In cooperation with Australia, e-invoicing New Zealand has adopted the Peppol PINT standard. New Zealand’s government will increase the range of government agencies that must receive and issue structured Peppol e-invoices by 2026.
New Zealand B2G e-invoicing boost
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Author: Ivana Picajkić
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Fiscal subject related
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Content accuracy validation date:
27.11.2024
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07:50h
On November 5, 2024, New Zealand’s Economic Development Minister and Small Business and Manufacturing Minister announced a significant revision to Rule 51 of the Government Procurement Rules, which aims to broaden the implementation of e-invoicing across government entities.
Under this regulatory change, by January 1, 2026, a wider array of government agencies—including ACC, Waka Kotahi, Health NZ, and NZ Police—will be mandated to send and receive e-invoices. Furthermore, these agencies are required to process 95% of domestic trade e-invoices within five business days. This initiative aligns with New Zealand’s ongoing efforts to enhance payment timelines and modernize financial transactions, ultimately benefiting businesses, particularly small and medium-sized enterprises (SMEs).
The updated procurement rules will roll out In two phases. Starting January 1, 2025, approximately 135 government agencies will need to ensure that 90% of all domestic trade invoices are settled within ten business days. This requirement will escalate to 95% by January 1, 2026. The changes extend beyond central government agencies to include a broader range of public entities, promoting a more uniform and transparent invoicing system.
To facilitate this transition, the government intends to engage with businesses regarding the potential requirement for certain suppliers to submit e-invoices as part of the procurement process. Feedback from these consultations is anticipated by February 2025 and may influence future guidelines for adoption. Additionally, the Ministry of Business, Innovation and Employment (MBIE) has provided a directory of eligible public agencies to assist businesses in adapting their invoicing practices.
This comprehensive overhaul of New Zealand’s procurement policies reflects a commitment to advancing digital transformation in government operations. By emphasizing rapid e-invoicing and payment processing, New Zealand seeks to improve efficiency and transparency in the public sector while delivering concrete economic advantages to the wider business community, establishing a foundation for streamlined and digitally integrated government procurement practices.
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