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Event Date:
July 12, 2023
2:00 pm - 3:30 pm

Location:
Online Webinar


About This Event

E-invoicing is a key priority area for a growing number of AMS, including Singapore, the Philippines, Indonesia, and Vietnam. It is estimated that the potential cost-savings from e-invoicing for approximately 70.6 million MSMEs across ASEAN will amount to AUD141.1 billion. Despite the substantive cost savings that e-invoicing brings, not all MSMEs have switched to e-invoicing as they face certain barriers such as high adoption costs, information gaps, and technical capacity gaps, as well as the challenge of complying with various e-invoicing regulations across the world which each have subtle differences in requirements. In this regard, standards stand to play a crucial role in minimising cost and time barriers and reducing these barriers for MSMEs.

The use of internationally recognised standards helps to articulate common requirements, specification, guidelines or characteristics, giving businesses, consumers and policymakers assurance that the e-invoicing systems involved in trade processes, interactions and decisions are safe, reliable and interoperable, and thereby building trust in the technology and ensuring that e-invoicing can continue to fulfil an enabling role in digital inter- and intra- ASEAN trade.

This 90-minute session brings together experts representing government, industry, and academia to discuss the benefits, challenges, and best practices in the transition to, and adoption of, e-invoicing by MSMEs in ASEAN.  This event is jointly organised and supported by Access Partnership and the Australian APEC Study Centre, RMIT University, as part of the Australian Government funded ASEAN-Australia Digital Trade Standards Initiative.

Speakers

  • Mr Geok Seong Wah, Director of E-Invoice Project Office, Infocomm Media Development Authority (IMDA), Singapore
  • Mr Mark Stockwell, Director of eInvoicing, Australian Taxation Office

Workshop Materials

Workshop Recording

 

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