Market participants have received one of the most courageous and technologically advanced tools for exchanging information about economic events in the world. They now have one year to adapt to its requirements.

According to the legislator's assumptions, market participants will receive one of the most courageous and technologically advanced tools for exchanging information on economic events in the world. KSeF (the National System of E-Invoices) is a platform for the exchange of such information and the standardized invoice format (xml) is a carrier thereof. If we additionally take into account the fact that the exchange of information is to take place practically in real time and the data will be collected and processed in the cloud, we get a real revolution in the current business model. - says Rafał Berliński, Managing Director of Tax Insight.

The whole article was published in Rzeczpospolita on 3 January 2022.