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How do we implement Poland KSeF requirement in Oracle for Payables

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in Payables, Payments & Cash Management

Summary: Poland KSeF requirement in Oracle for Payables

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On 29-Apr-2020, the Polish Ministry of Finance announced the introduction of the Polish national electronic invoicing (e-invoicing) system (Krajowego Systemu e-Faktur - KSeF), a Continuous Transaction Control (CTC) platform that enables the Polish tax authority to collect and validate financial data in real time. The adoption of e-invoicing is primarily meant to address tax fraud prevention and to improve VAT collection.

Business-to-Business (B2B) invoices are sent electronically to the KSeF system by the vendor. After the invoice is validated, a unique number (KSeF number) and timestamp are assigned to the document. The KSeF number and timestamp are sent to the vendor as part of the invoice validation message. The invoice is then considered “issued” and the recipient must review and download it from the platform.

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