On June 1, 2024, the Japan Peppol Authority announced the release of PINT 1.0.2, marking a significant update to the Peppol specifications for international invoicing. This update aims to ensure compliance and efficiency in cross-border transactions, offering streamlined processes for Japanese businesses.
Key Updates in PINT 1.0.2
JP BIS Invoice for Non-tax Registered Businesses
The JP BIS Invoice for Non-tax Registered Businesses Version 1.0.1 is specifically designed for businesses that are not registered for tax. This document ensures that such businesses meet the international invoicing standards set by Peppol. It aligns with the Peppol PINT BIS Billing version 1.0.2, providing a consistent framework for non-tax registered entities.
JP BIS Self Billing Invoice
The JP BIS Self Billing Invoice Version 1.0.1 closely mirrors the Peppol BIS Standard Invoice JP PINT Version 1.0.3. Both versions conform to the PINT Billing model version 1.0.2, ensuring that self-billing invoices are compliant with international standards.
Jurisdiction-Specific Changes
Several jurisdiction-specific modifications have been made to enhance the applicability and compliance of these documents:
- Removal of IBR-CL-27 and ALIGNED-IBRP-008: These outdated or irrelevant regulations have been eliminated to streamline the invoicing process.
- Updated Tax Information: Tax information has been meticulously updated to reflect the latest legal requirements, ensuring accuracy and compliance.
- Revised Example UBL Files: The example UBL files have been revised to provide clearer and more accurate templates for users.
Guidelines and Templates
Both the JP BIS Self Billing Invoice and the JP BIS Invoice for Non-tax Registered Businesses include detailed guidelines and templates. These resources assist businesses in adhering to the updated standards, simplifying the invoicing process for Japanese businesses engaging in international trade.
Benefits of Aligning with Peppol PINT BIS Billing Version 1.0.2
By aligning with the Peppol PINT BIS Billing version 1.0.2, these documents ensure that Japan’s invoicing practices are consistent with global standards. This alignment promotes smoother and more efficient international transactions, standardizing invoicing practices across borders.
