On 14 May 2024, the government released the Australian Federal Budget for 2024-25.
Among the key initiatives is an AUD 23.3 million (ca. EUR 14.3 million) investment over four years to support the Australian Taxation Office in maintaining a secure e-invoicing network. This is in recognition that e-invoicing provides business benefits and is a key in fighting scams aimed at Australian businesses.
Pagero is closely monitoring the e-invoicing developments in Australia. Stay tuned!