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1 billion for the Lithuanian economy: a call for an e-invoice exchange tool

Date

2022 11 09

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Ministry of the Economy and Innovation is calling for project implementation plans for the creation of an electronic invoice exchange tool out of the EUR 1 billion earmarked for the economy.

"The development of this technological solution will enable electronic invoices to be sent, received and processed on a large scale in accordance with the European standard for electronic invoices. The tool will not only be free of charge and easy to access and install in companies' accounting systems, but it will also help to implement a smooth and harmonious exchange of electronic invoices compliant with the European standard between companies," said Minister for the Economy and Innovation Aušrinė Armonaitė.

The development of this electronic invoice exchange tool will cost EUR 628,000 and will be financed up to 100% of the total project costs. The project activities must be implemented by 1 September 2023 and the project promoter will have to ensure the maintenance of the technological solution for 2 years after the end of the project.

The developed IT solution will be available free of charge to businesses for at least 5 years.

The full terms and conditions of the measure are available here. Project implementation plans up to 9 December of this year will receive the Central Project Management Agency.

To strengthen the Lithuanian economy,  Ministry of the Economy and Innovation plans to launch measures totalling almost EUR 1 billion by the end of 2023. Of this, EUR 320 million is earmarked for digitisation of government and business. The bulk of the funds will be spent on efficient management of state information resources and digitisation of services, data management reform and the development of innovative technological solutions.