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Governments around the world are going digital – eliminating paper-based reporting and instead leveraging technology for a high level of tax compliance automation. Real-time reporting of invoices, receipts, tax payments and accounting data has led to tighter integration between business processes and tax authorities. With so much data now in the hands of both companies […]

With just 6 months until e-invoicing becomes mandatory for all domestic Italian supplies, there is still a lot of confusion over the timeline, scope and the steps Italian taxpayers have to take to ensure they are compliant. This lack of clarity, even though the mandate was originally introduced back in December 2017, and despite the […]

The acceleration of regulatory complexity is causing unnecessary strain on IT departments within manufacturing companies, negatively impacting growth. In fact, 31% of companies report that keeping up with the volume and complexity of regulations is their number one compliance challenge, and 45% say increasing costs of compliance is their number one barrier to growth. The […]

Mexico’s planned process change for cancellations of electronic invoices will take effect Sept. 1 rather than in July as previously announced. The Mexican tax authority, the SAT, will require senders of electronic invoices, a document called a CDFI in Mexico, to get permission for cancellation from the party that received the invoice before the sender […]

For those active in the world of e-invoicing and global VAT compliance, you’ll know that in the past month all eyes have been on Italy and the first deadline for its e-invoicing reform. Since our last update, concerning the possible delay to the July 1 deadline, speculation has been rife about how volatile the mandate’s […]

Will Spain become the next EU country to follow in Italy’s footsteps by introducing a national mandate for business to business (B2B) e-invoicing? With the introduction of its e-invoicing mandate, Italy will become the first major EU country to acquire real-time information that will allow it to cross-check the VAT companies declare with the amount […]

As eInvoicing mandates sweep across Latin America, manufacturing is arguably the single most affected sector. With requirements impacting IT, finance, shipping, inventory management, inbound receiving and other business processes, eInvoicing greatly impacts the supply chain and manufacturers’ bottom lines. If not managed properly, eInvoicing could prevent trucks from distributing goods or force buyers to refuse […]

On the heels of revealing our S1 cloud platform to drive the modernization of tax software in the face of mounting digital disruption from businesses, financial systems providers and governments, as well as announcing support and an early adopter program for SAP S/4HANA cloud, we’re excited to also announce the following key appointments to our leadership […]

Costa Rica is one of the latest countries in Latin America to embrace electronic invoicing, and many companies doing business in the country are under pressure to find a service provider to help them comply with the country’s eInvoicing mandate. Manufactures and retailers are set to fall under the mandate in the next few months. […]

Companies dealing with complex sales and use tax determination, VAT regulations and other tax challenges across the globe know that SAP alone is not equipped to support the varying requirements from country to country. As SAP sunsets support and updates for ECC and R3, companies must move to HANA to keep their systems up to […]

After initially focusing on data and automation to gain visibility and ensure tax compliance in business-to-business transactions, many governments are now extending technology into business-to-consumer trade, requiring eReceipts. So, what’s the story behind eReceipts, and why do they matter? Here’s a quick tutorial to get you up to speed. What are eReceipts? eReceipts are the […]

The governments and tax administrations of South and Central America were among the first in the world to adopt ambitious programmes that mandate the use of e-invoicing based on ‘clearance’ and structured data files. Over the past ten years, we’ve seen them leapfrog the time-honored concepts of paper-based, post-audit processes to put in place entirely […]

Invoicing in Latin America has become complex to the point of being daunting. Businesses that get electronic invoicing processes wrong could quickly grind to a halt. Mastering the eInvoicing process is critical, then, and it involves making sure that all four elements of eInvoicing are working smoothly at the same time. New regulations, most notably […]

In order for businesses in Latin America to reduce their risks of fines, penalties and operational disruptions, it’s imperative to understand and manage the ever-changing eInvoicing and VAT reporting mandates sweeping throughout the region. While proactive compliance can improve operational efficiency, streamline processes and increase cash flow, many companies do not have strategic processes in […]

Italy will soon join Hungary in requiring real-time, transaction-level reporting. With the launch of the first phase imminent (1 July 2018), Italy’s tax authority recently released new information on its eInvoicing requirement. In February, the European Commission backed Italy’s request to implement mandatory eInvoicing. This clearance is a game-changer for businesses operating in the European […]

Ever since the Legge di Bilancio, the law introducing the Italian e-invoicing obligation for all domestic supplies was passed on 27 December 2017, discontented voices have raised an objection to its ambitious timeline. The original plan phases in the clearance-style mandatory e-invoicing process across the following key dates: 1st July 2018: For supplies of petrol […]

Companies looking to expand internationally or ones already doing business in multiple locations face a complex web of tax regulations and reforms, varying dramatically from country to country. Existing tax compliance systems and processes typically aren’t sufficient to manage these growing challenges, requiring multinationals to adopt a new, proactive approach to compliance to reduce risk […]