Promoting E-Invoicing Interoperability in ASEAN: Overcoming Barriers to Trade Digitalisation
Date:
30 December 2024Category:
ASEAN, Innovation and Technology, TradeType:
Policy BriefsTags:
Electronic invoicing, e-invoicing, digitalisation, trade, ASEANPrint Article:
Electronic invoicing (e-invoicing) is a vital component of paperless trading, delivering substantial cost savings and efficiency gains for businesses. The ASEAN e-invoicing market has experienced notable growth, spurred by initiatives from tax authorities, public procurement agencies, and business digitalisation programmes. However, adoption across the region still faces significant challenges.
To address these barriers, ASEAN has introduced initiatives to foster interoperability, develop common standards, and support regional integration. By prioritising standardisation, offering government support, and encouraging private sector adoption through financial incentives and capacity-building efforts, ASEAN can accelerate trade digitalisation and enhance economic integration across the region.
