Russia is ready for e-invoicing

December 23, 2010  |  Electronic Invoicing

Russian flag 230x200 Russia is ready for e invoicingIn the summer of 2010 the Law No 229-FZ “On Amendments to Part One and Part Two of the Tax Code” was signed. That expanded the use of electronic documents in the tax legal relations - in particular electronic invoices. The invoice was the last primary document in Russia that had to be legally transferred into electronic form. At this point the Ministry of Finance and Federal Tax are finalizing all supporting documents for e-invoicing, including procedural and formats. They are expected to be released in the first quarter of 2011.

Full scale use of e-invoicing in Russia is said to lead 8,36 billion Rubles of national savings, excluding the costs of keeping this documentation. This based on the calculation of ECR-Rus, that Russia produces 14 billion printed invoices every year. This consumes approximately 280 thousand cubic meters of wood, 848.5 thousand trees, 1.4 hectares of forest.

During a roundtable meeting, organised by ECR-RUs, the participants agreed that the Russian market of electronic documents in the next few years will grow at a rapid pace. Where the European market for electronic documents is growing at an average of 30% per year, the extensive use of external practitioner in Russia will soon exceed the growth in Russia, compared to Europe. “50% of companies in Russia outsources reporting to regulatory authorities in electronic form.

Roundtable attendants:
IM Sergeyev, head of the State Duma Committee on Economic Policy and Entrepreneurship,
KE Chilingarov, Expert, Expert Department of the Russian President,
VV Minin, a member of the Union of IT-directors, an expert subcommittee on technological development of the State Duma Committee on Information Policy,
J. De Groot, CEO of “Metro Cash & Carry”,
Birol Yüksel, Deputy Director General “ENKA TC”,
Steve Schuler, CEO of “Procter & Gamble”,
Stephan De Locker, director general of “Nestle”,
Thomas Reuter, Managing Director, “Danone”,
AA Pogiba, development director of supply chain for key customers, Wimm-Bill-Dann
Dmitry Voznesensky, Deputy Director “Victoria Group”,
MV Sklyarov, head of the finance department “Metro Cash & Carry”,
GA Korolev, deputy director of the department of accounting Aeroflot,
EG Kuchinskaya, Department of methodology and accounting Rusal,
GA Povarov, Deputy Director General of SKB Kontur,
MY Malakhov, head of development of remote delivery channels, “Sberbank of Russia”,
B. Pilipchuk, director of the Accounting, Group Svyaznoi,
KB Borozinets, Project Director of the Department of IT Head Office of “Sberbank of Russia”

#The Law No 229-FZ “On Amendments to Part One and Part Two of the Tax Code” +

# the Roundtable, “Electronic documents - Efficient Economy”

# Presentation Maximilian Musselius, ECR-Rus - “Electronic Document Management - Efficient Economy”Presentation Maximilian Musselius, ECR-Rus -” Electronic Document Management - Efficient Economy ”

# Presentation Gregory Povarov, SKB Kontur - Electronic Documents: Results and Prospects “Presentation Gregory Povarov, SKB Kontur - Electronic Documents: Performance and Prospects

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