Austria
eInvoices must be accepted by the authorities as long as authenticity is guaranteed from issuer to end of storage
Do you need to invoice businesses in Austria?
If you answered yes, you may need electronic invoice processing.
Transalis eInvoice™ is a trusted provider of digital invoice processing with companies in Austria
More and more countries, including Austria, are looking for new ways to streamline their processes, eliminate tax avoidance and collect more VAT. Already across the EU, government and public sector organisations are required to use B2G eInvoice processing, and B2B suppliers are being encouraged do the same.
An eInvoice solution from Transalis will streamline your invoice processing with trading partners in Austria.
- Reduce time spent on administrative tasks
- Improve accuracy and minimise disputes
- Remain compliant with complex cross-border regulatory and tax requirements
- Automate invoice validation
- Speed up the entire billing process
Austria eInvoicing regulations
In Austria an eInvoice must be accepted by the authorities provided its Integrity and Authenticity can be guaranteed from the point of issuance until the end of the storage period. In Austria this can be done in any of the ways accepted by the VAT Directive: digital signatures, seals or “proper EDI” with an interchange agreement based on the European Commission 1994 Recommendation.
The European VAT gap amounts to approximately EUR 140 billion every year. This represents a loss of 11% of the expected VAT revenue in the block. For several years, the EU has been gradually introducing new rules, including the mandatory use of B2G eInvoicing, to ensure that VAT on services is more accurately accrued.
Transalis is part of EURINV19, one of just 12 EDI solutions providers across Europe to pass a rigorous new electronic invoicing standard.
Need to stay compliant here?
Transalis eInvoice keeps you PEPPOL and tax compliant across borders, with mandates and formats handled for you.
