Supply chain finance is a system of business operation that, to use a common term, knocks out three birds with one stone. In other words, it benefits the buyer, seller and financing institution involved in a deal, enhancing overall efficiency so everyone walks away from a deal happy. In fact, as financial information website Investopedia describes […]
The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While 2014 data is no longer required, the core requirements are now more detailed. So while the go-live date has transitioned from January 25 to March 3rd, this doesn’t mean you should delay your implementation.
For those who are new to the Latin America reporting requirements, I think it is important to understand that the issue goes beyond SAP application updates. More importantly, it is critical to understand that no ERP vendor can provide a reporting solution for every single one of their customers. This is not just an SAP […]
Under the present place of supply rules, companies in the European Union (EU) selling electronically supplied services to non-business consumers (B2C) in another EU country must collect the Value Added Tax (VAT) of the country where the supplier is established. However, the “present rules” will only be the “present rules” for a few more weeks. […]
Evidenced by its growing population and hosting of the World Cup, Brazil is fast becoming a major hub for economic activity. Mexico is receiving investment to further manufacturing, and Chile and Colombia continue to outperform their growth objectives. As a result, more companies that conduct international business transactions are considering this marketplace to either set […]
Look no further than Colombia as the latest sign that Latin America’s economy is growing. According to the National Statistics Institute, during the second quarter, Colombia’s economy grew by nearly 4.5 percent when compared with the same three-month period in 2013, the Wall Street Journal noted. This was roughly in line with what economists […]
When it comes to having a favorable business environment, few would associate more regulations as being the answer. Increasingly complicated compliance issues often create more red tape, which makes it that much harder to accomplish things in the most cost efficient way possible. \ With this in mind, business owners who operate in Latin America […]
Taxware Product Management is very pleased to announce the release of the Oracle R12 Adapter v8.4.0! This release, relevant for Oracle E-Business Suite R 12 users, will not only provide Oracle EBS integration for Taxware clients, but also offer the functionality and recommended best practices for optimal performance. This adapter is a part of Taxware’s larger initiative to provide […]
It’s been a year of heightened regulatory scrutiny for Latin American business owners, as laws are now on the books that require entrepreneurs to establish an electronic invoicing system in many countries. Thus far, it’s turning out to be a program that’s paying off for governments, most notably in Mexico.
Taxware Enterprise (TWE) 8.4 Has Achieved Oracle Validated Integration with Oracle E-Business Suite Financials 12.2! Oracle E-Business Suite 12.2 users will now have full access to Taxware’s determination and reporting tools to help streamline sales and use tax compliance. Through this integration, Oracle E-Business Suite 12.2 users have full access to Taxware’s determination and reporting […]
Value-Added Taxes Are Complex Value-Added Tax (VAT) is tax that is levied at every stage of the supply chain, on both goods and services. Every major economy except the United States (US) levies a form of VAT and each does so with its own set of rules for compliance and reporting. Apart from compliance, processing, […]
As in other Latin America countries, the transactional signing of standardized XML is always implemented with a corresponding reporting element. Brazil has Nota Fiscal and SPED. Chile has DTE and Libros. And now Mexico has CFDI and electronic books.
Making Your Summit Experience a Learning Opportunity Unlock the full potential of your Taxware applications with hands-on training sessions at our User Summit in October. October 22nd – 24th Hyatt Regency Grand Cypress Orlando, FL Mark your calendar as busy on October 22-24: they are the official dates for the Taxware User Summit 2014. We are a […]
Supply chain finance is a method of business transaction that’s gained notoriety and popularity within the electronic invoicing vendor world. There are three core elements to SCF – a supplier, buyer and financial institution. With each relying on the other, the ultimate goal is to optimize the relationship between the supplier and the buyer […]
It’s been a year of heightened regulatory scrutiny for Latin American business owners, as laws are now on the books that require entrepreneurs to establish an electronic invoicing system. Thus far, it’s turning out to be a program that’s paying off for governments, most notably in Mexico. Through the first six months of 2014, […]
Financial Operations Summer 2014 edition features VAT Compliance article Financial Operations magazine recently featured an article by Casper Winkelman, co-founder and managing director of VAT Resource, a company recently acquired by Taxware. The article, “Take control of your VAT compliance” discusses the complexity of VAT compliance for companies conducting business across international borders. In the […]
Learning, Networking and Fun At Taxware Summit 2014 October 22nd – 24th Hyatt Regency Grand Cypress Orlando, FL Mark your calendar as busy on October 22-24: they’re the official dates for the Taxware User Summit 2014. We are only two months away from sessions on tax, technology and training at the beautiful Hyatt Regency Grand […]
In previous articles, we discussed why on-premise applications do not make sense anymore in Latin America – because they offered no economies of scale. Why would you try to be an expert on e-invoicing compliance in Latin America? Don’t you rely on tax experts and consultants to keep up with the changes? Why then would […]