It seems that nearly every day, another nation falls in line, like a domino, with other countries that have embraced electronic invoicing. The latest to do so is Switzerland, which recently announced that as of January 1, 2016, suppliers to the Federal Administration with contracts valued at or above 5000 CHF will be required to utilize e-invoices.
While the Swiss Federal Administration has been capable of receiving and processing invoices electronically since 2012, their use has not been widespread. Unlike the majority of nations that have mandated electronic invoicing to reduce fraud, the Swiss have opted for it both to reduce the use of paper and streamline government processes. Because of that, the pending mandate will not impact small businesses, at least for now.
Tag Archives: Electronic Invoices
Swiss to Diss Paper Invoices
The Swiss Federal Council recently decreed that as of January 1, 2016, suppliers will be required to submit electronic invoices to the government if the value exceeds 5,000 Swiss Francs.
All sectors of the Swiss government have been equipped to process e-invoices since 2012. To date, however, only 14 percent of invoices the Swiss government receives are electronic, and officials want to see that number increase. The majority of the approximately 700,000 invoices currently submitted to the Swiss government annually are filed in paper form. They then must be scanned and digitized.
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