352,"attrs":4201},{"color":1462},{"type":53,"attrs":4203,"content":4204},{"textAlign":64},[4205,4210,4218,4223,4230],{"text":4206,"type":68,"marks":4207},"The European standards body ",[4208],{"type":1352,"attrs":4209},{"color":1462},{"text":4211,"type":68,"marks":4212},"CEN has approved the updated semantic standard EN 16931‑1:2026",[4213,4216],{"type":105,"attrs":4214},{"href":4215,"uuid":64,"anchor":64,"custom":3828,"target":110,"linktype":19},"https://ec.europa.eu/newsroom/digital/items/930407/en",{"type":1352,"attrs":4217},{"color":1462},{"text":4219,"type":68,"marks":4220},", specifically adapted for B2B transactions and digital reporting requirements. The new standard, EN 16931-1:2026, supersedes the previous versions and includes new fields to support Digital Reporting Requirements ",[4221],{"type":1352,"attrs":4222},{"color":1462},{"text":4224,"type":68,"marks":4225},"(see section below for more details)",[4226,4228,4229],{"type":1352,"attrs":4227},{"color":1462},{"type":71},{"type":3788},{"text":4231,"type":68,"marks":4232},". It was formally released by CEN on 18 March 2026.",[4233],{"type":1352,"attrs":4234},{"color":1462},{"type":53,"attrs":4236,"content":4237},{"textAlign":64},[4238],{"text":4239,"type":68,"marks":4240},"A key update will also allow Member States the flexibility to use alternative standards for domestic transactions when mandating e-invoicing, thereby accommodating country-specific systems without conflicting with the EU-wide framework.",[4241],{"type":1352,"attrs":4242},{"color":1462},{"type":53,"attrs":4244,"content":4245},{"textAlign":64},[4246],{"text":4247,"type":68,"marks":4248},"Significantly, the holding of an e-invoice for eligible transactions will become a substantive condition for the deduction or recovery of VAT, a change from the original proposals. In a compromise proposed by France, taxpayers will be able to use third-party e-invoicing service providers. For legal purposes, e-invoices will replace paper invoices, except in limited circumstances.",[4249],{"type":1352,"attrs":4250},{"color":1462},{"type":53,"attrs":4252,"content":4253},{"textAlign":64},[4254],{"text":4255,"type":68,"marks":4256},"To ensure compliance and data integrity, basic validation or technical requirements for e-invoices are included, referred to as \"accreditation schemes\", where tax authorities can check data structures through a platform.",[4257],{"type":1352,"attrs":4258},{"color":1462},{"type":53,"attrs":4260,"content":4261},{"textAlign":64},[4262,4267,4273,4278,4284],{"text":4263,"type":68,"marks":4264},"Under the revised ViDA proposal, the deadline for issuing intra-Community invoices is ",[4265],{"type":1352,"attrs":4266},{"color":1462},{"text":4268,"type":68,"marks":4269},"10 days after the chargeable event",[4270,4272],{"type":1352,"attrs":4271},{"color":1462},{"type":71},{"text":4274,"type":68,"marks":4275},", although this is still shorter than the current 15-day rule. All DRR data must comply with the ",[4276],{"type":1352,"attrs":4277},{"color":1462},{"text":4279,"type":68,"marks":4280},"EN 16931‑1:2026",[4281,4283],{"type":1352,"attrs":4282},{"color":1462},{"type":71},{"text":4285,"type":68,"marks":4286}," standard, which includes fields such as IBAN, triangulation details, corrective invoice sequences, and VAT scheme information. An e-invoice must be issued within 10 days of receipt of payment in the case of payment on account and within 5 days of delivery in the case of self-billing. This is intended to strike a balance between ease of compliance and timely availability of data. Again, these specific timing requirements do not apply to Member States' reporting systems for domestic supplies.",[4287],{"type":1352,"attrs":4288},{"color":1462},{"type":53,"attrs":4290,"content":4291},{"textAlign":64},[4292],{"text":4293,"type":68,"marks":4294},"In addition, the proposal to prohibit the use of summary invoices has been dropped. Instead, summary invoices may be issued if the VAT on the invoice is chargeable in the same month, the summary invoice is issued by the 10th of the following month, and the supply is not fraud-sensitive in a Member State that has opted to prohibit their use. In addition, any Member State that has introduced a national real-time reporting system after 1 January 2024 will have to harmonise with the EU ViDA standard.",[4295],{"type":1352,"attrs":4296},{"color":1462},{"type":61,"attrs":4298,"content":4299},{"level":63,"textAlign":64},[4300],{"text":4301,"type":68,"marks":4302},"Key updates to the European Standard EN 16931-1:2026 for B2B",[4303,4305],{"type":1352,"attrs":4304},{"color":1462},{"type":71},{"type":53,"attrs":4307,"content":4308},{"textAlign":64},[4309],{"text":4310,"type":68,"marks":4311},"The updated semantic standard EN 16931-1:2026 introduces key changes to support B2B transactions and the ViDA Digital Reporting Requirements. These include:",[4312],{"type":1352,"attrs":4313},{"color":1462},{"type":91,"content":4315},[4316,4332,4348],{"type":94,"content":4317},[4318],{"type":53,"attrs":4319,"content":4320},{"textAlign":64},[4321,4327],{"text":4322,"type":68,"marks":4323},"New invoice data:",[4324,4326],{"type":1352,"attrs":4325},{"color":1462},{"type":71},{"text":4328,"type":68,"marks":4329}," Provisions for adding bank IBAN details, mentioning the use of triangulation simplification (where relevant), and incorporating corrective invoice sequential numbering.",[4330],{"type":1352,"attrs":4331},{"color":1462},{"type":94,"content":4333},[4334],{"type":53,"attrs":4335,"content":4336},{"textAlign":64},[4337,4343],{"text":4338,"type":68,"marks":4339},"Transaction support:",[4340,4342],{"type":1352,"attrs":4341},{"color":1462},{"type":71},{"text":4344,"type":68,"marks":4345}," Enhancements for facilitating repeat and multiple orders, adding discounts on early payments/late fines, and managing FX (Foreign Exchange) information.",[4346],{"type":1352,"attrs":4347},{"color":1462},{"type":94,"content":4349},[4350],{"type":53,"attrs":4351,"content":4352},{"textAlign":64},[4353,4359],{"text":4354,"type":68,"marks":4355},"VAT schemes:",[4356,4358],{"type":1352,"attrs":4357},{"color":1462},{"type":71},{"text":4360,"type":68,"marks":4361}," Inclusion of a wider range of exempt supplies and support for national special VAT schemes (e.g., margin scheme).",[4362],{"type":1352,"attrs":4363},{"color":1462},{"type":53,"attrs":4365,"content":4366},{"textAlign":64},[4367,4369,4373],{"text":4368,"type":68},"These updates build on earlier draft revisions and are now formalised in the final ",{"text":4370,"type":68,"marks":4371},"EN 16931-1:2026",[4372],{"type":71},{"text":4374,"type":68}," standard published by CEN in March 2026.",{"type":61,"attrs":4376,"content":4377},{"level":63,"textAlign":64},[4378],{"text":4379,"type":68,"marks":4380},"Mandatory B2B intra-community Digital Reporting Requirement (DRR)",[4381,4383],{"type":1352,"attrs":4382},{"color":1462},{"type":71},{"type":53,"attrs":4385,"content":4386},{"textAlign":64},[4387,4392,4397],{"text":4388,"type":68,"marks":4389},"Starting ",[4390],{"type":1352,"attrs":4391},{"color":1462},{"text":4192,"type":68,"marks":4393},[4394,4396],{"type":1352,"attrs":4395},{"color":1462},{"type":71},{"text":4398,"type":68,"marks":4399},", all businesses will be required to digitally report specific intra-Community B2B transactions to their local tax authorities. This Digital Reporting Requirement (DRR) applies to suppliers and their customers for header-level data of intra-Community supplies, acquisitions, B2B services, reverse charge scenarios when the supplier is not established, supplies of energy to a taxable dealer, and triangulation.To avoid fragmentation, a harmonised, pan-European digital reporting requirement will include standardised data reporting, enabling tax administrations to cross-check transactions in real time and increase VAT compliance and transparency across Member States.",[4400],{"type":1352,"attrs":4401},{"color":1462},{"type":53,"attrs":4403,"content":4404},{"textAlign":64},[4405],{"text":4406,"type":68,"marks":4407},"Notably, the reporting deadline has been extended to 10 days from the initial proposal of 2 working days following the issuance of the e-invoice. Each Member State will be free to develop its own reporting protocols and technical specifications. Member States may also exempt customers of goods or services from reporting the transaction if they can obtain assurances by other means. In addition to the existing information required for recapitulative statements, additional information will be required, including bank details to enable tax authorities to track payments, although the payment date requirement has been removed. With the introduction of the DRR, the existing EC Sales List (ESL) or recapitulative reporting will be withdrawn.",[4408],{"type":1352,"attrs":4409},{"color":1462},{"type":53,"attrs":4411,"content":4412},{"textAlign":64},[4413,4418,4424,4429,4435],{"text":4414,"type":68,"marks":4415},"The legacy ",[4416],{"type":1352,"attrs":4417},{"color":1462},{"text":4419,"type":68,"marks":4420},"VIES",[4421,4423],{"type":1352,"attrs":4422},{"color":1462},{"type":71},{"text":4425,"type":68,"marks":4426}," (",[4427],{"type":1352,"attrs":4428},{"color":1462},{"text":4430,"type":68,"marks":4431},"VAT Information Exchange System",[4432,4434],{"type":1352,"attrs":4433},{"color":1462},{"type":3788},{"text":4436,"type":68,"marks":4437},", a current EU VAT number validation tool) will be phased out in July 2032. It will be replaced by a new \"Central VIES\" database maintained by the European Commission, designed to centralise and enhance intra-EU transaction data. This new database will include DRR transactions, taxpayer identification information (including VAT identification numbers), and integrate with the Customs Surveillance System and the Central Electronic System of Payment (CESOP). It will also provide customers with transparency on intra-EU transactions reported against their VAT numbers, potentially through a common endpoint at the European Commission.",[4438],{"type":1352,"attrs":4439},{"color":1462},{"type":53,"attrs":4441,"content":4442},{"textAlign":64},[4443],{"text":4444,"type":68,"marks":4445},"Taxable persons will benefit from mandated tools to facilitate the transmission of invoice data to tax authorities, whether directly, through third-party service providers, or via available public portals. While no specific reporting protocols are mandated at the EU level, allowing Member States a degree of flexibility to tailor their implementation, by 1 January 2035, countries with existing mandatory e-reporting systems introduced prior to 1 January 2024 must align with the pan-European standard.",[4446],{"type":1352,"attrs":4447},{"color":1462},{"type":61,"attrs":4449,"content":4450},{"level":63,"textAlign":64},[4451],{"text":4452,"type":68,"marks":4453},"Other ViDA pillars and updates",[4454,4456],{"type":1352,"attrs":4455},{"color":1462},{"type":71},{"type":53,"attrs":4458,"content":4459},{"textAlign":64},[4460,4465,4471],{"text":4461,"type":68,"marks":4462},"Beyond e-invoicing and Digital Reporting Requirements, ViDA introduces key changes to the e-commerce package, significantly reinforcing the ",[4463],{"type":1352,"attrs":4464},{"color":1462},{"text":4466,"type":68,"marks":4467},"One-Stop Shop (OSS)",[4468,4470],{"type":1352,"attrs":4469},{"color":1462},{"type":71},{"text":4472,"type":68,"marks":4473}," system, which allows businesses operating in multiple European countries to file VAT returns from a single location, significantly reducing the administrative burden of dealing with VAT across different jurisdictions. The initial OSS changes, primarily affecting B2C supplies, will apply from 1 January 2027, with further extensions planned for 2028. In line with this, distance selling thresholds will also be updated, and the OSS scope expanded. This simplifies VAT compliance for businesses operating across multiple EU countries by allowing them to file VAT returns from a single location.",[4474],{"type":1352,"attrs":4475},{"color":1462},{"type":53,"attrs":4477,"content":4478},{"textAlign":64},[4479,4484,4490],{"text":4480,"type":68,"marks":4481},"Additionally, the ",[4482],{"type":1352,"attrs":4483},{"color":1462},{"text":4485,"type":68,"marks":4486},"\"Platform Economy\" pillar",[4487,4489],{"type":1352,"attrs":4488},{"color":1462},{"type":71},{"text":4491,"type":68,"marks":4492}," will introduce new VAT obligations for digital platforms (e.g., Airbnb, Uber, etc.), which have long operated without the same VAT responsibilities as traditional businesses. ViDA will require them to collect and remit VAT on certain transactions, ensuring a fairer and more equitable VAT system and promoting compliance within the platform economy, which facilitates large volumes of cross-border transactions. A voluntary phase begins in July 2028 for ride & accommodation sharing platforms (deemed supplier), with mandatory application from January 2030.",[4493],{"type":1352,"attrs":4494},{"color":1462},{"type":53,"attrs":4496,"content":4497},{"textAlign":64},[4498,4503,4509],{"text":4499,"type":68,"marks":4500},"These broader changes contribute to a comprehensive overhaul of the EU's VAT system, ",[4501],{"type":1352,"attrs":4502},{"color":1462},{"text":4504,"type":68,"marks":4505},"enhancing fairness and efficiency",[4506],{"type":1352,"attrs":4507},{"color":4508},"#1F1F1F",{"text":4510,"type":68,"marks":4511}," in the digital age.",[4512],{"type":1352,"attrs":4513},{"color":1462},{"type":53,"attrs":4515,"content":4516},{"textAlign":64},[4517,4522],{"type":2414,"attrs":4518},{"id":4519,"alt":8,"src":4520,"title":8,"source":8,"copyright":8,"meta_data":4521},166826421454401,"https://a.storyblok.com/f/318078/2048x1152/ab3b24df06/vida-vat-in-the-digital-age-agreement-reached-overview-image.jpg",{},{"text":4523,"type":68},"  ",{"type":61,"attrs":4525,"content":4526},{"level":684,"textAlign":64},[4527],{"text":4528,"type":68,"marks":4529},"How ViDA fights VAT fraud",[4530,4532],{"type":1352,"attrs":4531},{"color":1462},{"type":71},{"type":53,"attrs":4534,"content":4535},{"textAlign":64},[4536],{"text":4537,"type":68,"marks":4538},"‍One of ViDA’s core aims is to combat VAT fraud, especially carousel fraud and VAT evasion, through e-invoicing and e-reporting. By shifting towards a digital VAT system, ViDA enables real-time reporting, which helps tax authorities detect suspicious activity more quickly.",[4539],{"type":1352,"attrs":4540},{"color":1462},{"type":61,"attrs":4542,"content":4543},{"level":63,"textAlign":64},[4544],{"text":4545,"type":68,"marks":4546},"ViDA’s anti-fraud measures:",[4547,4549],{"type":1352,"attrs":4548},{"color":1462},{"type":71},{"type":91,"content":4551},[4552,4568,4584,4600],{"type":94,"content":4553},[4554],{"type":53,"attrs":4555,"content":4556},{"textAlign":64},[4557,4563],{"text":4558,"type":68,"marks":4559},"E-invoicing:",[4560,4562],{"type":1352,"attrs":4561},{"color":1462},{"type":71},{"text":4564,"type":68,"marks":4565}," Businesses will have to issue structured e-invoices, which are faster to process, more accurate and easier for tax authorities to verify.",[4566],{"type":1352,"attrs":4567},{"color":1462},{"type":94,"content":4569},[4570],{"type":53,"attrs":4571,"content":4572},{"textAlign":64},[4573,4579],{"text":4574,"type":68,"marks":4575},"E-reporting:",[4576,4578],{"type":1352,"attrs":4577},{"color":1462},{"type":71},{"text":4580,"type":68,"marks":4581}," Businesses will be obliged to transmit invoice data to tax authorities in near-real time, enabling faster fraud detection and improving overall VAT compliance.",[4582],{"type":1352,"attrs":4583},{"color":1462},{"type":94,"content":4585},[4586],{"type":53,"attrs":4587,"content":4588},{"textAlign":64},[4589,4595],{"text":4590,"type":68,"marks":4591},"One-Stop-Shop (OSS):",[4592,4594],{"type":1352,"attrs":4593},{"color":1462},{"type":71},{"text":4596,"type":68,"marks":4597}," Strengthening the OSS system simplifies VAT compliance for cross-border businesses. This reduces the administrative burden and makes it easier for businesses to comply, which in turn minimises errors and reduces the opportunity for fraud.",[4598],{"type":1352,"attrs":4599},{"color":1462},{"type":94,"content":4601},[4602],{"type":53,"attrs":4603,"content":4604},{"textAlign":64},[4605,4611],{"text":4606,"type":68,"marks":4607},"Platform economy obligations:",[4608,4610],{"type":1352,"attrs":4609},{"color":1462},{"type":71},{"text":4612,"type":68,"marks":4613}," By requiring digital platforms to collect and remit VAT, ViDA closes a significant loophole, preventing VAT evasion in the platform economy and ensuring fair competition.",[4614],{"type":1352,"attrs":4615},{"color":1462},{"type":53,"attrs":4617,"content":4618},{"textAlign":64},[4619],{"text":4620,"type":68,"marks":4621},"By digitising and streamlining the VAT system, ViDA creates a more transparent and efficient environment, making it harder for fraudulent activity to go undetected.",[4622],{"type":1352,"attrs":4623},{"color":1462},{"type":61,"attrs":4625,"content":4626},{"level":684,"textAlign":64},[4627],{"text":4628,"type":68,"marks":4629},"E-invoicing and e-reporting: Shaping the future of VAT",[4630,4632],{"type":1352,"attrs":4631},{"color":1462},{"type":71},{"type":53,"attrs":4634,"content":4635},{"textAlign":64},[4636],{"text":4637,"type":68,"marks":4638},"As we've discussed, ViDA mandates a significant shift to digital VAT. Starting from 1 July 2030, e-invoicing becomes obligatory for intra-Community transactions, marking a pivotal move towards a streamlined and accurate EU VAT system.",[4639],{"type":1352,"attrs":4640},{"color":1462},{"type":61,"attrs":4642,"content":4643},{"level":63,"textAlign":64},[4644],{"text":4645,"type":68,"marks":4646},"E-invoicing: More than just a digital invoice",[4647,4649],{"type":1352,"attrs":4648},{"color":1462},{"type":71},{"type":53,"attrs":4651,"content":4652},{"textAlign":64},[4653],{"text":4654,"type":68,"marks":4655},"E-invoicing goes beyond simply digitising paper invoices. It involves structured digital invoices, often in XML format, that automate processing, minimise errors, and ensure compliance. This is a trend gaining momentum globally, with more countries embracing e-invoicing for enhanced VAT administration.",[4656],{"type":1352,"attrs":4657},{"color":1462},{"type":61,"attrs":4659,"content":4660},{"level":63,"textAlign":64},[4661],{"text":4662,"type":68,"marks":4663},"E-reporting: Real-time VAT compliance",[4664,4666],{"type":1352,"attrs":4665},{"color":1462},{"type":71},{"type":53,"attrs":4668,"content":4669},{"textAlign":64},[4670],{"text":4671,"type":68,"marks":4672},"E-reporting takes VAT compliance a step further by enabling businesses to submit invoice data to tax authorities in near-real time. This provides tax administrations with the ability to quickly analyse transactions, detect anomalies, and improve overall VAT compliance across the EU.",[4673],{"type":1352,"attrs":4674},{"color":1462},{"type":53,"attrs":4676,"content":4677},{"textAlign":64},[4678],{"text":4679,"type":68,"marks":4680},"By placing e-invoicing and e-reporting at the centre of ViDA, the EU is building a more transparent, efficient, and secure VAT framework for the digital age.",[4681],{"type":1352,"attrs":4682},{"color":1462},{"type":61,"attrs":4684,"content":4685},{"level":684,"textAlign":64},[4686],{"text":4687,"type":68,"marks":4688},"Conclusion: A more transparent and efficient VAT system",[4689,4691],{"type":1352,"attrs":4690},{"color":1462},{"type":71},{"type":53,"attrs":4693,"content":4694},{"textAlign":64},[4695],{"text":4696,"type":68,"marks":4697},"‍With ViDA, the EU is taking significant steps towards creating a more efficient, transparent, and fraud-resistant VAT system. Key measures such as e-invoicing, e-reporting, and the extension of VAT obligations to digital platforms will help improve VAT collection, reduce fraud, and simplify VAT compliance for businesses across the EU.",[4698],{"type":1352,"attrs":4699},{"color":1462},{"type":53,"attrs":4701,"content":4702},{"textAlign":64},[4703],{"text":4704,"type":68,"marks":4705},"As ViDA progresses, it will play a pivotal role in improving VAT compliance and ensuring fairer taxation for all businesses operating in the EU.",[4706],{"type":1352,"attrs":4707},{"color":1462},{"_uid":4709,"page":4710,"component":4740},"2dc2e925-e3a6-4308-a5a0-ca1273c12ef7",[4711],{"name":4712,"created_at":4713,"published_at":4714,"updated_at":4715,"id":4716,"uuid":4717,"content":4718,"slug":4727,"full_slug":4728,"sort_by_date":64,"position":4729,"tag_list":4730,"is_startpage":17,"parent_id":4731,"meta_data":64,"group_id":4732,"first_published_at":4733,"release_id":64,"lang":48,"path":64,"alternates":4734,"default_full_slug":4728,"translated_slugs":4735,"_stopResolving":55},"Danielle Kiener","2025-08-26T15:37:50.857Z","2025-10-24T12:19:26.295Z","2025-10-24T12:19:26.314Z",84103458262553,"54889ce6-3a70-431f-a018-6d1a27eb73a2",{"_uid":4719,"logo":4720,"name":4712,"component":4724,"description":4725,"titleAndCompany":4726},"6af37131-8ae4-4a37-b2a0-1990c4f8b2bb",{"id":4721,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":4722,"copyright":8,"fieldtype":15,"meta_data":4723,"is_external_url":17},84103624756320,"https://a.storyblok.com/f/318078/500x505/88824f1f9f/danielle.png",{},"authorPage","Danielle has 15 years of experience in customer relationship management within invoicing and financial administration. She currently works in Geneva, supporting global customers at Banqup Group and helping multinational companies digitise their processes. Over the years, she has been closely involved in the digital transformation of invoicing, including leading e-invoicing initiatives across the EMEA and Asia-Pacific regions for a major multinational. Her extensive experience means she’s always up to date on the latest e-invoicing regulations and changes around the world.","Lead Key Account Manager, Banqup Group","danielle-kiener","resources/authors/danielle-kiener",-10,[],628683582,"59efc7b3-f071-4778-b538-b4dcf786a04c","2025-08-26T15:38:48.066Z",[],[4736,4737,4738],{"path":4728,"name":64,"lang":519,"published":64},{"path":4728,"name":64,"lang":521,"published":64},{"path":4739,"name":64,"lang":525,"published":64},"informationen/authors/danielle-kiener","author",{"_uid":4742,"cards":4743,"buttons":6797,"heading":1531,"tagline":8,"component":1532,"background":48,"description":6798},"b0e984dd-fd50-4ae6-87be-b67d61fbcff5",[4744,6038,6354],{"name":4745,"created_at":4746,"published_at":4747,"updated_at":4748,"id":4749,"uuid":4750,"content":4751,"slug":6024,"full_slug":6025,"sort_by_date":6026,"position":6027,"tag_list":6028,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":6029,"first_published_at":6030,"release_id":64,"lang":48,"path":64,"alternates":6031,"default_full_slug":6025,"translated_slugs":6032,"_stopResolving":55},"VAT Compliance: Transforming Burden into Business Opportunity","2025-09-02T09:01:41.586Z","2026-07-24T15:38:42.377Z","2026-07-24T15:38:42.412Z",86483360124158,"40892d61-05eb-4965-86eb-abf37cd4475c",{"seo":4752,"_uid":4756,"body":4757,"image":6009,"theme":8,"title":4765,"author":6013,"related":6015,"summary":6016,"category":6022,"component":1996,"createdOn":8,"description":4777,"relatedCountries":6023,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":4753,"title":4754,"plugin":34,"description":4755},"629155aa-195c-4613-9c9c-763f2dd83798","VAT Compliance: Turning a Burden into a Strategic Opportunity for Businesses | Blog - Banqup","Discover how businesses can turn VAT compliance into a competitive advantage through digital transformation and automation, boosting efficiency, cost savings, and growth.","743f7e3a-dee0-48c3-95ee-8351d2b5123c",[4758,4769,4967],{"_uid":4759,"align":8,"image":4760,"buttons":4764,"columns":8,"heading":4765,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":4766,"invertTextColor":55},"cfa7e53e-fce1-455f-a4ef-8ddf3cf7d1eb",{"id":4761,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":4762,"copyright":8,"fieldtype":15,"meta_data":4763,"is_external_url":17},91079032821685,"https://a.storyblok.com/f/318078/1925x510/fb9648dc73/vat-compliance-banner-template.png",{},[],"VAT compliance: Transforming burden into business opportunity",{"type":50,"content":4767},[4768],{"type":53},{"_uid":4770,"text":4771,"component":505,"background":48},"64d606fb-a879-49a6-862c-8811be559b01",{"type":50,"content":4772},[4773,4778,4783,4788,4824,4851,4856,4861,4870,4872,4877,4882,4887,4892,4897,4902,4907,4912,4917,4922,4952,4957,4962],{"type":53,"attrs":4774,"content":4775},{"textAlign":64},[4776],{"text":4777,"type":68},"VAT compliance has evolved into a complex and costly obligation for businesses. However, by embracing digital transformation and automation, companies can turn this burden into a strategic advantage, improving efficiency, cutting costs, and unlocking new growth opportunities.",{"type":53,"attrs":4779,"content":4780},{"textAlign":64},[4781],{"text":4782,"type":68},"For businesses operating in today’s global economy, VAT (Value Added Tax) compliance has become an increasingly complex and burdensome responsibility. With the rise of digital reporting systems, e-invoicing, and real-time data requirements, businesses are faced with growing administrative tasks, high costs, and the looming threat of penalties for non-compliance. For many, VAT compliance is seen as a necessary evil—a costly obligation that consumes resources without adding value. But what if VAT compliance could be reimagined as more than just a burden? By embracing digital transformation and automation, businesses can turn VAT compliance into a strategic advantage that improves operational efficiency, drives cost savings, and even unlocks new growth opportunities.",{"type":61,"attrs":4784,"content":4785},{"level":3365,"textAlign":64},[4786],{"text":4787,"type":68},"Shift in perspective",{"type":53,"attrs":4789,"content":4790},{"textAlign":64},[4791,4793,4801,4803,4810,4812,4816,4818,4822],{"text":4792,"type":68},"‍VAT compliance has evolved significantly over the past decade, driven by the need for governments to improve tax collection and reduce fraud. Globally, there is a clear trend towards digital reporting and real-time VAT filing. Countries such as ",{"text":4794,"type":68,"marks":4795},"Spain",[4796],{"type":105,"attrs":4797},{"href":4798,"uuid":4799,"anchor":64,"custom":4800,"target":110,"linktype":111},"/resources/blog/spain-s-electronic-invoicing-draft-royal-decree-unveiled","db8f20bd-6d9d-4f81-8c51-9b3f31ee00da",{},{"text":4802,"type":68}," and ",{"text":4063,"type":68,"marks":4804},[4805],{"type":105,"attrs":4806},{"href":4807,"uuid":4808,"anchor":64,"custom":4809,"target":110,"linktype":111},"/resources/blog/how-italy-has-led-the-way-on-e-invoicing-with-banqup-group-s-gerri-cipollini","a098f462-7223-4d27-a148-c56b7dd711f1",{},{"text":4811,"type":68}," have introduced sophisticated CTC (Continuous Transaction Control) systems, like Spain’s SII (",{"text":4813,"type":68,"marks":4814},"Suministro Inmediato de Información",[4815],{"type":3788},{"text":4817,"type":68},",or Immediate Information Sharing) and Italy’s SdI (",{"text":4819,"type":68,"marks":4820},"Sistema di Interscambio",[4821],{"type":3788},{"text":4823,"type":68},", or Interchange System), which require businesses to submit transaction data electronically in (near) real time.",{"type":53,"attrs":4825,"content":4826},{"textAlign":64},[4827,4829,4837,4839,4843,4845,4849],{"text":4828,"type":68},"‍Beyond Europe, regions like ",{"text":4830,"type":68,"marks":4831},"Latin America",[4832],{"type":105,"attrs":4833},{"href":4834,"uuid":4835,"anchor":64,"custom":4836,"target":110,"linktype":111},"/resources/blog/e-invoicing-and-e-reporting-in-latin-america-a-global-leader-in-digital-tax-compliance","ae5b1b15-12df-44b1-95d0-5b1383a3cd72",{},{"text":4838,"type":68}," and Asia have been trailblazers in adopting mandatory e-invoicing systems. Brazil’s ",{"text":4840,"type":68,"marks":4841},"Nota Fiscal Eletrônica",[4842],{"type":3788},{"text":4844,"type":68}," and Mexico’s CFDI (",{"text":4846,"type":68,"marks":4847},"Comprobante Fiscal Digital por Internet",[4848],{"type":3788},{"text":4850,"type":68},") are leading examples of how governments can leverage technology to modernise tax administration, making compliance more efficient but also more demanding in terms of technological infrastructure.",{"type":53,"attrs":4852,"content":4853},{"textAlign":64},[4854],{"text":4855,"type":68},"‍The global shift towards digital VAT compliance is undeniable, and while this transition offers long-term benefits, it also presents immediate challenges. The cost of implementing new technology, ensuring data accuracy, and complying with varying regulations across multiple jurisdictions can strain resources, especially for multinational companies. However, amidst these challenges lies an opportunity. Businesses that embrace digital solutions and innovative processes are not just surviving the complexities of VAT compliance—they are thriving. They are turning compliance into a competitive advantage that enhances efficiency, builds trust, and unlocks new business potential.",{"type":61,"attrs":4857,"content":4858},{"level":3365,"textAlign":64},[4859],{"text":4860,"type":68},"Embracing digital transformation",{"type":2184,"content":4862},[4863],{"type":53,"attrs":4864,"content":4865},{"textAlign":64},[4866],{"text":4867,"type":68,"marks":4868},"\"Innovation is the ability to see change as an opportunity - not a threat.\" Steve Jobs",[4869],{"type":3788},{"type":53,"attrs":4871},{"textAlign":64},{"type":53,"attrs":4873,"content":4874},{"textAlign":64},[4875],{"text":4876,"type":68},"One of the most compelling reasons to embrace digital VAT compliance is the potential for operational efficiency. By automating compliance tasks, businesses can reduce manual workload, minimise errors, and streamline their reporting processes. Automation leads to faster, more accurate invoicing, cutting down on time-consuming manual data entry and reducing the risk of human error—a major cause of penalties and audits—proving that it translates into tangible cost savings. Advanced solutions utilise artificial intelligence to predict potential compliance issues, suggest corrective actions, and quickly adapt to regulatory changes.",{"type":53,"attrs":4878,"content":4879},{"textAlign":64},[4880],{"text":4881,"type":68},"‍Moreover, effective VAT management generates valuable financial data that can drive strategic decisions. Businesses can analyse VAT data to optimise cash flow, identify trends, and make informed financial decisions.",{"type":61,"attrs":4883,"content":4884},{"level":3365,"textAlign":64},[4885],{"text":4886,"type":68},"Competitive advantage through compliance",{"type":53,"attrs":4888,"content":4889},{"textAlign":64},[4890],{"text":4891,"type":68},"‍Beyond the immediate efficiency gains, businesses that automate VAT compliance can gain a competitive advantage in several ways. Firstly, digital VAT reporting provides real-time access to accurate financial data, enabling better decision-making and financial planning. Businesses with reliable data systems can quickly identify cost-saving opportunities, optimise their cash flow, and reduce the risks associated with inaccurate reporting.",{"type":53,"attrs":4893,"content":4894},{"textAlign":64},[4895],{"text":4896,"type":68},"‍By ensuring VAT compliance, businesses can strengthen their relationships with suppliers and customers. Accurate, timely invoicing reduces the likelihood of disputes and ensures smoother payment processes. In some cases, reliable invoicing systems can even improve procurement processes, enabling businesses to better manage supplier contracts and ensure payment terms are met.",{"type":53,"attrs":4898,"content":4899},{"textAlign":64},[4900],{"text":4901,"type":68},"‍As businesses look to expand into new markets, having a robust VAT compliance framework can smooth the transition. With VAT rules varying significantly between jurisdictions, an efficient compliance system reduces barriers to entry, making it easier for organisations to tap into new customer bases and diversify their revenue streams. However, by adopting a digital-first approach to VAT compliance, companies can more easily navigate these complexities, ensuring compliance across borders and enabling smoother international operations.",{"type":53,"attrs":4903,"content":4904},{"textAlign":64},[4905],{"text":4906,"type":68},"‍Digitalising VAT compliance also supports corporate sustainability and ESG (Environmental, Social, and Governance) objectives. By replacing paper-based processes with electronic invoicing, businesses can reduce their reliance on physical paperwork, thereby reducing their carbon footprint and contributing to environmental sustainability. For organisations focused on ESG performance, e-invoicing offers a tangible way to improve their environmental metrics. Reducing paper waste not only cuts costs, but also supports broader corporate responsibility initiatives that are increasingly important to investors, customers, and regulators.",{"type":61,"attrs":4908,"content":4909},{"level":3365,"textAlign":64},[4910],{"text":4911,"type":68},"Future trends: Preparing for tomorrow",{"type":53,"attrs":4913,"content":4914},{"textAlign":64},[4915],{"text":4916,"type":68},"‍As VAT compliance continues to evolve, emerging technologies like artificial intelligence (AI), machine learning (ML), and blockchain will continue to revolutionise the landscape. Forward-thinking organisations that invest early in these technologies can gain a strategic advantage, positioning themselves as leaders in compliance innovation.",{"type":53,"attrs":4918,"content":4919},{"textAlign":64},[4920],{"text":4921,"type":68},"‍To harness the opportunities within VAT compliance, organisations should consider a roadmap for transformation:",{"type":91,"content":4923},[4924,4931,4938,4945],{"type":94,"content":4925},[4926],{"type":53,"attrs":4927,"content":4928},{"textAlign":64},[4929],{"text":4930,"type":68},"Evaluate current processes: Assess existing VAT compliance procedures and identify areas for improvement.",{"type":94,"content":4932},[4933],{"type":53,"attrs":4934,"content":4935},{"textAlign":64},[4936],{"text":4937,"type":68},"Invest in technology: Explore automation tools and platforms that simplify VAT calculation and reporting.",{"type":94,"content":4939},[4940],{"type":53,"attrs":4941,"content":4942},{"textAlign":64},[4943],{"text":4944,"type":68},"Train teams: Ensure that finance and compliance teams are equipped with the knowledge and skills to use new technologies effectively.",{"type":94,"content":4946},[4947],{"type":53,"attrs":4948,"content":4949},{"textAlign":64},[4950],{"text":4951,"type":68},"Monitor regulatory changes: Stay abreast of changes in VAT regulations and adjust strategies accordingly.",{"type":61,"attrs":4953,"content":4954},{"level":3365,"textAlign":64},[4955],{"text":4956,"type":68},"Turning compliance into an opportunity",{"type":53,"attrs":4958,"content":4959},{"textAlign":64},[4960],{"text":4961,"type":68},"‍VAT compliance doesn’t have to be a burden. By embracing digital transformation, businesses can turn compliance into a strategic opportunity that drives operational efficiencies, reduces costs, and strengthens relationships with customers and suppliers. As e-invoicing and e-reporting become the norm, companies that view compliance as a catalyst for growth will be better positioned to thrive in an increasingly regulated world.",{"type":53,"attrs":4963,"content":4964},{"textAlign":64},[4965],{"text":4966,"type":68},"‍As the world embarks on this journey, VAT compliance should be seen as a cornerstone of strategic growth—a means to enhance efficiency, build trust, and pave the way for a sustainable future. The time to transform VAT compliance from an obligation to a business opportunity is now.",{"_uid":4968,"cards":4969,"buttons":6005,"heading":1531,"tagline":8,"component":1532,"background":48,"description":6006},"6910da07-a447-4bdc-8c4c-4ee9210af656",[4970,5154,5344,5654],{"name":4971,"created_at":4972,"published_at":4973,"updated_at":4974,"id":4975,"uuid":4976,"content":4977,"slug":5139,"full_slug":5140,"sort_by_date":5141,"position":5142,"tag_list":5143,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":5145,"first_published_at":5146,"release_id":64,"lang":48,"path":64,"alternates":5147,"default_full_slug":5140,"translated_slugs":5148,"_stopResolving":55},"Unifiedpost (now Banqup) ready for a second wind as mandatory e-invoicing paves the way","2025-09-01T10:57:12.090Z","2026-07-24T15:56:13.069Z","2026-07-24T15:56:13.097Z",86157853082647,"dbf6e35f-7023-43b8-9d81-02be6832e9b1",{"seo":4978,"_uid":4982,"body":4983,"image":5122,"theme":8,"title":4971,"author":5126,"related":5127,"summary":5128,"category":5135,"component":1996,"createdOn":8,"description":5134,"relatedCountries":5136,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":4979,"title":4980,"plugin":34,"description":4981},"55e631c5-5ea7-45c5-b116-ba8b9c31b62e","Banqup's comeback: new CEO, debt reduction, and growth plans | Blog - Banqup ","Belgian fintech Unifiedpost is making a fresh start. With a new CEO, reduced debt, and ambitious growth plans, the electronic invoicing specialist is ready for a comeback. Could its shares be undervalued?","f068b9f6-5163-43aa-b44e-c686f7a9fd27",[4984,4994,5114],{"_uid":4985,"align":1330,"image":4986,"theme":8,"buttons":4990,"columns":8,"heading":4971,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":4991,"invertTextColor":55},"65c99d66-f0a1-46b2-93b7-a03fabb52f83",{"id":4987,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":4988,"copyright":8,"fieldtype":15,"meta_data":4989,"is_external_url":17},94950699222414,"https://a.storyblok.com/f/318078/1925x510/32827e865e/unifiedpost-ready-for-a-second-wind-as-mandatory-e-invoicing-paves-the-way.png",{},[],{"type":50,"content":4992},[4993],{"type":53},{"_uid":4995,"text":4996,"component":505,"background":48},"bb84ed5b-8ef6-497b-ab48-936eb94e7c80",{"type":50,"content":4997},[4998,5003,5008,5013,5018,5023,5034,5039,5044,5048,5054,5059,5064,5068,5075,5080,5085,5090,5094,5099,5104],{"type":53,"attrs":4999,"content":5000},{"textAlign":64},[5001],{"text":5002,"type":68},"The struggles with shareholders are over, the heavy debt has been reduced, and a new CEO is now in charge. Banqup, the Belgian specialist in electronic invoicing, is entering a fresh chapter. And its ambitions are big—both in scope and scale. \"We have everything we need to become the European market leader,\" says Nicolas de Beco, Banqup CEO.",{"type":53,"attrs":5004,"content":5005},{"textAlign":64},[5006],{"text":5007,"type":68},"In September 2020, Belgian fintech company Banqup went public on Euronext at €20 per share. Since then, the share price has collapsed to around €4. As a result, the specialist in electronic invoicing and payments is now barely above penny-share status—a consequence of numerous acquisitions and heavy debt.",{"type":53,"attrs":5009,"content":5010},{"textAlign":64},[5011],{"text":5012,"type":68},"‍Last year, Marc Coucke lost patience. Through his investment fund, Alychlo, he holds a 15% stake in Banqup. He pushed for several changes but was outvoted at the shareholders' meeting. However, he later got his way—at least in part.",{"type":53,"attrs":5014,"content":5015},{"textAlign":64},[5016],{"text":5017,"type":68},"‍A few months ago, Banqup appointed a new CEO, French-American Nicolas de Beco, who previously worked for French multinational and industry peer Quadient. Meanwhile, co-founder and former CEO Hans Leybaert remains with the company, now serving as chairman of the board.",{"type":53,"attrs":5019,"content":5020},{"textAlign":64},[5021],{"text":5022,"type":68},"‍The whole episode is now behind us, and shareholders are once again aligned, de Beco assures. “Everyone is fully committed to working together.” Investors should also benefit from this.",{"type":53,"attrs":5024,"content":5025},{"textAlign":64},[5026,5028,5032],{"text":5027,"type":68},"‍“I recently read on the international investment site ",{"text":5029,"type":68,"marks":5030},"Simply Wall St",[5031],{"type":3788},{"text":5033,"type":68}," that Banqup is among the top three European penny stocks with potential,” says De Beco. “Based on our current intrinsic value, our share price should be between €9 and €11 today. And that’s without considering our future plans, which will further increase the company’s value.”",{"type":53,"attrs":5035,"content":5036},{"textAlign":64},[5037],{"text":5038,"type":68},"‍What are those plans? ‘First and foremost, further deleveraging, using proceeds from the sale of activities’ says de Beco. \"Everything that is not part of the core business - especially electronic invoicing and payments - is going out the door. We sold our subsidiary in the Netherlands for 133 million euros, 7.7 million of which via an earnout (subsequent repayments of the purchase price according to the performance of the acquired company; nvdr.). With the remaining 125 million, we repaid a large part of our expensive loan with US investment fund Francisco Partners. By the end of 2024, our net debt had dropped to €29.5 million, on a balance sheet total of €323 million. A year earlier, we still had net debt of 102 million euros, out of a balance sheet total of 278 million euros. The debt reduction will also ensure that our free cash flow comes out of the red by the end of this year, which will again increase the value of Banqup.\"",{"type":53,"attrs":5040,"content":5041},{"textAlign":64},[5042],{"text":5043,"type":68},"‍Banqup's sales need to accelerate. ‘The number of subscriptions to our software should grow by 25% this year,’ says de Beco. \"Belgium has about 1.2 million companies that are required to switch to electronic invoicing by 1 January 2026. Of that group of companies, I want to get at least 20-25% of them on our e-invoicing platform Banqup. Banqup, by the way, will be the new name of our company.\"",{"type":53,"attrs":5045,"content":5046},{"textAlign":64},[5047],{"text":155,"type":68},{"type":61,"attrs":5049,"content":5050},{"level":3365,"textAlign":64},[5051],{"text":2986,"type":68,"marks":5052},[5053],{"type":71},{"type":53,"attrs":5055,"content":5056},{"textAlign":64},[5057],{"text":5058,"type":68},"‍Banqup operates in 29 countries, mainly in Europe, but is now focusing on the countries where mandatory e-invoicing is imminent. Besides Belgium, these are France and Germany. \"France will start in September 2026. Germany starts in January 2026, but there the e-invoice is being rolled out in phases,\" says de Beco. \"Of those three countries, Belgium is essential. We have to succeed at home, because of our shareholding, which is very Belgian. Our Belgian shareholders want to be able to be proud of their company. Belgium is also important as a European showcase for e-invoicing. If we succeed here, we will also succeed in France, Germany and other European countries.\"",{"type":53,"attrs":5060,"content":5061},{"textAlign":64},[5062],{"text":5063,"type":68},"‍To do so, de Beco is counting on what it says is Banqup's unique asset. \"We are one of the few e-invoice players that can serve all European countries with the same platform. That means that through our Banqup platform, companies can do business directly across Europe. This is not obvious. True, there is such a thing as Peppol (Pan-European Public Procurement Online), an international network for exchanging electronic documents, such as e-invoices. But many countries, including France, Germany, Italy and Spain, have their own invoicing and reporting systems, separate from Peppol. Our competitors have to adapt each time, Banqup does not. Because Banqup supports both Peppol and national systems, so our customers comply with local regulations every time.\"",{"type":53,"attrs":5065,"content":5066},{"textAlign":64},[5067],{"text":155,"type":68},{"type":61,"attrs":5069,"content":5070},{"level":3365,"textAlign":64},[5071],{"text":5072,"type":68,"marks":5073},"Trustee",[5074],{"type":71},{"type":53,"attrs":5076,"content":5077},{"textAlign":64},[5078],{"text":5079,"type":68},"‍To attract companies to Banqup, works with accountants and their professional associations. ‘In France, for example, this is ECMA, which has chosen Banqup's system,’ says de Beco. \"Through our partnership with ECMA, we can reach 3 million of the 4 million French companies. I do not claim that Banqup will bring in 3 million French companies. However, 3 million French companies will have the opportunity to use our platform Banqup, at the suggestion of their accountant, the fiduciary of choice for an entrepreneur.\"",{"type":53,"attrs":5081,"content":5082},{"textAlign":64},[5083],{"text":5084,"type":68},"‍Banqupt is careful not to become a competitor to accountants and other financial players. ‘Banqup will not sell accounting software,’ de Beco says. \"Banqup also includes a system for electronic payments, but we leave our customers free to continue making their payments through the bank. By the way, Banqup can connect to your bank, your accounting software, your customer follow-up system and other business processes. We remain an open platform.\"",{"type":53,"attrs":5086,"content":5087},{"textAlign":64},[5088],{"text":5089,"type":68},"‍With mandatory e-invoicing fast approaching, competition among invoicing platforms is intensifying. de Beco is confident. \"We have everything we need to become the European market leader. What we need to do now is to actually get customers on board. Belgium and France alone have a combined 5 million companies that will soon have to e-invoice. 2025 and 2026 will be crucial years for Banqup. Whether we will become the market leader, I'm not sure. But I am convinced of it.\"",{"type":53,"attrs":5091,"content":5092},{"textAlign":64},[5093],{"text":155,"type":68},{"type":61,"attrs":5095,"content":5096},{"level":3365,"textAlign":64},[5097],{"text":5098,"type":68},"Frame piece: The VAT gap",{"type":53,"attrs":5100,"content":5101},{"textAlign":64},[5102],{"text":5103,"type":68},"‍A key raison d'être for the e-invoice is more efficient VAT receipts, no luxury in these times of severe budget deficits. VAT declarations are quicker and more accurate, and VAT fraud becomes a lot easier to combat. That should help close the so-called VAT gap, the difference between expected and actually collected VAT revenue. According to figures from the European Commission, the gap reached €89 billion in the EU in 2022, representing an average 7% loss of VAT revenue. In Belgium, the gap was 4.5 billion euros, or over 12% of 36 billion euros of expected VAT revenue.",{"type":53,"attrs":5105,"content":5106},{"textAlign":64},[5107,5109],{"text":5108,"type":68},"‍Original article was published by Trends Kanaal Z and can be found ",{"text":925,"type":68,"marks":5110},[5111],{"type":105,"attrs":5112},{"href":5113,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://trends.knack.be/ondernemen/verplichte-e-factuur-moet-geplaagd-unifiedpost-een-tweede-leven-geven/",{"_uid":5115,"cards":5116,"buttons":5118,"heading":1531,"tagline":8,"component":1532,"background":48,"description":5119},"fb8a9fa9-d5bf-4290-b95c-53fe1014d9f5",[5117],"45727614-977b-4682-b1f0-b9a985c858e2",[],{"type":50,"content":5120},[5121],{"type":53},{"id":5123,"alt":4971,"name":8,"focus":8,"title":4971,"source":8,"filename":5124,"copyright":8,"fieldtype":15,"meta_data":5125,"is_external_url":17},86158137360282,"https://a.storyblok.com/f/318078/1032x600/d154f828fd/nicolas-de-beco.jpg",{"alt":4971,"title":4971,"source":8,"copyright":8},[],[],{"type":50,"content":5129},[5130],{"type":53,"attrs":5131,"content":5132},{"textAlign":64},[5133],{"text":5134,"type":68},"Shareholder tensions are resolved, debt is down, and a new CEO is steering the ship. Unifiedpost, now Banqup, the Belgian e-invoicing specialist, is embarking on a bold new chapter. “We have everything we need to become Europe’s market leader,” says CEO Nicolas de Beco.",[1545,1995],[2000,5137,5138],"France","Germany","unifiedpost-ready-for-a-second-wind-as-mandatory-e-invoicing-paves-the-way","resources/blog/unifiedpost-ready-for-a-second-wind-as-mandatory-e-invoicing-paves-the-way","2025-03-25",-340,[5144],"Rebranding","047a4c0f-fef4-4321-982b-7065e91e9a28","2025-03-25T09:32:00.000Z",[],[5149,5150,5151],{"path":5140,"name":64,"lang":519,"published":64},{"path":5140,"name":64,"lang":521,"published":64},{"path":5152,"name":5153,"lang":525,"published":55},"informationen/blog/banqup-bereit-fuer-den-zweiten-aufschwung-durch-die-kommende-e-rechnungspflicht","Banqup bereit für den zweiten Aufschwung durch die kommende E-Rechnungspflicht",{"name":5155,"created_at":5156,"published_at":5157,"updated_at":5158,"id":5159,"uuid":5160,"content":5161,"slug":5330,"full_slug":5331,"sort_by_date":5332,"position":5333,"tag_list":5334,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":5335,"first_published_at":5336,"release_id":64,"lang":48,"path":64,"alternates":5337,"default_full_slug":5331,"translated_slugs":5338,"_stopResolving":55},"Banqup joins the United Nations Global Compact: A commitment to sustainability","2025-07-09T09:35:02.175Z","2026-07-24T16:00:57.008Z","2026-07-24T16:00:57.033Z",67027362557155,"f298b99c-dda0-4176-962c-82376a6dd1ef",{"seo":5162,"_uid":5166,"body":5167,"image":5316,"theme":8,"title":5155,"author":5320,"related":5321,"summary":5322,"category":5328,"component":1996,"createdOn":8,"description":5186,"relatedCountries":5329,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":5163,"title":5164,"plugin":34,"description":5165},"d6bf0841-bffd-4c46-a23b-f2eb96aa939d","Banqup joins United Nations Global Compact  | Blog - Banqup","Banqup joins the UN Global Compact, aligning with global principles for sustainable, ethical business practices in human rights, labor, environment, and more.","a309f539-463c-4bed-b9c9-62e1a1a0e964",[5168,5178,5306],{"_uid":5169,"align":1330,"image":5170,"buttons":5174,"columns":8,"heading":5155,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":5175,"invertTextColor":55},"ea36aa2a-63f6-44bc-84b9-bdfd2c64fd76",{"id":5171,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":5172,"copyright":8,"fieldtype":15,"meta_data":5173,"is_external_url":17},94956073002723,"https://a.storyblok.com/f/318078/1925x510/29cebf7986/unifiedpost-joins-the-united-nations-global-compact-a-commitment-to-sustainability.png",{},[],{"type":50,"content":5176},[5177],{"type":53},{"_uid":5179,"text":5180,"component":505,"background":48},"421d06a9-dea3-4f1c-96bd-52c6ee4539f1",{"type":50,"content":5181},[5182,5187,5189,5196,5201,5205,5212,5217,5221,5228,5233,5280,5284,5291,5296,5301],{"type":53,"attrs":5183,"content":5184},{"textAlign":64},[5185],{"text":5186,"type":68},"Banqup is happy to announce that we have officially joined the United Nations Global Compact (UNGC), a global network committed to sustainable and responsible business practices. This step reinforces our dedication to the UN’s principles on human rights, labor, environment, and anti-corruption. Learn more about our commitment to these values and our vision for a sustainable future.",{"type":53,"attrs":5188},{"textAlign":64},{"type":61,"attrs":5190,"content":5191},{"level":3365,"textAlign":64},[5192],{"text":5193,"type":68,"marks":5194},"Banqup joins the United Nations Global Compact to drive sustainable business practices",[5195],{"type":71},{"type":53,"attrs":5197,"content":5198},{"textAlign":64},[5199],{"text":5200,"type":68},"At Banqup, we’ve always been committed to building a better, more sustainable future. Today, we are proud to announce that we have joined the United Nations Global Compact (UNGC), aligning ourselves with the world’s largest corporate sustainability initiative. This step underscores our dedication to responsible business practices and reinforces our pledge to make a positive impact on society and the environment.",{"type":53,"attrs":5202,"content":5203},{"textAlign":64},[5204],{"text":155,"type":68},{"type":61,"attrs":5206,"content":5207},{"level":3365,"textAlign":64},[5208],{"text":5209,"type":68,"marks":5210},"What is the United Nations Global Compact?",[5211],{"type":71},{"type":53,"attrs":5213,"content":5214},{"textAlign":64},[5215],{"text":5216,"type":68},"‍The UNGC is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to support UN goals. Launched in 2000, the Global Compact is grounded in ten principles that cover areas of human rights, labor standards, environmental protection, and anti-corruption efforts. By joining this network, Banqup is now part of a global community of over 15,000 companies and 3,800 non-business participants in more than 160 countries who are working together to build a more sustainable and inclusive global economy.",{"type":53,"attrs":5218,"content":5219},{"textAlign":64},[5220],{"text":155,"type":68},{"type":61,"attrs":5222,"content":5223},{"level":3365,"textAlign":64},[5224],{"text":5225,"type":68,"marks":5226},"Why is Banqup joining the Global Compact? ",[5227],{"type":71},{"type":53,"attrs":5229,"content":5230},{"textAlign":64},[5231],{"text":5232,"type":68},"Our commitment to Corporate Social Responsibility (CSR) has always been fundamental to who we are. As we move forward, joining the UNGC strengthens our resolve to pursue these values more effectively. Through the framework of the Global Compact, we will enhance our ESG (Environmental, Social, and Governance) initiatives, including:",{"type":91,"content":5234},[5235,5247,5258,5269],{"type":94,"content":5236},[5237],{"type":53,"attrs":5238,"content":5239},{"textAlign":64},[5240,5241,5245],{"text":155,"type":68},{"text":5242,"type":68,"marks":5243},"Promoting human rights:",[5244],{"type":71},{"text":5246,"type":68}," We are committed to supporting the dignity and equality of our employees and communities by fostering inclusive work environments and upholding fair labor practices.",{"type":94,"content":5248},[5249],{"type":53,"attrs":5250,"content":5251},{"textAlign":64},[5252,5256],{"text":5253,"type":68,"marks":5254},"Supporting labor rights:",[5255],{"type":71},{"text":5257,"type":68}," We aim to continuously improve working conditions within our organization and within our supply chain by adopting fair and ethical labor practices.",{"type":94,"content":5259},[5260],{"type":53,"attrs":5261,"content":5262},{"textAlign":64},[5263,5267],{"text":5264,"type":68,"marks":5265},"Reducing environmental impact:",[5266],{"type":71},{"text":5268,"type":68}," Sustainability is an essential part of our mission at Banqup. We are implementing resource minimization policies, promoting energy efficiency, and continuing our transition to digital-first solutions to reduce paper use and waste.",{"type":94,"content":5270},[5271],{"type":53,"attrs":5272,"content":5273},{"textAlign":64},[5274,5278],{"text":5275,"type":68,"marks":5276},"Strengthening anti-corruption measures:",[5277],{"type":71},{"text":5279,"type":68}," Integrity is at the core of our work. Banqup has implemented strong ethical policies to maintain transparency and accountability in all of our business activities.",{"type":53,"attrs":5281,"content":5282},{"textAlign":64},[5283],{"text":155,"type":68},{"type":61,"attrs":5285,"content":5286},{"level":3365,"textAlign":64},[5287],{"text":5288,"type":68,"marks":5289},"Moving forward: How we’ll uphold the ten principles",[5290],{"type":71},{"type":53,"attrs":5292,"content":5293},{"textAlign":64},[5294],{"text":5295,"type":68},"‍At Banqup, our commitment to the UNGC’s ten principles means more than words on paper - it’s a call to action. Over the coming years, we will be embedding these principles into our corporate strategy, culture, and daily operations. This will include regular training on sustainable practices, ongoing reporting of our progress, and refining our approach as we learn and grow in our commitment.",{"type":53,"attrs":5297,"content":5298},{"textAlign":64},[5299],{"text":5300,"type":68},"‍We look forward to sharing our journey with our employees, partners, and clients as we work together to make a meaningful impact. Joining the United Nations Global Compact marks a new chapter in Banqup's story, one that brings us closer to a sustainable future for all.",{"type":53,"attrs":5302,"content":5303},{"textAlign":64},[5304],{"text":5305,"type":68},"‍Stay tuned as we provide updates on our progress and share stories of how we’re making a difference. Together, let’s drive positive change for our world.",{"_uid":5307,"cards":5308,"buttons":5312,"heading":1531,"tagline":8,"component":1532,"background":48,"description":5313},"4e53c4d5-c9bf-4563-9547-680bb5f1021d",[5309,5310,5311],"b1053b54-fb5c-4fe3-9ea0-e1618f517814","4ef02f0c-e7c4-4aa2-bb98-83ff723c0fdb","ad585f4d-da41-48ca-b5c5-2503c421b758",[],{"type":50,"content":5314},[5315],{"type":53},{"id":5317,"alt":5155,"name":8,"focus":8,"title":5155,"source":8,"filename":5318,"copyright":8,"fieldtype":15,"meta_data":5319,"is_external_url":17},67029921098376,"https://a.storyblok.com/f/318078/1920x1156/5df2527734/ungc.jpg",{"alt":5155,"title":5155,"source":8,"copyright":8},[],[],{"type":50,"content":5323},[5324],{"type":53,"attrs":5325,"content":5326},{"textAlign":64},[5327],{"text":5186,"type":68},[1546,1545],[],"banqup-joins-the-united-nations-global-compact-a-commitment-to-sustainability","resources/blog/banqup-joins-the-united-nations-global-compact-a-commitment-to-sustainability","2024-11-22",-60,[],"9d8259c4-cdf3-48e7-9d9c-453540569222","2024-11-22T09:32:00.000Z",[],[5339,5340,5341],{"path":5331,"name":64,"lang":519,"published":64},{"path":5331,"name":64,"lang":521,"published":64},{"path":5342,"name":5343,"lang":525,"published":55},"informationen/blog/banqup-tritt-dem-un-global-compact-bei-ein-bekenntnis-zur-nachhaltigkeit","Banqup tritt dem UN Global Compact bei: Ein Bekenntnis zur Nachhaltigkeit",{"name":5345,"created_at":5346,"published_at":5347,"updated_at":5348,"id":5349,"uuid":5350,"content":5351,"slug":5640,"full_slug":5641,"sort_by_date":5642,"position":5643,"tag_list":5644,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":5645,"first_published_at":5646,"release_id":64,"lang":48,"path":64,"alternates":5647,"default_full_slug":5641,"translated_slugs":5648,"_stopResolving":55},"7 key benefits of e-invoicing for accounting firms","2025-05-06T17:38:30.964Z","2026-07-24T16:01:56.557Z","2026-07-24T16:01:56.583Z",665513537,"e47ec1bc-2627-4ddf-add7-9e7119fb6a91",{"seo":5352,"_uid":5356,"body":5357,"image":5625,"theme":8,"title":5345,"author":5629,"related":5631,"summary":5632,"category":5638,"component":1996,"createdOn":8,"description":5376,"relatedCountries":5639,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":5353,"title":5354,"plugin":34,"description":5355},"8e6afa58-d8ea-4383-9245-6e8b51783268","7 Key benefits of e-invoicing for accounting firms | Blog - Banqup","Discover how e-invoicing transforms accounting firms by boosting efficiency, ensuring compliance, automating processes, and unlocking new service opportunities for growth.","6021125e-3cfa-4d87-a9e2-fc20d6d742c6",[5358,5368,5616],{"_uid":5359,"align":1330,"image":5360,"theme":542,"buttons":5364,"columns":8,"heading":5345,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":545,"headingTag":1337,"description":5365,"invertTextColor":55},"9b9661fb-69e7-429a-b019-9d827546530c",{"id":5361,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":5362,"copyright":8,"fieldtype":15,"meta_data":5363,"is_external_url":17},96384828363190,"https://a.storyblok.com/f/318078/1925x510/cf19892483/unifiedpost-group-and-munich-re-offer-flexible-financing-for-german-smes.png",{},[],{"type":50,"content":5366},[5367],{"type":53},{"_uid":5369,"text":5370,"component":505,"background":48,"invertTextColor":55},"b3373e86-6147-414c-beb2-c88ff012437c",{"type":50,"content":5371},[5372,5380,5382,5390,5398,5412,5414,5422,5430,5443,5445,5453,5461,5474,5476,5484,5492,5505,5507,5515,5523,5536,5538,5546,5554,5567,5569,5577,5585,5598,5600,5608],{"type":53,"attrs":5373,"content":5374},{"textAlign":64},[5375],{"text":5376,"type":68,"marks":5377},"As the accounting industry evolves, e-invoicing is becoming a key solution for firms looking to streamline processes, reduce errors, and stay compliant with increasing regulatory demands. Here’s how e-invoicing benefits accounting firms and their clients.",[5378],{"type":1352,"attrs":5379},{"color":1462},{"type":53,"attrs":5381},{"textAlign":64},{"type":61,"attrs":5383,"content":5384},{"level":3365,"textAlign":64},[5385],{"text":5386,"type":68,"marks":5387},"1. Increased efficiency and speed",[5388],{"type":1352,"attrs":5389},{"color":1462},{"type":53,"attrs":5391,"content":5392},{"textAlign":64},[5393],{"text":5394,"type":68,"marks":5395},"Traditional invoice processing can be slow, error-prone, and labor-intensive. E-invoicing accelerates the entire process — from creation to dispatch and archiving. By automating these steps, accountants can process invoices faster, reducing delays and human error. Real-time access to invoices also means no more waiting for data, enabling faster decision-making and improved cash flow management.",[5396],{"type":1352,"attrs":5397},{"color":1462},{"type":53,"attrs":5399,"content":5400},{"textAlign":64},[5401,5407],{"text":5402,"type":68,"marks":5403},"Key benefit:",[5404,5406],{"type":1352,"attrs":5405},{"color":1462},{"type":71},{"text":5408,"type":68,"marks":5409}," Faster invoice processing and immediate data access, reducing manual work.",[5410],{"type":1352,"attrs":5411},{"color":1462},{"type":53,"attrs":5413},{"textAlign":64},{"type":61,"attrs":5415,"content":5416},{"level":3365,"textAlign":64},[5417],{"text":5418,"type":68,"marks":5419},"2. Enhanced automation and data handling",[5420],{"type":1352,"attrs":5421},{"color":1462},{"type":53,"attrs":5423,"content":5424},{"textAlign":64},[5425],{"text":5426,"type":68,"marks":5427},"E-invoicing eliminates the need for manual data entry. Invoice data is automatically imported into accounting systems, reducing the risk of input errors. Additionally, predefined accounting entries can be set up to speed up processes further. This automation not only saves time but ensures data accuracy, facilitating better financial management and reporting.",[5428],{"type":1352,"attrs":5429},{"color":1462},{"type":53,"attrs":5431,"content":5432},{"textAlign":64},[5433,5438],{"text":5402,"type":68,"marks":5434},[5435,5437],{"type":1352,"attrs":5436},{"color":1462},{"type":71},{"text":5439,"type":68,"marks":5440}," Less manual data entry, better data accuracy, and near real-time reporting.",[5441],{"type":1352,"attrs":5442},{"color":1462},{"type":53,"attrs":5444},{"textAlign":64},{"type":61,"attrs":5446,"content":5447},{"level":3365,"textAlign":64},[5448],{"text":5449,"type":68,"marks":5450},"3. Improved compliance and transparency",[5451],{"type":1352,"attrs":5452},{"color":1462},{"type":53,"attrs":5454,"content":5455},{"textAlign":64},[5456],{"text":5457,"type":68,"marks":5458},"E-invoicing ensures invoices comply with VAT rules and other regulatory requirements, reducing the risk of fines and errors. Automatic submission of data to tax authorities streamlines VAT reporting. This improves transparency, as invoices are more tamper-proof and easily auditable, making it easier for firms to stay compliant with changing tax regulations.",[5459],{"type":1352,"attrs":5460},{"color":1462},{"type":53,"attrs":5462,"content":5463},{"textAlign":64},[5464,5469],{"text":5402,"type":68,"marks":5465},[5466,5468],{"type":1352,"attrs":5467},{"color":1462},{"type":71},{"text":5470,"type":68,"marks":5471}," Automated compliance with VAT and tax reporting requirements.",[5472],{"type":1352,"attrs":5473},{"color":1462},{"type":53,"attrs":5475},{"textAlign":64},{"type":61,"attrs":5477,"content":5478},{"level":3365,"textAlign":64},[5479],{"text":5480,"type":68,"marks":5481},"4. Streamlined audit processes",[5482],{"type":1352,"attrs":5483},{"color":1462},{"type":53,"attrs":5485,"content":5486},{"textAlign":64},[5487],{"text":5488,"type":68,"marks":5489},"E-invoicing simplifies audits by providing real-time access to structured, machine-readable financial data. Auditors can access up-to-date transaction records, reducing the time spent manually verifying data. This reduces human error and speeds up the audit process, allowing firms to focus more on high-value activities.",[5490],{"type":1352,"attrs":5491},{"color":1462},{"type":53,"attrs":5493,"content":5494},{"textAlign":64},[5495,5500],{"text":5402,"type":68,"marks":5496},[5497,5499],{"type":1352,"attrs":5498},{"color":1462},{"type":71},{"text":5501,"type":68,"marks":5502}," Faster, more accurate audits and less time spent on manual data verification.",[5503],{"type":1352,"attrs":5504},{"color":1462},{"type":53,"attrs":5506},{"textAlign":64},{"type":61,"attrs":5508,"content":5509},{"level":3365,"textAlign":64},[5510],{"text":5511,"type":68,"marks":5512},"5. Focus on higher-value activities",[5513],{"type":1352,"attrs":5514},{"color":1462},{"type":53,"attrs":5516,"content":5517},{"textAlign":64},[5518],{"text":5519,"type":68,"marks":5520},"Automating routine tasks such as invoice processing frees up valuable time for accountants. Rather than spending hours entering data or reconciling accounts, accountants can focus on more strategic activities like financial analysis, preparing statements, and advising clients on compliance and business decisions. This shift allows firms to offer higher-value services and become trusted business advisors.",[5521],{"type":1352,"attrs":5522},{"color":1462},{"type":53,"attrs":5524,"content":5525},{"textAlign":64},[5526,5531],{"text":5402,"type":68,"marks":5527},[5528,5530],{"type":1352,"attrs":5529},{"color":1462},{"type":71},{"text":5532,"type":68,"marks":5533}," More time for advisory services and client-focused work.",[5534],{"type":1352,"attrs":5535},{"color":1462},{"type":53,"attrs":5537},{"textAlign":64},{"type":61,"attrs":5539,"content":5540},{"level":3365,"textAlign":64},[5541],{"text":5542,"type":68,"marks":5543},"6. New opportunities for service expansion",[5544],{"type":1352,"attrs":5545},{"color":1462},{"type":53,"attrs":5547,"content":5548},{"textAlign":64},[5549],{"text":5550,"type":68,"marks":5551},"E-invoicing enables accounting firms to offer remote and cloud-based services. As larger companies increasingly look to outsource their accounting services — particularly to navigate complex compliance requirements — firms with e-invoicing expertise can tap into a broader client base. This provides firms with new growth opportunities, especially with businesses that need more sophisticated accounting and compliance support.",[5552],{"type":1352,"attrs":5553},{"color":1462},{"type":53,"attrs":5555,"content":5556},{"textAlign":64},[5557,5562],{"text":5402,"type":68,"marks":5558},[5559,5561],{"type":1352,"attrs":5560},{"color":1462},{"type":71},{"text":5563,"type":68,"marks":5564}," Ability to scale services and expand client portfolios, especially with larger businesses.",[5565],{"type":1352,"attrs":5566},{"color":1462},{"type":53,"attrs":5568},{"textAlign":64},{"type":61,"attrs":5570,"content":5571},{"level":3365,"textAlign":64},[5572],{"text":5573,"type":68,"marks":5574},"7. Improved client collaboration and workflow",[5575],{"type":1352,"attrs":5576},{"color":1462},{"type":53,"attrs":5578,"content":5579},{"textAlign":64},[5580],{"text":5581,"type":68,"marks":5582},"E-invoicing systems often require close collaboration between firms and clients, leading to better communication and workflow. By implementing common technical solutions, firms can help clients understand the implications of mandatory e-invoicing and provide advisory support. This strengthens the client relationship and positions accounting firms as trusted partners.",[5583],{"type":1352,"attrs":5584},{"color":1462},{"type":53,"attrs":5586,"content":5587},{"textAlign":64},[5588,5593],{"text":5402,"type":68,"marks":5589},[5590,5592],{"type":1352,"attrs":5591},{"color":1462},{"type":71},{"text":5594,"type":68,"marks":5595}," Enhanced client collaboration, leading to stronger, long-term relationships.",[5596],{"type":1352,"attrs":5597},{"color":1462},{"type":53,"attrs":5599},{"textAlign":64},{"type":61,"attrs":5601,"content":5602},{"level":3365,"textAlign":64},[5603],{"text":5604,"type":68,"marks":5605},"Conclusion",[5606],{"type":1352,"attrs":5607},{"color":1462},{"type":53,"attrs":5609,"content":5610},{"textAlign":64},[5611],{"text":5612,"type":68,"marks":5613},"E-invoicing is not just a tool for improving efficiency; it’s a catalyst for change in accounting firms. From reducing manual work and errors to improving compliance and enabling new services, e-invoicing helps firms shift from transactional tasks to more strategic, advisory roles. By adopting e-invoicing, firms can stay competitive, grow their client base, and offer more value to their clients.",[5614],{"type":1352,"attrs":5615},{"color":1462},{"_uid":5617,"cards":5618,"buttons":5621,"heading":1531,"tagline":8,"component":1532,"background":48,"description":5622},"6aef2fce-e58e-427c-a7e5-a5771e4dd495",[5350,5619,5620],"0451c29d-6831-4987-9c06-72e7ec2e90c4","f4e5c003-492f-4ead-a316-f9274f7c80a5",[],{"type":50,"content":5623},[5624],{"type":53},{"id":5626,"alt":5345,"name":8,"focus":8,"title":5345,"source":8,"filename":5627,"copyright":8,"fieldtype":15,"meta_data":5628,"is_external_url":17},22209322,"https://a.storyblok.com/f/318078/8192x4320/27dfced3cc/shutterstock_2302383365.jpg",{"alt":5345,"title":5345,"source":8,"copyright":8},[5630],"887d25bd-4a5c-4dae-8f92-e0d6a2a16cc5",[],{"type":50,"content":5633},[5634],{"type":53,"attrs":5635,"content":5636},{"textAlign":64},[5637],{"text":5376,"type":68},[1994,2966],[],"7-key-benefits-of-e-invoicing-for-accounting-firms","resources/blog/7-key-benefits-of-e-invoicing-for-accounting-firms","2025-05-21",20,[],"7f9c038c-a8a4-4919-b22d-db8b4fa0e58e","2025-05-21T12:42:17.109Z",[],[5649,5650,5651],{"path":5641,"name":64,"lang":519,"published":64},{"path":5641,"name":64,"lang":521,"published":64},{"path":5652,"name":5653,"lang":525,"published":55},"informationen/blog/7-wesentliche-vorteile-der-elektronischen-rechnungsstellung-fuer-wirtschaftspruefungsgesellschaften","7 wesentliche Vorteile der elektronischen Rechnungsstellung für Wirtschaftsprüfungsgesellschaften",{"name":5655,"created_at":5656,"published_at":5657,"updated_at":5658,"id":5659,"uuid":5619,"content":5660,"slug":5992,"full_slug":5993,"sort_by_date":5642,"position":5994,"tag_list":5995,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":5996,"first_published_at":5997,"release_id":64,"lang":48,"path":64,"alternates":5998,"default_full_slug":5993,"translated_slugs":5999,"_stopResolving":55},"History of Peppol","2025-04-29T15:43:20.947Z","2026-07-24T16:03:40.663Z","2026-07-24T16:03:40.692Z",662484718,{"seo":5661,"_uid":5665,"body":5666,"image":5976,"theme":8,"title":5978,"author":5981,"related":5982,"summary":5983,"category":5990,"component":1996,"createdOn":8,"description":5989,"relatedCountries":5991,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":5662,"title":5663,"plugin":34,"description":5664},"05aa37ff-8b18-4ee0-bfdc-70b0cd16dc28","The history of Peppol | Blog - Banqup","Explore the history of Peppol—from its EU origins to its global expansion—and discover how this e-invoicing standard is transforming procurement and compliance for businesses worldwide.","f99d60c6-ab2d-486b-b5a8-5ca0dc7004cd",[5667,5678,5969],{"_uid":5668,"align":1330,"image":5669,"buttons":5673,"columns":8,"heading":5674,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":5675,"invertTextColor":55},"16bb867f-f170-4db0-8211-dbf93c3e9ad2",{"id":5670,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":5671,"copyright":8,"fieldtype":15,"meta_data":5672,"is_external_url":17},97449025959794,"https://a.storyblok.com/f/318078/3840x1017/98f60fcdd2/follow-up-poland-s-ksef-evolution-challenges-solutions-and-implementation-outlook.png",{},[],"The history of Peppol",{"type":50,"content":5676},[5677],{"type":53},{"_uid":5679,"text":5680,"component":505,"background":48},"ad6c50c4-04b7-464e-bde7-79e94fe0a66d",{"type":50,"content":5681},[5682,5701,5703,5712,5720,5730,5738,5746,5748,5757,5765,5767,5776,5784,5792,5794,5803,5811,5819,5821,5830,5838,5904,5906,5915,5923,5931,5933,5942,5950],{"type":53,"attrs":5683,"content":5684},{"textAlign":64},[5685,5690,5696],{"text":5686,"type":68,"marks":5687},"In the digital age, efficiency and accuracy in procurement and invoicing processes have become more crucial than ever. Enter ",[5688],{"type":1352,"attrs":5689},{"color":1462},{"text":5691,"type":68,"marks":5692},"Peppol ",[5693,5695],{"type":1352,"attrs":5694},{"color":1462},{"type":71},{"text":5697,"type":68,"marks":5698},"(previously known as Pan-European Public Procurement Online - nowadays used just as a trademark), an initiative designed to streamline cross-border procurement by standardizing the exchange of electronic documents. Since its inception, Peppol has played a significant role in transforming the way businesses and governments manage procurement and invoicing. In this post, we’ll dive into the history of PEPPOL, how it’s evolved, and why it’s now at the forefront of e-invoicing and procurement solutions worldwide.",[5699],{"type":1352,"attrs":5700},{"color":1462},{"type":53,"attrs":5702},{"textAlign":64},{"type":61,"attrs":5704,"content":5705},{"level":3365,"textAlign":64},[5706],{"text":5707,"type":68,"marks":5708},"What is Peppol?",[5709,5711],{"type":1352,"attrs":5710},{"color":1462},{"type":71},{"type":53,"attrs":5713,"content":5714},{"textAlign":64},[5715],{"text":5716,"type":68,"marks":5717},"Peppol was created to simplify the public procurement process by establishing a secure, standardized platform for exchanging electronic documents like invoices, purchase orders, and contracts. Initially launched in Europe, the network has expanded to include countries worldwide, and is now a critical component of digital procurement systems.",[5718],{"type":1352,"attrs":5719},{"color":1462},{"type":61,"attrs":5721,"content":5722},{"level":3646,"textAlign":64},[5723,5724],{"type":78},{"text":5725,"type":68,"marks":5726},"Theearly beginnings of PEPPOL (2008-2011)",[5727,5729],{"type":1352,"attrs":5728},{"color":1462},{"type":71},{"type":53,"attrs":5731,"content":5732},{"textAlign":64},[5733],{"text":5734,"type":68,"marks":5735},"The story of Peppol began in 2008 as part of the European Union's IDABC (Interoperable Delivery of European eGovernment Services) program. The goal was to reduce inefficiencies and administrative burdens in cross-border public procurement. By creating an open, interoperable network for document exchange, Peppol aimed to lower costs, increase transparency, and streamline procurement operations across member states.",[5736],{"type":1352,"attrs":5737},{"color":1462},{"type":53,"attrs":5739,"content":5740},{"textAlign":64},[5741],{"text":5742,"type":68,"marks":5743},"During this time, Norway, Sweden, and the Netherlands were the first countries to adopt Peppol, and they played a pivotal role in laying the groundwork for what would become a much broader European initiative.",[5744],{"type":1352,"attrs":5745},{"color":1462},{"type":53,"attrs":5747},{"textAlign":64},{"type":61,"attrs":5749,"content":5750},{"level":3646,"textAlign":64},[5751],{"text":5752,"type":68,"marks":5753},"Peppol's expansion and the rise of e-invoicing (2011-2014)",[5754,5756],{"type":1352,"attrs":5755},{"color":1462},{"type":71},{"type":53,"attrs":5758,"content":5759},{"textAlign":64},[5760],{"text":5761,"type":68,"marks":5762},"By 2011, Peppol had gained traction, and more European countries began to join the network. The introduction of standardized document formats and protocols (such as UBL – Universal Business Language) allowed Peppol to facilitate secure and efficient cross-border communication. During this period, the number of public sector entities utilizing the network grew rapidly, with key documents like invoices, orders, and contracts becoming increasingly digitized.",[5763],{"type":1352,"attrs":5764},{"color":1462},{"type":53,"attrs":5766},{"textAlign":64},{"type":61,"attrs":5768,"content":5769},{"level":3646,"textAlign":64},[5770],{"text":5771,"type":68,"marks":5772},"The Peppol revolution: Interoperability and growth (2014-2018)",[5773,5775],{"type":1352,"attrs":5774},{"color":1462},{"type":71},{"type":53,"attrs":5777,"content":5778},{"textAlign":64},[5779],{"text":5780,"type":68,"marks":5781},"From 2014 onward, Peppol took a significant leap forward. A key milestone was the EU’s e-Invoicing Directive, introduced in 2018, which required all EU member states to implement e-invoicing for public procurement. This regulation naturally aligned with Peppol’s objectives, driving further adoption of the network. As a result, PEPPOL became the go-to network for government-to-business (G2B) e-invoicing.",[5782],{"type":1352,"attrs":5783},{"color":1462},{"type":53,"attrs":5785,"content":5786},{"textAlign":64},[5787],{"text":5788,"type":68,"marks":5789},"In this phase, Peppol also expanded beyond public procurement to accommodate a broader range of business documents, making it even more versatile. Moreover, the network’s decentralized structure, which relies on certified Access Points (APs) to securely transmit documents, made it highly scalable and interoperable.",[5790],{"type":1352,"attrs":5791},{"color":1462},{"type":53,"attrs":5793},{"textAlign":64},{"type":61,"attrs":5795,"content":5796},{"level":3646,"textAlign":64},[5797],{"text":5798,"type":68,"marks":5799},"Peppol's global reach and future (2018-Present)",[5800,5802],{"type":1352,"attrs":5801},{"color":1462},{"type":71},{"type":53,"attrs":5804,"content":5805},{"textAlign":64},[5806],{"text":5807,"type":68,"marks":5808},"Today, Peppol’s influence extends far beyond Europe. Countries like Australia, New Zealand, and Singapore have adopted Peppol standards for e-invoicing and procurement, helping businesses achieve greater efficiency and compliance in their supply chains.",[5809],{"type":1352,"attrs":5810},{"color":1462},{"type":53,"attrs":5812,"content":5813},{"textAlign":64},[5814],{"text":5815,"type":68,"marks":5816},"The global adoption of Peppol is also reinforced by its ability to meet the rising demand for secure, standardized document exchange across borders. With the continued push for digital transformation, Peppol is poised to play an even larger role in streamlining global procurement and invoicing systems.",[5817],{"type":1352,"attrs":5818},{"color":1462},{"type":53,"attrs":5820},{"textAlign":64},{"type":61,"attrs":5822,"content":5823},{"level":3646,"textAlign":64},[5824],{"text":5825,"type":68,"marks":5826},"Why Peppol matters for businesses",[5827,5829],{"type":1352,"attrs":5828},{"color":1462},{"type":71},{"type":53,"attrs":5831,"content":5832},{"textAlign":64},[5833],{"text":5834,"type":68,"marks":5835},"For businesses, Peppol’s standardization offers numerous benefits, including:",[5836],{"type":1352,"attrs":5837},{"color":1462},{"type":91,"content":5839},[5840,5856,5872,5888],{"type":94,"content":5841},[5842],{"type":53,"attrs":5843,"content":5844},{"textAlign":64},[5845,5851],{"text":5846,"type":68,"marks":5847},"Cost efficiency:",[5848,5850],{"type":1352,"attrs":5849},{"color":1462},{"type":71},{"text":5852,"type":68,"marks":5853}," Automating procurement and invoicing processes eliminates paper-based operations, reducing overhead costs.",[5854],{"type":1352,"attrs":5855},{"color":1462},{"type":94,"content":5857},[5858],{"type":53,"attrs":5859,"content":5860},{"textAlign":64},[5861,5867],{"text":5862,"type":68,"marks":5863},"Faster transactions:",[5864,5866],{"type":1352,"attrs":5865},{"color":1462},{"type":71},{"text":5868,"type":68,"marks":5869}," Peppol speeds up document exchange, improving cash flow and reducing delays.",[5870],{"type":1352,"attrs":5871},{"color":1462},{"type":94,"content":5873},[5874],{"type":53,"attrs":5875,"content":5876},{"textAlign":64},[5877,5883],{"text":5878,"type":68,"marks":5879},"Regulatory compliance:",[5880,5882],{"type":1352,"attrs":5881},{"color":1462},{"type":71},{"text":5884,"type":68,"marks":5885}," Peppol helps businesses meet e-invoicing and public procurement mandates, ensuring they comply with local and international regulations.",[5886],{"type":1352,"attrs":5887},{"color":1462},{"type":94,"content":5889},[5890],{"type":53,"attrs":5891,"content":5892},{"textAlign":64},[5893,5899],{"text":5894,"type":68,"marks":5895},"Global connectivity:",[5896,5898],{"type":1352,"attrs":5897},{"color":1462},{"type":71},{"text":5900,"type":68,"marks":5901}," With the expansion of Peppol outside of Europe, businesses can now engage in cross-border transactions with ease, increasing opportunities for growth.",[5902],{"type":1352,"attrs":5903},{"color":1462},{"type":53,"attrs":5905},{"textAlign":64},{"type":61,"attrs":5907,"content":5908},{"level":3646,"textAlign":64},[5909],{"text":5910,"type":68,"marks":5911},"Banqup: Supporting Peppol across 13 countries",[5912,5914],{"type":1352,"attrs":5913},{"color":1462},{"type":71},{"type":53,"attrs":5916,"content":5917},{"textAlign":64},[5918],{"text":5919,"type":68,"marks":5920},"At Banqup, we understand the importance of seamless, secure, and compliant e-invoicing solutions. As a Peppol-certified provider, we proudly support businesses in 8 certified countries and are active in 13 countries. Our platform offers a robust solution for connecting businesses to the Peppol network, helping organizations reduce friction, ensure compliance, and optimize their procurement and invoicing processes.",[5921],{"type":1352,"attrs":5922},{"color":1462},{"type":53,"attrs":5924,"content":5925},{"textAlign":64},[5926],{"text":5927,"type":68,"marks":5928},"Whether you're a small business or a large enterprise, Banqup simplifies the process of adopting Peppol, enabling your organization to quickly integrate into the global e-invoicing network. With Banqup, you can leverage Peppol’s capabilities for a more efficient and future-proof business.",[5929],{"type":1352,"attrs":5930},{"color":1462},{"type":53,"attrs":5932},{"textAlign":64},{"type":61,"attrs":5934,"content":5935},{"level":3646,"textAlign":64},[5936],{"text":5937,"type":68,"marks":5938},"Key takeaways",[5939,5941],{"type":1352,"attrs":5940},{"color":1462},{"type":71},{"type":53,"attrs":5943,"content":5944},{"textAlign":64},[5945],{"text":5946,"type":68,"marks":5947},"From its early beginnings as an EU project to its current status as a global standard for e-invoicing and procurement, Peppol has proven to be a game-changer for businesses and governments alike. Its ability to facilitate secure, standardized exchanges of electronic documents has made it an essential tool for businesses looking to streamline operations and stay ahead of regulatory changes.",[5948],{"type":1352,"attrs":5949},{"color":1462},{"type":53,"attrs":5951,"content":5952},{"textAlign":64},[5953,5958,5964],{"text":5954,"type":68,"marks":5955},"As Peppol continues to grow and evolve, businesses like yours need a trusted partner to ensure a smooth transition into the network. Banqup is that partner, with its global presence, certification in multiple countries, and commitment to simplifying e-invoicing. ",[5956],{"type":1352,"attrs":5957},{"color":1462},{"text":5959,"type":68,"marks":5960},"Ready to join the Peppol network?",[5961,5963],{"type":1352,"attrs":5962},{"color":1462},{"type":71},{"text":5965,"type":68,"marks":5966}," Reach out to Banqup today to learn more about how we can help you streamline your procurement and invoicing processes.",[5967],{"type":1352,"attrs":5968},{"color":1462},{"_uid":5970,"cards":5971,"buttons":5972,"heading":1531,"tagline":8,"component":1532,"background":48,"description":5973},"ade47b8b-a942-418e-9274-7970a28d3297",[5350,5619,5620],[],{"type":50,"content":5974},[5975],{"type":53},{"id":5977,"alt":5978,"name":8,"focus":8,"title":5978,"source":8,"filename":5979,"copyright":8,"fieldtype":15,"meta_data":5980,"is_external_url":17},62402563770726,"The History of Peppol","https://a.storyblok.com/f/318078/6149x4100/6322487cd8/man-looking-at-ipad.jpg",{"alt":5978,"title":5978,"source":8,"copyright":8},[5630],[],{"type":50,"content":5984},[5985],{"type":53,"attrs":5986,"content":5987},{"textAlign":64},[5988],{"text":5989,"type":68},"In the digital age, efficiency and accuracy in procurement and invoicing processes have become more crucial than ever. Enter PEPPOL (previously known as Pan-European Public Procurement Online - nowadays used just as a trademark), an initiative designed to streamline cross-border procurement by standardizing the exchange of electronic documents. ",[1995],[],"history-of-peppol","resources/blog/history-of-peppol",40,[],"30eb11e4-0634-4115-864c-1e96bc135c1b","2025-05-21T12:42:17.438Z",[],[6000,6001,6002],{"path":5993,"name":64,"lang":519,"published":64},{"path":5993,"name":64,"lang":521,"published":64},{"path":6003,"name":6004,"lang":525,"published":55},"informationen/blog/die-geschichte-von-peppol","Die Geschichte von Peppol",[],{"type":50,"content":6007},[6008],{"type":53},{"id":6010,"alt":4745,"name":8,"focus":8,"title":4745,"source":8,"filename":6011,"copyright":8,"fieldtype":15,"meta_data":6012,"is_external_url":17},86483483210652,"https://a.storyblok.com/f/318078/500x300/162a4022a8/6763dff47c3fd2b4e3acc9df_shutterstock_2217825951.jpg",{"alt":4745,"title":4745,"source":8,"copyright":8},[6014],"41745941-c981-464a-af26-86dabe774fa4",[],{"type":50,"content":6017},[6018],{"type":53,"attrs":6019,"content":6020},{"textAlign":64},[6021],{"text":4777,"type":68},[1994,2966,2970],[],"vat-compliance-transforming-burden-into-business-opportunity","resources/blog/vat-compliance-transforming-burden-into-business-opportunity","2024-12-19",-520,[],"fa6ee1d0-0ba1-44b5-923e-c44fa7493414","2024-12-19T09:32:00.000Z",[],[6033,6034,6035],{"path":6025,"name":64,"lang":519,"published":64},{"path":6025,"name":64,"lang":521,"published":64},{"path":6036,"name":6037,"lang":525,"published":55},"informationen/blog/mwst-compliance-von-der-belastung-zur-geschaeftschance","MwSt-Compliance: Von der Belastung zur Geschäftschance",{"name":6039,"created_at":6040,"published_at":6041,"updated_at":6042,"id":6043,"uuid":6044,"content":6045,"slug":6340,"full_slug":6341,"sort_by_date":6342,"position":6343,"tag_list":6344,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":6345,"first_published_at":6346,"release_id":64,"lang":48,"path":64,"alternates":6347,"default_full_slug":6341,"translated_slugs":6348,"_stopResolving":55},"Accountants and tax advisers prepare businesses for e-invoicing but 75% still need to take steps","2025-09-02T09:16:50.513Z","2026-07-10T13:56:40.430Z","2026-07-10T13:56:40.461Z",86487083104620,"8b6e8221-cabb-451a-9299-821fceaa2711",{"seo":6046,"_uid":6050,"body":6051,"image":6326,"theme":8,"title":6039,"author":6328,"related":6329,"summary":6330,"category":6337,"component":1996,"createdOn":8,"description":6338,"relatedCountries":6339,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":6047,"title":6048,"plugin":34,"description":6049},"40275285-aedb-45c0-8f70-9ddc18093728","Accountants help businesses with e-invoicing, but 75% still need to take action | Blog - Banqup","Prepare for e-invoicing: 75% of Belgian businesses still need to take action before the 2026 deadline. Discover insights from ITAA and Banqup's survey on accountants' role in driving this digital transformation.","d129c713-c7e4-4580-99f4-d3a8ff46f296",[6052,6062,6314],{"_uid":6053,"align":1330,"image":6054,"theme":8,"buttons":6058,"columns":8,"heading":6039,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":48,"headingTag":1337,"description":6059,"invertTextColor":55},"73c415a5-8f66-4efb-b1e0-d102665f393d",{"id":6055,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":6056,"copyright":8,"fieldtype":15,"meta_data":6057,"is_external_url":17},101371021684749,"https://a.storyblok.com/f/318078/3840x1017/b425206681/accountants-and-tax-advisers-prepare-businesses-for-e-invoicing-but-75-still-need-to-take-steps-2.png",{},[],{"type":50,"content":6060},[6061],{"type":53},{"_uid":6063,"text":6064,"component":505,"background":48},"a6c85d38-362c-48a4-ac48-fb4fcda8c770",{"type":50,"content":6065},[6066,6095,6100,6105,6110,6126,6131,6136,6141,6176,6189,6194,6199,6206,6228,6233,6279,6289,6294,6304],{"type":53,"attrs":6067,"content":6068},{"textAlign":64},[6069,6073,6080,6084,6091],{"text":6070,"type":68,"marks":6071},"Brussels, 12.12.2024 - From 1 January 2026, Belgian VAT-registered companies will be required to send and receive structured electronic invoices. This measure is part of a broader digital transformation aimed at making businesses more efficient, transparent and competitive. The ",[6072],{"type":71},{"text":6074,"type":68,"marks":6075},"Institute for Tax Advisors and Accountants",[6076,6079],{"type":105,"attrs":6077},{"href":6078,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.itaa.be/nl/home/",{"type":71},{"text":6081,"type":68,"marks":6082}," (ITAA) and Banqup (",[6083],{"type":71},{"text":6085,"type":68,"marks":6086},"Billtobox",[6087,6090],{"type":105,"attrs":6088},{"href":6089,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"https://www.billtobox.com/be-en",{"type":71},{"text":6092,"type":68,"marks":6093},") jointly conducted a survey of accountants to identify the current status and challenges. The responses show that almost 25% of firms are already currently using a solution, indicating a challenge in preparing for this transition.",[6094],{"type":71},{"type":61,"attrs":6096,"content":6097},{"level":3365,"textAlign":64},[6098],{"text":6099,"type":68},"A mixed picture of e-invoicing preparations",{"type":53,"attrs":6101,"content":6102},{"textAlign":64},[6103],{"text":6104,"type":68},"‍The survey offers a keen insight into how businesses and accountants are preparing for the e-invoicing requirement that will take effect in 2026. About 25% of businesses currently appear to be ready to send and receive structured electronic invoices. This means that the vast majority of Belgian companies still need to make an effort to be ready in time.",{"type":53,"attrs":6106,"content":6107},{"textAlign":64},[6108],{"text":6109,"type":68},"‍Tax advisors and accountants also signal these challenges: 70% indicate that less than a quarter of their clients are prepared for the transition to e-invoicing. Yet accountants and tax advisors are taking their responsibility in this transition, as 95% of them say they actively inform their clients about the new obligations and possibilities. For the average SME, the transition is not that difficult.",{"type":2184,"content":6111},[6112],{"type":53,"attrs":6113,"content":6114},{"textAlign":64},[6115,6116,6120,6122],{"text":155,"type":68},{"text":6117,"type":68,"marks":6118},"‘Switching to e-invoicing may seem like a big change, but in practice it is easy to implement,’ ",[6119],{"type":3788},{"text":6121,"type":68},"says Christophe Vanhoutte, Country Manager Belgium at Banqup.",{"text":6123,"type":68,"marks":6124}," ‘With user-friendly tools like Billtobox and the guidance of their accountant, entrepreneurs can quickly get started. It's a smart move that not only helps comply with legal obligations, but also saves companies time and resources.’",[6125],{"type":3788},{"type":53,"attrs":6127,"content":6128},{"textAlign":64},[6129],{"text":6130,"type":68},"‍Most accountants and tax advisers have already taken concrete steps. For instance, 47% already have a solution they can offer their clients. The vast majority have drawn up an action plan to implement e-invoicing with their clients or will do so in the near future. In addition, 58% of accountants say they are confident of a successful transition to e-invoicing. And rightly so: nobody today has nostalgia for paper bank statements, soon the same will be true for invoices..",{"type":61,"attrs":6132,"content":6133},{"level":3365,"textAlign":64},[6134],{"text":6135,"type":68},"Accountants as drivers of transition",{"type":53,"attrs":6137,"content":6138},{"textAlign":64},[6139],{"text":6140,"type":68},"‍With just over a year to go, swift action is needed. Accountants play a key role here in three key areas:",{"type":91,"content":6142},[6143,6154,6165],{"type":94,"content":6144},[6145],{"type":53,"attrs":6146,"content":6147},{"textAlign":64},[6148,6152],{"text":6149,"type":68,"marks":6150},"Information provision: ",[6151],{"type":71},{"text":6153,"type":68},"95% of accountants are actively taking responsibility for making customers aware of the obligation and benefits of e-invoicing.",{"type":94,"content":6155},[6156],{"type":53,"attrs":6157,"content":6158},{"textAlign":64},[6159,6163],{"text":6160,"type":68,"marks":6161},"Implementation of systems: ",[6162],{"type":71},{"text":6164,"type":68},"Although 47% have already implemented systems for clients, further guidance is essential to get more companies ready.",{"type":94,"content":6166},[6167],{"type":53,"attrs":6168,"content":6169},{"textAlign":64},[6170,6174],{"text":6171,"type":68,"marks":6172},"Guidance during the transition:",[6173],{"type":71},{"text":6175,"type":68}," Accountants act as partners supporting companies in choosing the right tools and adapting their processes.",{"type":2184,"content":6177},[6178,6187],{"type":53,"attrs":6179,"content":6180},{"textAlign":64},[6181,6183],{"text":6182,"type":68},"According to Bart Van Coile, president of the ITAA: ",{"text":6184,"type":68,"marks":6185},"\"The transition to e-invoicing is an obligation, but also an opportunity for companies to optimise their processes. It is essential that companies act now to meet the 2026 deadline. Accountants and tax advisers play a crucial role in this by guiding companies. This is evidenced by the fact that 85% of members have drawn up an action plan or will do so in the near future.\"",[6186],{"type":3788},{"type":53,"attrs":6188},{"textAlign":64},{"type":61,"attrs":6190,"content":6191},{"level":3365,"textAlign":64},[6192],{"text":6193,"type":68},"Conclusion: time for action",{"type":53,"attrs":6195,"content":6196},{"textAlign":64},[6197],{"text":6198,"type":68},"‍With the introduction of the e-invoicing obligation on 1 January 2026, Belgian companies need to prepare quickly. Accountants and tax advisers play a key role in this by supporting companies in choosing and implementing systems and guiding them during the transition.",{"type":61,"attrs":6200,"content":6201},{"level":3365,"textAlign":64},[6202],{"text":6203,"type":68,"marks":6204},"More information in the full report",[6205],{"type":71},{"type":53,"attrs":6207,"content":6208},{"textAlign":64},[6209,6211,6218,6220,6226],{"text":6210,"type":68},"‍The full results of the survey are available in ",{"text":6212,"type":68,"marks":6213},"Dutch ",[6214],{"type":105,"attrs":6215},{"href":6216,"uuid":64,"anchor":64,"custom":6217,"target":110,"linktype":15},"https://a.storyblok.com/f/318078/x/6d9af1bfd1/675aa2ef6d92f24d6c47afe6_itaa-unifiedpostgroup-_-full-report-dutch.pdf",{},{"text":6219,"type":68},"and ",{"text":3675,"type":68,"marks":6221},[6222],{"type":105,"attrs":6223},{"href":6224,"uuid":64,"anchor":64,"custom":6225,"target":110,"linktype":15},"https://a.storyblok.com/f/318078/x/a0bb9e17af/675aa2e11de0011e5370e6e7_itaa-unifiedpostgroup-_-full-report-french.pdf",{},{"text":6227,"type":68},". ",{"type":53,"attrs":6229,"content":6230},{"textAlign":64},[6231],{"text":6232,"type":68},"For further questions on the obligation and how companies can prepare, please contact:",{"type":91,"content":6234},[6235,6245,6262],{"type":94,"content":6236},[6237],{"type":53,"attrs":6238,"content":6239},{"textAlign":64},[6240,6242,6243],{"text":6241,"type":68},"Bart Van Coile (Chairman, ITAA):",{"type":78},{"text":6244,"type":68},"+32 475 27 44 11",{"type":94,"content":6246},[6247],{"type":53,"attrs":6248,"content":6249},{"textAlign":64},[6250,6252,6253,6259,6260],{"text":6251,"type":68},"Frederik Billiet (Sales Director, Banqup)",{"type":78},{"text":6254,"type":68,"marks":6255},"frederik.billiet@banqup.com",[6256],{"type":105,"attrs":6257},{"href":6258,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"mailto:frederik.billiet@unifiedpost.com",{"type":78},{"text":6261,"type":68},"+32 476 60 00 68",{"type":94,"content":6263},[6264],{"type":53,"attrs":6265,"content":6266},{"textAlign":64},[6267,6269,6270,6276,6277],{"text":6268,"type":68},"Christophe Vanhoutte (Country Manager, Banqup)",{"type":78},{"text":6271,"type":68,"marks":6272},"christophe.vanhoutte@banqup.com",[6273],{"type":105,"attrs":6274},{"href":6275,"uuid":64,"anchor":64,"custom":64,"target":64,"linktype":19},"mailto:christophe.vanhoutte@unifiedpost.com",{"type":78},{"text":6278,"type":68},"+32 488 22 55 10",{"type":61,"attrs":6280,"content":6281},{"level":3646,"textAlign":64},[6282],{"text":6283,"type":68,"marks":6284},"About ITAA and Banqup Group",[6285,6288],{"type":1352,"attrs":6286},{"color":6287},"#3F37BD",{"type":71},{"type":53,"attrs":6290,"content":6291},{"textAlign":64},[6292],{"text":6293,"type":68},"‍Since 2017, ITAA and Banqup Group, the parent company behind Billtobox, have been working together to support accountants and entrepreneurs in the transition to e-invoicing. This partnership provides secure, flexible and affordable solutions to make businesses ready for the future while respecting the legislation, independence and professional secrecy of ITAA members.",{"type":53,"attrs":6295,"content":6296},{"textAlign":64},[6297,6298,6302],{"text":155,"type":68},{"text":6299,"type":68,"marks":6300},"ITAA: ",[6301],{"type":71},{"text":6303,"type":68},"The ITAA is responsible for the organisation of the accounting and tax adviser professions, including access to the profession, management of the public register and supervision of professional practice. The ITAA represents nearly 15,000 members (natural persons), of whom about 3,500 are trainees. Together with office staff, there are about 35,000 people employed in the sector. These 35,000 people serve 99% of companies in Belgium, especially SMEs. ITAA members are subject to strict deontological rules and rules of professional competence that guarantee the quality of their advice and their independence. This also serves the public interest..",{"type":53,"attrs":6305,"content":6306},{"textAlign":64},[6307,6308,6312],{"text":155,"type":68},{"text":6309,"type":68,"marks":6310},"Banqup Group:",[6311],{"type":71},{"text":6313,"type":68}," Banqup is a leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Banqup operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Banqup’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Banqup’s mission is to make administrative and financial processes simple and smart for its customers.",{"_uid":6315,"cards":6316,"buttons":6322,"heading":1531,"tagline":8,"component":1532,"background":48,"description":6323},"76359123-ec13-4006-95a0-3b8a139cc164",[4750,6317,6318,6319,6320,6321],"74f3b120-c1bf-4b9a-9d06-8922c95214ef","d20be42f-97db-4bcb-a084-0f41f9f37bbe","86cf19f1-590d-4a3e-9a7f-9b1d6a84a654","c11827c2-39a8-4876-b66b-489590f802e7","790c4985-cf15-41c4-a201-f3b45fc44923",[],{"type":50,"content":6324},[6325],{"type":53},{"id":64,"alt":64,"name":8,"focus":64,"title":64,"filename":64,"copyright":64,"fieldtype":15,"meta_data":6327,"is_external_url":17},{},[],[],{"type":50,"content":6331},[6332],{"type":53,"attrs":6333,"content":6334},{"textAlign":64},[6335],{"text":6336,"type":68},"From 1 January 2026, Belgian VAT-registered companies will be required to send and receive structured electronic invoices. This measure is part of a broader digital transformation aimed at making businesses more efficient, transparent and competitive. The Institute for Tax Advisors and Accountants (ITAA) and Unifiedpost (Billtobox) jointly conducted a survey of accountants to identify the current status and challenges. The responses show that almost 25% of firms are already currently using a solution, indicating a challenge in preparing for this transition.",[2966,1994],"Brussels, 12 December 2024 - From 1 January 2026, Belgian VAT-registered companies will be required to send and receive structured electronic invoices. This measure is part of a broader digital transformation aimed at making businesses more efficient, transparent and competitive. The Institute for Tax Advisors and Accountants (ITAA) and Unifiedpost (Billtobox) jointly conducted a survey of accountants to identify the current status and challenges. The responses show that almost 25% of firms are already currently using a solution, indicating a challenge in preparing for this transition.",[2000],"accountants-and-tax-advisers-prepare-businesses-for-e-invoicing-but-75-still-need-to-take-steps","resources/blog/accountants-and-tax-advisers-prepare-businesses-for-e-invoicing-but-75-still-need-to-take-steps","2024-12-12",-540,[5144],"e0907c1d-735f-4c07-b501-320b3fcf440a","2024-12-12T09:32:00.000Z",[],[6349,6350,6351],{"path":6341,"name":64,"lang":519,"published":64},{"path":6341,"name":64,"lang":521,"published":64},{"path":6352,"name":6353,"lang":525,"published":55},"informationen/blog/buchhalter-und-steuerberater-bereiten-unternehmen-auf-die-elektronische-rechnungsstellung-vor-aber-75-muessen-noch-massnahmen-ergreifen","Buchhalter und Steuerberater bereiten Unternehmen auf die elektronische Rechnungsstellung vor, aber 75 % müssen noch Maßnahmen ergreifen",{"name":6355,"created_at":6356,"published_at":6357,"updated_at":6358,"id":6359,"uuid":6360,"content":6361,"slug":6781,"full_slug":6782,"sort_by_date":6783,"position":6784,"tag_list":6785,"is_startpage":17,"parent_id":2006,"meta_data":64,"group_id":6786,"first_published_at":6787,"release_id":64,"lang":48,"path":64,"alternates":6788,"default_full_slug":6782,"translated_slugs":6789,"_stopResolving":55},"E-invoicing in the GCC: A region in digital transformation","2025-09-01T10:39:41.386Z","2026-07-24T15:56:59.367Z","2026-07-24T15:56:59.411Z",86153549392099,"9432b7fe-896d-4bc6-9506-9b5dbcb5f498",{"seo":6362,"_uid":6366,"body":6367,"image":6762,"theme":8,"title":6355,"author":6766,"related":6768,"summary":6769,"category":6776,"component":1996,"createdOn":8,"description":6775,"relatedCountries":6777,"transparentNavigation":17,"excludeFromRelatedList":17},{"_uid":6363,"title":6364,"plugin":34,"description":6365},"1bf9356f-18b1-43ca-b71f-ef7a08c88dec","E-Invoicing in the GCC: Saudi Arabia & UAE lead digital tax transformation | Banqup","Discover how Saudi Arabia’s FATOORA system and the UAE’s 5-corner model are revolutionizing e-invoicing in the GCC. Stay informed on phased rollouts, compliance updates, and regional trends shaping the future of digital tax compliance.","846a229a-63e6-414e-afb4-6aaed9e9934e",[6368,6378,6750,6753],{"_uid":6369,"align":1330,"image":6370,"theme":542,"buttons":6374,"columns":8,"heading":6355,"padding":1334,"tagline":8,"component":1335,"variation":1336,"background":545,"headingTag":1337,"description":6375,"invertTextColor":55},"0fee4617-1222-4278-8398-5f7a7ca03837",{"id":6371,"alt":8,"name":8,"focus":8,"title":8,"source":8,"filename":6372,"copyright":8,"fieldtype":15,"meta_data":6373,"is_external_url":17},91082461751652,"https://a.storyblok.com/f/318078/1925x510/c9a51d69d5/gcc-banner-template-flags-copy.png",{},[],{"type":50,"content":6376},[6377],{"type":53},{"_uid":6379,"text":6380,"component":505,"background":48},"cec6167d-2c70-44d2-8545-823822c56b7f",{"type":50,"content":6381},[6382,6389,6404,6411,6437,6448,6459,6464,6471,6491,6508,6510,6518,6529,6536,6547,6552,6557,6566,6577,6591,6596,6603,6608,6617,6622,6631,6645,6650,6655,6664,6669,6674,6683,6688,6693,6700,6705,6710,6717,6722,6729],{"type":53,"attrs":6383,"content":6384},{"textAlign":64},[6385],{"text":6386,"type":68,"marks":6387},"This article was last updated on 15 May 2026 to reflect the recent approval of Qatar’s draft e-invoicing law and its executive regulations by the Cabinet.",[6388],{"type":3788},{"type":53,"attrs":6390,"content":6391},{"textAlign":64},[6392,6394,6402],{"text":6393,"type":68},"E-invoicing is rapidly reshaping the digital landscape across the GCC, driven by the region's drive for modernisation and evolving tax regulations. A key aspect of this transformation is the adoption of ",{"text":6395,"type":68,"marks":6396},"various e-invoicing compliance models",[6397],{"type":105,"attrs":6398},{"href":6399,"uuid":6400,"anchor":64,"custom":6401,"target":110,"linktype":111},"/resources/blog/the-e-invoicing-maze-navigating-global-compliance-models","cbbac0bf-7665-4a81-8992-fcf1ff817b54",{},{"text":6403,"type":68},". As VAT frameworks continue to evolve, governments are using e-invoicing to improve compliance, efficiency and transparency. Let's explore the current state of e-invoicing in the GCC and what it means for businesses.",{"type":61,"attrs":6405,"content":6406},{"level":63,"textAlign":64},[6407],{"text":6408,"type":68,"marks":6409},"Saudi Arabia: Leading the charge with FATOORA",[6410],{"type":71},{"type":53,"attrs":6412,"content":6413},{"textAlign":64},[6414,6415,6423,6425,6429,6431,6435],{"text":155,"type":68},{"text":6416,"type":68,"marks":6417},"Saudi Arabia has taken a pioneering role in e-invoicing",[6418],{"type":105,"attrs":6419},{"href":6420,"uuid":6421,"anchor":64,"custom":6422,"target":110,"linktype":111},"/resources/blog/saudi-arabia-s-latest-electronic-invoicing-announcement","e3d7106f-d5eb-4bf1-9a16-6ee4fbe33673",{},{"text":6424,"type":68}," with its ",{"text":6426,"type":68,"marks":6427},"FATOORA",[6428],{"type":71},{"text":6430,"type":68}," system, implementing a phased approach based on a ",{"text":6432,"type":68,"marks":6433},"clearance model",[6434],{"type":71},{"text":6436,"type":68}," - a system where invoices must be validated by the tax authority before they are shared with the buyer.",{"type":53,"attrs":6438,"content":6439},{"textAlign":64},[6440,6442,6446],{"text":6441,"type":68},"‍Following the introduction of VAT in 2018, Saudi Arabia launched",{"text":6443,"type":68,"marks":6444}," Phase 1: The Generation Phase",[6445],{"type":71},{"text":6447,"type":68}," in December 2021. This required businesses to generate and store electronic invoices in a structured format, such as XML or PDF/A-3.",{"type":53,"attrs":6449,"content":6450},{"textAlign":64},[6451,6453,6457],{"text":6452,"type":68},"‍Now, the country is progressing through ",{"text":6454,"type":68,"marks":6455},"Phase 2: The Integration Phase",[6456],{"type":71},{"text":6458,"type":68},", which mandates real-time invoice clearance via integration with the Zakat, Tax and Customs Authority (ZATCA) system. This phase is being rolled out in waves based on businesses' annual revenues, with several deadlines already announced.",{"type":53,"attrs":6460,"content":6461},{"textAlign":64},[6462],{"text":6463,"type":68},"‍While tax invoices must be cleared by ZATCA before being sent to customers, the actual exchange of invoices between businesses remains unregulated. This means companies can choose their preferred method of sending invoices once clearance has been obtained.",{"type":61,"attrs":6465,"content":6466},{"level":63,"textAlign":64},[6467],{"text":6468,"type":68,"marks":6469},"United Arab Emirates: Advancing with a decentralised model",[6470],{"type":71},{"type":53,"attrs":6472,"content":6473},{"textAlign":64},[6474,6475,6483,6485,6489],{"text":155,"type":68},{"text":6476,"type":68,"marks":6477},"The United Arab Emirates (UAE) is also moving forward with its e-invoicing mandate",[6478],{"type":105,"attrs":6479},{"href":6480,"uuid":6481,"anchor":64,"custom":6482,"target":110,"linktype":111},"/resources/blog/uae-s-e-invoicing-initiative-a-new-era-for-vat-compliance-and-efficiency","ac1de14f-9c94-4bab-ae37-1c1d18452e23",{},{"text":6484,"type":68},", with a pilot/voluntary adoption phase starting in July 2026. Like Saudi Arabia, the UAE introduced VAT in 2018, but it is adopting what is known as a ",{"text":6486,"type":68,"marks":6487},"decentralised \"5-corner model\"",[6488],{"type":71},{"text":6490,"type":68}," rather than a centralised clearance system.",{"type":53,"attrs":6492,"content":6493},{"textAlign":64},[6494,6496,6500,6502,6506],{"text":6495,"type":68},"‍Under this model, businesses will exchange electronic invoices via ",{"text":6497,"type":68,"marks":6498},"Accredited Service Providers (ASPs)",[6499],{"type":71},{"text":6501,"type":68},", who will be responsible for ",{"text":6503,"type":68,"marks":6504},"validating invoices and reporting",[6505],{"type":71},{"text":6507,"type":68}," them to the Federal Tax Authority (FTA). Unlike Saudi Arabia’s pre-clearance model, where tax invoices must be validated before being sent to the buyer, the UAE's system allows invoices to be exchanged freely after validation by an accredited provider.",{"type":53,"attrs":6509},{"textAlign":64},{"type":53,"attrs":6511,"content":6512},{"textAlign":64},[6513],{"type":2414,"attrs":6514},{"id":6515,"alt":8,"src":6516,"title":8,"source":8,"copyright":8,"meta_data":6517},86154694225608,"https://a.storyblok.com/f/318078/1600x957/d450f8c9f1/uae.png",{},{"type":53,"attrs":6519,"content":6520},{"textAlign":64},[6521,6523,6527],{"text":6522,"type":68},"At the core of this system is ",{"text":6524,"type":68,"marks":6525},"Peppol PINT",[6526],{"type":71},{"text":6528,"type":68}," (Peppol International Invoice standard), a globally recognised framework that facilitates seamless e-invoicing and cross-border trade. Peppol ensures interoperability by allowing businesses to exchange invoices using a common standard through a trusted network of service providers.",{"type":61,"attrs":6530,"content":6531},{"level":63,"textAlign":64},[6532],{"text":6533,"type":68,"marks":6534},"Accreditation of Service Providers",[6535],{"type":71},{"type":53,"attrs":6537,"content":6538},{"textAlign":64},[6539,6541,6545],{"text":6540,"type":68},"‍The UAE has issued Ministerial Decision No. 64 of 2025, which defines the ",{"text":6542,"type":68,"marks":6543},"eligibility criteria and accreditation procedures",[6544],{"type":71},{"text":6546,"type":68}," for service providers. This decision was recently amended by Ministerial Decision No. 56 of 2026, which provided greater clarity on the accreditation procedure and introduced key changes.",{"type":53,"attrs":6548,"content":6549},{"textAlign":64},[6550],{"text":6551,"type":68},"Service providers must obtain certification through the official Accreditation Portal. Among the revised criteria, a new \"Experience Requirement\" has been introduced, mandating that the proposed e-invoicing solution must have been in operation for a minimum of two years.",{"type":53,"attrs":6553,"content":6554},{"textAlign":64},[6555],{"text":6556,"type":68},"The accreditation process is designed to protect businesses, ensure the security and reliability of e-invoicing, and establish regulatory oversight over service providers. Only certified service providers will be authorised to facilitate e-invoice exchanges, reinforcing digital compliance and innovation within the UAE's tax ecosystem.",{"type":61,"attrs":6558,"content":6559},{"level":132,"textAlign":64},[6560],{"text":6561,"type":68,"marks":6562},"Phased rollout and future steps",[6563,6565],{"type":1352,"attrs":6564},{"color":6287},{"type":71},{"type":53,"attrs":6567,"content":6568},{"textAlign":64},[6569,6571,6575],{"text":6570,"type":68},"‍The UAE’s e-invoicing system ",{"text":6572,"type":68,"marks":6573},"will to be introduced gradually",[6574],{"type":71},{"text":6576,"type":68},", with an initial focus on Business-to-Business (B2B) and Business-to-Government (B2G) transactions, followed later by Business-to-Consumer (B2C) transactions.",{"type":53,"attrs":6578,"content":6579},{"textAlign":64},[6580,6582,6590],{"text":6581,"type":68},"‍Public consultations for its e-invoicing data dictionary were conducted in Q1 2025, and ASP accreditations have since commenced. It's worth noting that the phased implementation deadlines in the UAE not only confirm the actual e-invoicing rollout but also include a separate deadline for taxpayers to appoint an Accredited Service Provider (ASP). For a detailed timeline, please refer to our dedicated blog post: ",{"text":6583,"type":68,"marks":6584},"UAE confirms phased e-invoicing mandate rollout",[6585],{"type":105,"attrs":6586},{"href":6587,"uuid":6588,"anchor":64,"custom":6589,"target":110,"linktype":111},"/resources/blog/uae-confirms-phased-e-invoicing-mandate-rollout","a6e61794-f42f-4310-898d-f2c8a0c7e01e",{},{"text":767,"type":68},{"type":53,"attrs":6592,"content":6593},{"textAlign":64},[6594],{"text":6595,"type":68},"This initiative forms part of the UAE’s broader 'e-billing system' project, which aims to streamline tax return automation and enhance tax compliance.",{"type":61,"attrs":6597,"content":6598},{"level":63,"textAlign":64},[6599],{"text":6600,"type":68,"marks":6601},"Other GCC countries: Progress and plans",[6602],{"type":71},{"type":53,"attrs":6604,"content":6605},{"textAlign":64},[6606],{"text":6607,"type":68},"‍Other Gulf Cooperation Council (GCC) countries are likewise actively advancing their e-invoicing initiatives to enhance tax compliance and streamline financial processes.​",{"type":61,"attrs":6609,"content":6610},{"level":132,"textAlign":64},[6611],{"text":6612,"type":68,"marks":6613},"Bahrain: Advancing towards e-invoicing implementation",[6614,6616],{"type":1352,"attrs":6615},{"color":6287},{"type":71},{"type":53,"attrs":6618,"content":6619},{"textAlign":64},[6620],{"text":6621,"type":68},"‍Bahrain introduced Value Added Tax (VAT) in January 2019 and is now exploring options to implement e-invoicing to boost VAT compliance and combat tax fraud. Its National Bureau for Revenue is currently conducting a public consultation on the proposed system and is likely considering a phased approach, possibly mirroring Saudi Arabia's model.",{"type":61,"attrs":6623,"content":6624},{"level":132,"textAlign":64},[6625],{"text":6626,"type":68,"marks":6627},"Oman: Preparing for a phased e-invoicing rollout",[6628,6630],{"type":1352,"attrs":6629},{"color":6287},{"type":71},{"type":53,"attrs":6632,"content":6633},{"textAlign":64},[6634,6635,6643],{"text":155,"type":68},{"text":6636,"type":68,"marks":6637},"Oman",[6638],{"type":105,"attrs":6639},{"href":6640,"uuid":6641,"anchor":64,"custom":6642,"target":110,"linktype":111},"/resources/blog/oman-fawtara-e-invoicing-status-guide","2c287067-191c-4e63-8476-11bceda80d15",{},{"text":6644,"type":68},", having introduced VAT in April 2021, has also confirmed its plans for e-invoicing and has issued amendments to its VAT regulations to include electronic tax invoices with a phased implementation. Initially, Oman planned to introduce mandatory B2B e-invoicing by October 2024, following a voluntary period starting in April 2024. However, due to the absence of detailed design and system specifications, the mandatory launch was postponed.",{"type":53,"attrs":6646,"content":6647},{"textAlign":64},[6648],{"text":6649,"type":68},"The Tax Authority has, in the meantime, confirmed a phased approach, with the top 100 largest taxpayers starting with a pilot programme in August 2026, and other large taxpayers expected to follow from February 2027.",{"type":53,"attrs":6651,"content":6652},{"textAlign":64},[6653],{"text":6654,"type":68},"Similar to the UAE, Oman will implement a decentralised 5-corner model, where only Oman Tax Authority (OTA)-Accredited Service Providers will be permitted to operate.",{"type":61,"attrs":6656,"content":6657},{"level":132,"textAlign":64},[6658],{"text":6659,"type":68,"marks":6660},"Qatar: Laying the groundwork for e-invoicing",[6661,6663],{"type":1352,"attrs":6662},{"color":6287},{"type":71},{"type":53,"attrs":6665,"content":6666},{"textAlign":64},[6667],{"text":6668,"type":68},"‍Qatar, while having ratified the GCC VAT Framework Agreement, has not yet introduced VAT but is nevertheless making progress in e-invoicing. Following tenders for legal support and the development of a central e-invoicing platform by the Qatar General Tax Authority (GTA), Qatar’s Cabinet approved a draft e-invoicing law and its executive regulations on 6 May 2026, prepared by the Ministry of Finance in coordination with the GTA. The framework is intended to support electronic invoices and related notices, but the government has not yet published the final technical model, scope, or implementation timetable.",{"type":53,"attrs":6670,"content":6671},{"textAlign":64},[6672],{"text":6673,"type":68},"The country is reportedly considering a clearance model for Business-to-Government (B2G) and Business-to-Business (B2B) invoices, and a reporting model for Business-to-Consumer (B2C) invoices. ​",{"type":61,"attrs":6675,"content":6676},{"level":132,"textAlign":64},[6677],{"text":6678,"type":68,"marks":6679},"Kuwait: Monitoring regional developments",[6680,6682],{"type":1352,"attrs":6681},{"color":6287},{"type":71},{"type":53,"attrs":6684,"content":6685},{"textAlign":64},[6686],{"text":6687,"type":68},"‍Kuwait similarly has yet to introduce VAT despite having ratified the framework, but has not yet announced specific e-invoicing initiatives. However, as a member of the GCC, it continues to monitor regional developments in e-invoicing and may consider future implementation in line with its tax policy objectives.​",{"type":53,"attrs":6689,"content":6690},{"textAlign":64},[6691],{"text":6692,"type":68},"‍These developments reflect a broader trend within the GCC towards digital transformation and enhanced tax compliance through the adoption of e-invoicing systems.",{"type":61,"attrs":6694,"content":6695},{"level":63,"textAlign":64},[6696],{"text":6697,"type":68,"marks":6698},"Regional trends and challenges",[6699],{"type":71},{"type":53,"attrs":6701,"content":6702},{"textAlign":64},[6703],{"text":6704,"type":68},"‍Several regional trends are emerging. There's a strong link between VAT implementation and e-invoicing mandates, with real-time reporting and integration with tax authorities' systems becoming key. Interoperability and standardisation, along with phased implementation approaches, are also notable trends. The use of technology, including AI, for anti-fraud measures is also increasing.",{"type":53,"attrs":6706,"content":6707},{"textAlign":64},[6708],{"text":6709,"type":68},"‍Challenges include varying levels of digital readiness among businesses, the need for clear guidelines and support from authorities, and ensuring data security and privacy. Despite these challenges, e-invoicing is becoming essential for doing business in the GCC.",{"type":61,"attrs":6711,"content":6712},{"level":63,"textAlign":64},[6713],{"text":6714,"type":68,"marks":6715},"The future of e-invoicing in the GCC",[6716],{"type":71},{"type":53,"attrs":6718,"content":6719},{"textAlign":64},[6720],{"text":6721,"type":68},"‍The GCC region is clearly on a path towards digitalising tax processes through e-invoicing. As countries implement and refine their systems, businesses need to stay informed and adapt to the changing landscape. Banqup is closely monitoring these developments and working to ensure our solutions are compliant with the evolving regulations in the GCC, supporting clients in navigating these changes.",{"type":61,"attrs":6723,"content":6724},{"level":63,"textAlign":64},[6725],{"text":6726,"type":68,"marks":6727},"Stay up to date",[6728],{"type":71},{"type":53,"attrs":6730,"content":6731},{"textAlign":64},[6732,6734,6739,6741,6749],{"text":6733,"type":68},"To ensure you stay informed about the evolving landscape of tax compliance and e-invoicing regulations worldwide, follow Banqup Group on ",{"text":3523,"type":68,"marks":6735},[6736],{"type":105,"attrs":6737},{"href":2689,"uuid":64,"anchor":64,"custom":6738,"target":110,"linktype":19},{},{"text":6740,"type":68},". We provide updates and insights on global trends and best practices. For a comprehensive analysis and practical guidance on navigating international e-invoicing requirements, ",{"text":6742,"type":68,"marks":6743},"subscribe to our monthly update newsletter",[6744],{"type":105,"attrs":6745},{"href":6746,"uuid":6747,"anchor":64,"custom":6748,"target":110,"linktype":111},"/solutions/compliance-management/tax-compliance-newsletter","75af81b4-c023-4cd4-84c7-d5519f9c7b76",{},{"text":767,"type":68},{"_uid":6751,"page":6752,"component":4740},"5dfde01d-ffc0-47a0-b47b-e687f9e76e0a",[4717],{"_uid":6754,"cards":6755,"buttons":6758,"heading":1531,"tagline":8,"component":1532,"background":48,"description":6759},"90682f24-7df1-4059-881a-37d11eefb18f",[6319,6756,6757,6321,6320],"787335bc-69c0-43af-b56f-1215256c7011","e3a19aad-938e-4bc4-aa34-da395b587c33",[],{"type":50,"content":6760},[6761],{"type":53},{"id":6763,"alt":6355,"name":8,"focus":8,"title":6355,"source":8,"filename":6764,"copyright":8,"fieldtype":15,"meta_data":6765,"is_external_url":17},86153690607246,"https://a.storyblok.com/f/318078/1216x832/96fd9bb7b2/67eba56ef0b77286380ff062_adobe-express-file-4.jpg",{"alt":6355,"title":6355,"source":8,"copyright":8},[6767],"b03f29d9-417e-4b97-85fb-96b004bedf0a",[],{"type":50,"content":6770},[6771],{"type":53,"attrs":6772,"content":6773},{"textAlign":64},[6774],{"text":6775,"type":68},"E-invoicing is reshaping the GCC’s digital landscape, driven by modernization and evolving VAT rules. Governments are using it to improve compliance, efficiency, and transparency. Here’s what it means for businesses today.",[1994,2960,2966],[6778,6636,6779,6780],"United Arab Emirates","Qatar","Kuwait","e-invoicing-in-the-gcc-a-region-in-digital-transformation","resources/blog/e-invoicing-in-the-gcc-a-region-in-digital-transformation","2026-05-15",-320,[],"b38d4cd9-7789-4da7-950b-24895d42257d","2025-03-31T09:32:00.000Z",[],[6790,6793,6794],{"path":6791,"name":6792,"lang":519,"published":55},"resources/blog/e-facturatie-in-de-gcc-een-regio-in-digitale-transformatie","E-facturatie in de GCC: Een regio in digitale transformatie",{"path":6782,"name":64,"lang":521,"published":64},{"path":6795,"name":6796,"lang":525,"published":55},"informationen/blog/e-invoicing-im-gcc-eine-region-im-digitalen-wandel","E-Invoicing im GCC: Eine Region im digitalen Wandel",[],{"type":50,"content":6799},[6800],{"type":53},{"id":6802,"alt":3770,"name":8,"focus":8,"title":3770,"source":8,"filename":6803,"copyright":8,"fieldtype":15,"meta_data":6804,"is_external_url":17},86499586349157,"https://a.storyblok.com/f/318078/500x301/a4241ce89b/672b6aa15224af2587853dae_shutterstock_2434100491-1-1.jpg",{"alt":3770,"title":3770,"source":8,"copyright":8},[6767],[],{"type":50,"content":6808},[6809],{"type":53,"attrs":6810,"content":6811},{"textAlign":64},[6812],{"text":6813,"type":68},"EU adopts VAT in the Digital Age (ViDA) reforms! E-invoicing, reporting changes start from 2025, aiming to reduce VAT fraud and improve compliance.",[2970,2966,1994],[2000,4063,5137,6816,3198,3231,6817,5138,4794],"Serbia","Latvia","vat-in-the-digital-age-agreement-reached-a-milestone-in-the-eu-tax-digitalisation","resources/blog/vat-in-the-digital-age-agreement-reached-a-milestone-in-the-eu-tax-digitalisation","2026-07-15",-640,[],"1af03b50-ef54-4cfc-b124-12b1ae1df89b","2025-11-11T09:32:00.000Z",[],[6827,6830,6831],{"path":6828,"name":6829,"lang":519,"published":55},"resources/blog/akkoord-over-btw-in-het-digitale-tijdperk-een-mijlpaal-voor-de-europese-fiscale-digitalisering","Akkoord over 'btw in het digitale tijdperk': een mijlpaal voor de Europese fiscale digitalisering",{"path":6819,"name":64,"lang":521,"published":64},{"path":6832,"name":6833,"lang":525,"published":55},"informationen/blog/einigung-ueber-mwst-im-digitalen-zeitalter-ein-meilenstein-fuer-die-eu-steuerdigitalisierung","Einigung über „MwSt im digitalen Zeitalter“: 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Overall, the move towards e-invoicing represents a significant modernisation effort that aligns with broader goals of efficiency, transparency and sustainability, providing benefits to both governments and businesses.",[7894],{"type":1352,"attrs":7895},{"color":1462},{"type":53,"attrs":7897,"content":7898},{"textAlign":64},[7899,7904,7914],{"text":7900,"type":68,"marks":7901},"Today, more than 100 nations have e-invoicing legislations in place, although in many countries this only applies to business-to-government (B2G) transactions. Take a look at our ",[7902],{"type":1352,"attrs":7903},{"color":1462},{"text":7905,"type":68,"marks":7906},"Global Compliance Checker",[7907,7912],{"type":105,"attrs":7908},{"href":7909,"uuid":7910,"anchor":64,"custom":7911,"target":110,"linktype":111},"/resources/compliance-pulse/compliance-pulse","87019079-753a-4669-b87d-4cd52091fcd5",{},{"type":1352,"attrs":7913},{"color":1462},{"text":7915,"type":68,"marks":7916}," to explore the existing mandates from all over the globe.",[7917],{"type":1352,"attrs":7918},{"color":1462},{"type":53,"attrs":7920,"content":7921},{"textAlign":64},[7922],{"text":7923,"type":68,"marks":7924},"‍In this article we will list all the benefits for governments and tax authorities that are rising from the implementation of the e-invoicing system on the national level.",[7925],{"type":1352,"attrs":7926},{"color":1462},{"type":53,"attrs":7928,"content":7929},{"textAlign":64},[7930],{"text":155,"type":68,"marks":7931},[7932],{"type":1352,"attrs":7933},{"color":1462},{"type":61,"attrs":7935,"content":7936},{"level":3365,"textAlign":64},[7937],{"text":7938,"type":68,"marks":7939},"Benefits for governments and tax authorities",[7940],{"type":1352,"attrs":7941},{"color":1462},{"type":61,"attrs":7943,"content":7944},{"level":3646,"textAlign":64},[7945],{"text":7946,"type":68,"marks":7947},"Increased tax compliance",[7948,7950],{"type":1352,"attrs":7949},{"color":1462},{"type":71},{"type":53,"attrs":7952,"content":7953},{"textAlign":64},[7954],{"text":7955,"type":68,"marks":7956},"E-invoicing allows tax authorities to monitor transactions in real time, which helps identify irregularities or potential tax evasion promptly. It becomes more difficult for businesses not to follow tax regulations when invoicing is digital and transparent with available audit trails.",[7957],{"type":1352,"attrs":7958},{"color":1462},{"type":61,"attrs":7960,"content":7961},{"level":3646,"textAlign":64},[7962],{"text":7963,"type":68,"marks":7964},"Reduced VAT tax gap",[7965,7967],{"type":1352,"attrs":7966},{"color":1462},{"type":71},{"type":53,"attrs":7969,"content":7970},{"textAlign":64},[7971,7976,7985],{"text":7972,"type":68,"marks":7973},"E-invoicing allows governments to collect the full amount of taxes owed. By minimising tax evasion and fraud, results in increased tax revenue and a reduced VAT gap. Take a look at the ",[7974],{"type":1352,"attrs":7975},{"color":1462},{"text":7977,"type":68,"marks":7978},"EU VAT Gap Report 2023",[7979,7983],{"type":105,"attrs":7980},{"href":7981,"uuid":3009,"anchor":64,"custom":7982,"target":110,"linktype":111},"/resources/blog/eu-vat-gap-report-2023",{},{"type":1352,"attrs":7984},{"color":1462},{"text":7986,"type":68,"marks":7987}," to see where your country appears in the list.",[7988],{"type":1352,"attrs":7989},{"color":1462},{"type":61,"attrs":7991,"content":7992},{"level":3646,"textAlign":64},[7993],{"text":7994,"type":68,"marks":7995},"Improved fiscal transparency",[7996,7998],{"type":1352,"attrs":7997},{"color":1462},{"type":71},{"type":53,"attrs":8000,"content":8001},{"textAlign":64},[8002],{"text":8003,"type":68,"marks":8004},"E-invoicing systems create a transparent digital trail of transactions, making it easier for tax authorities to monitor economic activities and to identify irregularities.",[8005],{"type":1352,"attrs":8006},{"color":1462},{"type":61,"attrs":8008,"content":8009},{"level":3646,"textAlign":64},[8010],{"text":8011,"type":68,"marks":8012},"Streamlined tax collection",[8013,8015],{"type":1352,"attrs":8014},{"color":1462},{"type":71},{"type":53,"attrs":8017,"content":8018},{"textAlign":64},[8019],{"text":8020,"type":68,"marks":8021},"Electronic invoicing simplifies the tax collection process. Tax payments become automated, reducing the administrative burden on both businesses and tax authorities.",[8022],{"type":1352,"attrs":8023},{"color":1462},{"type":61,"attrs":8025,"content":8026},{"level":3646,"textAlign":64},[8027],{"text":8028,"type":68,"marks":8029},"Cost savings",[8030,8032],{"type":1352,"attrs":8031},{"color":1462},{"type":71},{"type":53,"attrs":8034,"content":8035},{"textAlign":64},[8036],{"text":8037,"type":68,"marks":8038},"Cost savings increase, due to the reduction of manual data entry and paperwork associated with paper-based invoicing and tax collection processes.",[8039],{"type":1352,"attrs":8040},{"color":1462},{"type":61,"attrs":8042,"content":8043},{"level":3646,"textAlign":64},[8044],{"text":8045,"type":68,"marks":8046},"Minimised errors",[8047,8049],{"type":1352,"attrs":8048},{"color":1462},{"type":71},{"type":53,"attrs":8051,"content":8052},{"textAlign":64},[8053],{"text":8054,"type":68,"marks":8055},"E-invoicing reduces the likelihood of tax calculation and reporting errors, leading to more accurate tax collection and reducing the need for tax adjustments.",[8056],{"type":1352,"attrs":8057},{"color":1462},{"type":61,"attrs":8059,"content":8060},{"level":3646,"textAlign":64},[8061],{"text":8062,"type":68,"marks":8063},"Efficient auditing",[8064,8066],{"type":1352,"attrs":8065},{"color":1462},{"type":71},{"type":53,"attrs":8068,"content":8069},{"textAlign":64},[8070],{"text":8071,"type":68,"marks":8072},"Auditors can access electronic invoice data more easily, allowing for more efficient and targeted audits. This reduces the compliance burden on businesses with a history of good tax compliance.",[8073],{"type":1352,"attrs":8074},{"color":1462},{"type":61,"attrs":8076,"content":8077},{"level":3646,"textAlign":64},[8078],{"text":8079,"type":68,"marks":8080},"Data analytics and policy insights",[8081,8083],{"type":1352,"attrs":8082},{"color":1462},{"type":71},{"type":53,"attrs":8085,"content":8086},{"textAlign":64},[8087],{"text":8088,"type":68,"marks":8089},"Governments can leverage e-invoice data for data analytics to gain insights into economic trends, to therefore inform policy decisions and to identify areas for economic growth.",[8090],{"type":1352,"attrs":8091},{"color":1462},{"type":61,"attrs":8093,"content":8094},{"level":3646,"textAlign":64},[8095],{"text":8096,"type":68,"marks":8097},"Integration with other systems",[8098,8100],{"type":1352,"attrs":8099},{"color":1462},{"type":71},{"type":53,"attrs":8102,"content":8103},{"textAlign":64},[8104],{"text":8105,"type":68,"marks":8106},"E-invoicing systems can be integrated into other government systems, such as customs and electronic fiscalisation to facilitate efficient trade and regulatory processes.",[8107],{"type":1352,"attrs":8108},{"color":1462},{"type":61,"attrs":8110,"content":8111},{"level":3646,"textAlign":64},[8112],{"text":8113,"type":68,"marks":8114},"Business-friendly environment",[8115,8117],{"type":1352,"attrs":8116},{"color":1462},{"type":71},{"type":53,"attrs":8119,"content":8120},{"textAlign":64},[8121],{"text":8122,"type":68,"marks":8123},"E-invoicing improves the business environment by simplifying tax compliance processes, reducing paperwork and making it easier for businesses to comply.",[8124],{"type":1352,"attrs":8125},{"color":1462},{"type":61,"attrs":8127,"content":8128},{"level":3646,"textAlign":64},[8129],{"text":8130,"type":68,"marks":8131},"Environmental benefits",[8132,8134],{"type":1352,"attrs":8133},{"color":1462},{"type":71},{"type":53,"attrs":8136,"content":8137},{"textAlign":64},[8138],{"text":8139,"type":68,"marks":8140},"Electronic invoicing reduces paper usage and the associated environmental impact, aligning with sustainability and green initiatives.",[8141],{"type":1352,"attrs":8142},{"color":1462},{"type":61,"attrs":8144,"content":8145},{"level":3646,"textAlign":64},[8146],{"text":8147,"type":68,"marks":8148},"International trade facilitation",[8149,8151],{"type":1352,"attrs":8150},{"color":1462},{"type":71},{"type":53,"attrs":8153,"content":8154},{"textAlign":64},[8155],{"text":8156,"type":68,"marks":8157},"E-invoicing simplifies cross-border trade by providing standardised digital documentation, making it easier for businesses engaged in international transactions to comply with tax regulations.",[8158],{"type":1352,"attrs":8159},{"color":1462},{"type":53,"attrs":8161,"content":8162},{"textAlign":64},[8163,8168,8178],{"text":8164,"type":68,"marks":8165},"All government benefits are directly impacting the private sector and economy, improving the efficiency and effectiveness of doing business in general as well as enabling further digital transformation in ",[8166],{"type":1352,"attrs":8167},{"color":1462},{"text":8169,"type":68,"marks":8170},"payments",[8171,8176],{"type":105,"attrs":8172},{"href":8173,"uuid":8174,"anchor":64,"custom":8175,"target":110,"linktype":111},"/product/payments/transaction-radar","6a727e47-aec2-4079-a8da-5b5733fcda0b",{},{"type":1352,"attrs":8177},{"color":1462},{"text":8179,"type":68,"marks":8180}," and invoice financing.",[8181],{"type":1352,"attrs":8182},{"color":1462},{"type":53,"attrs":8184,"content":8185},{"textAlign":64},[8186],{"text":155,"type":68,"marks":8187},[8188],{"type":1352,"attrs":8189},{"color":1462},{"type":61,"attrs":8191,"content":8192},{"level":3365,"textAlign":64},[8193],{"text":8194,"type":68,"marks":8195},"The right partner is key to a successful implementation",[8196],{"type":1352,"attrs":8197},{"color":1462},{"type":53,"attrs":8199,"content":8200},{"textAlign":64},[8201],{"text":8202,"type":68,"marks":8203},"‍Embracing e-invoicing is a strategic move that modernises tax administration and contributes to a more efficient, transparent and sustainable economy. 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