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Key Terms

  • E-Invoice (Electronic Invoice): Invoice issued, transmitted, and received in electronic format
  • UBL (Universal Business Language): XML-based standard for business documents including invoices
  • Peppol (Pan-European Public Procurement On-Line): European network for e-invoicing with BIS format
  • Fiscal Cash Register: Tamper-proof cash register system required for retail and hospitality
  • FAIA (Fichier d'Audit InformatisĂ© AED): Luxembourg's standardized format for tax audit data
  • OECD SAF-T (Standard Audit File for Tax): International standard for tax audit files
  • CSV (Comma-Separated Values): Simple text format for storing tabular data
  • Excel: Microsoft Excel file format for structured data
  • Digital Signature: Electronic signature ensuring authenticity and integrity
  • Authenticity: Invoice is from stated supplier and has not been altered
  • Integrity: Invoice content is complete and has not been modified
  • Certified Equipment: Fiscal cash registers certified by Luxembourg authorities
  • Data Export: Process of exporting data from accounting software
  • Data Import: Process of importing data into accounting software
  • Field Mapping: Process of mapping source fields to destination fields during import
  • Integration: Connection between different software systems
  • Compliance Best Practices: Recommended practices for ensuring ongoing compliance

End of Chapter 31 Key Terms