Hoy, anunciamos la adquisición de TrustWeaver con sede en Estocolmo, para crear un claro líder en software impositivo moderno – y expandir nuestra cobertura de facturación electrónica a 60 países en 6 continentes. Hemos visto el cumplimiento de facturación electrónica expandirse a cada continente, agregando complejidad y riesgo a tus procesos financieros claves. TrustWeaver se […]
Hoje nós anunciamos a aquisição da empresa sueca TrustWeaver para criar uma clara liderança na nova era de software fiscal – e expandir nossa cobertura de e-Invoicing (faturação eletrônica) a 60 países em seis continentes. Nós estamos assistindo à faturação eletrônica espalhar-se por todos os continentes, adicionando complexidade e risco ao seu processo financeiro e […]
Americas’ SAP Users’ Group (ASUG) survey of finance, tax, procurement and IT professionals reveals a continued proper sales and use tax obligations blindspot in the procure-to-pay process. See INFOGRAPHIC Below Large geographically dispersed manufacturers, wholesalers and financial services organizations have varied and complicated purchasing processes and channels. As these organizations grow and purchase from an […]
International News European Council Clears Way for Italy e-Invoicing Requirement On April 16, 2018, the European Council approved Italy’s derogation request from Articles 218 and 232 of the EU VAT Directive, bringing Italy one step closer to implementing its mandatory e-Invoicing requirement. Article 218 requires that Member States accept invoices in paper or electronic form. […]
With vast changes in VAT compliance and reporting regulations sweeping across the globe, companies need to strategically evaluate their approach to compliance to ensure they stay up-to-date and minimize the risk of errors, fines, penalties and even operational shutdowns. But companies often overlook an important component in selecting a proactive, intelligent approach to VAT compliance […]
With implementation of technology-enabled tax compliance and reporting initiatives, Spain is leading the way throughout Europe not only in closing the VAT gap but also in obtaining visibility into business data. As more and more countries move toward requiring transactional data in real-time, most notably Italy and Hungary, it’s important for companies to consider lessons […]
Most countries that impose an eInvoicing mandate require taxpayers to report not only issued invoices, but also eInvoices received from their suppliers. With Colombia’s eInvoicing requirement reaching all taxpayers by January 1, 2019, and many prior to that date, companies operating in Colombia are asking whether the country is following this same pattern. Inbound eInvoicing: […]
Singapore was one of the early adopters of e-invoicing in the Asia Pacific region. Since 2008, e-invoicing has been mandated for all e-invoicing business to government (B2G) transactions. But, when it comes to B2B e-invoicing in Singapore – as a country with a legal system based on common law – has until now focused mainly […]
Last Tuesday, the Supreme Court heard oral arguments in South Dakota vs. Wayfair which challenges a precedent most recently articulated in the 1992 case of Quill vs. North Dakota. Quill affirmed that a business must be physically present (loosely defined as people or property) in a state before it can be compelled to collect and […]
Several nations worldwide are following in the footsteps of pioneering Latin American countries, leveraging data and automation to ensure compliance with tax regulations. Building on early requirements for VAT reporting and eFiling, many countries are now focusing on transactional data with real-time electronic accounting, ledger, invoice and receipt mandates, paving the way to reach the […]
As a Magento Select Technology Partner, Sovos will help streamline sales and use tax compliance for rapidly growing e-commerce businesses of all sizes. April 20, 2018 — Sovos, a global tax compliance and reporting software leader, announced today that it has been named a Magento Select Technology Partner to improve sales tax determination and filing […]
Sovos, a global leader in tax compliance and regulatory reporting software, today announced it will be a Gold-level sponsor at SuiteWorld18, an annual celebration of NetSuite customers and partners. Now in its 8th year, SuiteWorld is the preeminent Cloud ERP conference where users, partners, and developers can share insights and new ideas about growth across […]
On 27 September 2017, Italy submitted a formal request for derogation from two provisions in the European Union VAT Directive – a formal hurdle and legal necessity to be able to roll out the ambitious e-invoicing mandate for all domestic Italian invoices. While waiting for the decision from the EU Council, Italy proceeded with legal […]
La Dirección de Impuestos y Aduanas Nacionales (DIAN) emitió una nueva resolución 000010/2018 el 6 de febrero que requiere que los grandes contribuyentes emitan y presenten facturas electrónicas antes del 1 de septiembre de 2018. En Colombia, esta resolución era esperada ya que la DIAN había emitido un borrador de la misma en el último […]
La mayoría de los países que imponen un mandato de facturación electrónica requieren que los contribuyentes informen no solo las facturas emitidas, sino también las facturas electrónicas recibidas por parte de sus proveedores. Dado que el requisito de facturación electrónica de Colombia llega a todos los contribuyentes antes del 1 de enero de 2019 y […]
Mandatory eInvoicing in Costa Rica is becoming a reality in 2018. Initially targeted toward service providers, Costa Rica is rolling out the requirement to additional companies later this year, and they must prepare now for the change in processes and operations. Summary of the Law In late 2017, Costa Rica announced mandatory eInvoicing for service […]
Only two months remain until Hungary’s new real-time VAT reporting requirements kick in on July 1, 2018, and businesses must be prepared to comply with a fully automated process. Spain was the first country in Europe to adopt a Latin American-style VAT reporting model with its Immediate Supply of Information (SII), which requires companies to […]
Many businesses engage in special sweepstakes or other forms of promotion marketing to create more visibility to their brands. While this is a great way to improve lead generation and conversion, companies must consider the tax information reporting obligations. This is not only important so businesses avoid IRS penalties by submitting the appropriate forms, but […]