Einvoicing in Russia has grown 150 percent in just 6 months

October 8, 2013  |  Electronic Invoicing, Government, Legal

wow 150x150 Einvoicing in Russia has grown 150 percent in just 6 months Over the past six months, Russia has experienced a significant increase in the number of companies that are beginning to exchange electronic documents. Today, more than 250,000 companies have expressed a desire to exchange electronic documents in a so-called FTS newsletter. In May, the figure was 105,000, according to ,” the deputy head of the Federal Tax Information: Olga Chepurina.

This trend is explained by the active involvement of contracting companies that have launched pilot projects at the time of the legalization of electronic invoices in May 2012.

However, the representative of the Federal Tax Service, mentioned that there are still a number of barriers towards a more intensive usage of e-invoicing in Russia. Such as:, imperfection in the current legislation, lack of interoperability between operators and the fears of business in using electronic documents. But these issues are gradually being resolved.

Despite the imperfections of the existing legislative framework, European experts recognized that Russian approach towards e-invoicing is quite effective. While in Europe, there is a wide variety of electronic document formats, which greatly complicates the interaction between different systems, in Russia a unified legal framework regulates this issue.


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