Digital invoice

E-invoicing ‘won’t be compulsory for all businesses’

The ATO will not make e-Invoicing compulsory for all businesses, but believes its benefits will speak for itself as the accounting industry moves towards a totally digital environment.

Responding to a tax agent query on the ATO’s tax practitioners webcast, ATO director Mark Stockwell said e-Invoicing would not be made compulsory despite the government committing to moving forward with the initiative, with Treasury recently releasing a discussion paper consulting on the e-Invoicing governance arrangements between the Australian and New Zealand governments.

Read the full article at My Business.

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