Type: Legislation
The adoption of the PEPPOL standard for the Trans-Tasman Electronic Invoicing Framework by the governments of Australia and New Zealand began New Zealand’s e-Invoicing journey in February 2019. PEPPOL authorities have been established in both countries to enable more effective implementation of e-Invoices. The process is being overseen by New Zealand’s Ministry of Business, Innovation, and Employment (MBIE). The New Zealand government hopes to save $4.4 billion over ten years by digitizing the invoicing system, with 90 percent of B2G transactions using e-Invoices by July 2026.
E-Invoices can be used by businesses of all sizes in New Zealand. Large businesses and government organizations must begin receiving e-Invoices by March 31, 2022, while small businesses are exempt. If they have PEPPOL-enabled accounting software and their supplier agrees to receive the invoice in electronic format, small businesses can use e-Invoices voluntarily.
Effective date: 31 March 2022
