The Swiss Federal Council to impose e-invoicing to suppliers by 2016

Friday 10 October 2014 13:20 CET | News

The Swiss Federal Council has decided that as from 1 January 2016, suppliers have to submit e-invoices to the federal administration if the contract value exceeds 5,000 CHF (4,130 EUR).

With this scheme, the concerns of SMEs is considered to exempt small procurements from the requirement. The federal administration is set to support their suppliers in the implementation phase.

All Swiss administrative units of the federal government are already able to process incoming e-invoices since 2012. Currently, the federal government receives about 14% of invoices electronically, but strives to increase this proportion. The majority of the approximately 700,000 annual incoming Federal invoices is currently filed as a paper invoice and must be scanned and digitised first.

This complies with developments in other European countries, where suppliers of public administrations are already required to electronic invoicing or appropriate efforts are underway.

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Keywords: The Swiss Federal Council, e-invoicing, suppliers, federal administration, SMEs, electronic invoicing
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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