Saudi Arabia: From no VAT to promoting a centralised e-invoicing solution – what’s next?
Following the introduction of the brand-new Value Added Tax (VAT) regime in January 2018, the Kingdom of Saudi Arabia has also started promoting a national electronic invoicing platform called ESAL. This is a joint effort between the Saudi Arabian Monetary Authority (SAMA) and the General Authority of Zakat and Tax (GAZT). These measures are in […]
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Will Tax Compliance Drive Digital Transformation? – SAP Expert John Appleby Weighs In
It’s clear that company leaders understand that digital transformation is key for their very survival in a world of constant disruption, but only a small percentage actually have finished a company-wide transformation – opening the door to potential problems from lost customers to tax compliance issues. An SAP survey finds that 84% of 3,000 executives […]
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Sovos Colombia eInvoicing Solution Earns Powered by SAP NetWeaver® Certification
The Sovos eInvoicing solution for Colombia has achieved SAP certification as powered by the SAP NetWeaver® technology platform. The solution integrates with SAP NetWeaver and safeguards companies doing business in Colombia by automating real-time electronic invoicing processes as required by Colombian mandates. All companies doing business in Colombia must adopt electronic invoicing by Jan. 1, […]
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2018 Intelligent Reporting Summit Q&A: The Movement to Quantify IT Risk
The information technology (IT) and risk departments in most organizations have generally had little to do with each other outside of specific tasks. However, now that some of the biggest potential risks companies face involve data security, a new effort seeks to help IT and risk experts speak a common language, coming together to quantify […]
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Why a Conference in Portugal Could Set a Course for the Future of VAT Enforcement
The CIAT/IOTA Conference taking place next month in Portugal demonstrates the global emergence of a major trend: real-time tax control and enforcement. The conference, which two regional tax organizations will co-host, could provide the foundation for how European tax administrations will implement their electronic invoicing and VAT control regulations for years to come. The joint […]
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