Greece to adopt e-invoicing in 2012 - report

Thursday 4 August 2011 09:54 CET | News

Greece is expected to adopt e-invoices for business-to-government (B2G) transactions starting with 2012, media outlet reports.

According to the source and citing Greek Development, Competitiveness and Shipping Minister Mihalis Chrysohoidis, a team of ministry and market agencies are currently working to settle a single prototype for electronic invoices, in a bid to enable enterprises to adopt this method in 2012.

The Greek government expects to save around 3.0 billion euros annually, while enterprises are likely to save more than 1.0 billion euros annually, the source indicates. The plan aims for all financial transactions between the public sector and enterprises to be made exclusively electronically in the Q1 2012.

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Keywords: Greece, e-invocing, B2G
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech