Legal Updates

Trans-Tasman direct invoicing incoming

Nov 6, 2018 2:05:12 PM

The New Zealand and Australian governments have Trans-Tasman Direct Invoicing Incomingconcluded the Trans-Tasman e-Invoicing Arrangement. This will allow businesses invoicing one another between the countries that use Australian and New Zealand Business Numbers to directly exchange invoices between their financial systems. The change could affect up to 1.3 billion trans-Tasman invoices sent annually, with efficiency gains exceeding $30 billion over 10 years. Companies are encouraged to ensure they can benefit.

 

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Topics: Directors & Managers