Over 500,000 organizations rushed to get solutions in place by the January 1, 2014 electronic invoicing deadlines in Mexico. Now after the first 3 months, the problems we were expecting companies to experience who chose the lowest cost local solutions are starting to show up. (FYI – Our customers are doing great.) For this blog, […]
Businesses are a major revenue source for taxing authorities in the U.S. and around the world, and the taxability issues are particularly tricky. Sales and use tax changes have a tremendous impact on every business’ ability to remain compliant with every jurisdiction; and rules are being added and changed every day. Download our Infographic to learn more about those […]
The Chile SII officially published the electronic invoicing mandate in the Official Gazette, mandatory use of the Electronic Tax Document (DTE). The rollout will take place over 3 years and will be based on revenue tiers.
Reading is unquestionably fundamental, but the taxation of reading material is anything but that. Organizations that sell publications (newspapers, magazines, books, and alike) face a variety of taxation challenges both domestically and internationally. Those challenges are only growing as we continue to move into the electronic age where print media yields to its digital equivalent. […]
Eventhough the latest NFe 3.1 deadline is approaching, there are still a lot of companies that don’t fully understand the required upgrades in Brazil. So in short, here is a quick overview of 3.10 requirements as well as what we are seeing from project length and staffing.
Today I was speaking with a Fortune 100 company who was looking at their Inbound Validation processes and trying to decide whether automation would be required. My answer was a resounding yes, but more often than not – I see multinationals doing the inbound validation of supplier and business partner XML through manual processes. I […]
IIllinois, as well as Chicago, generally follows origin based sourcing. Illinois Dept. of Rev. General Information Letter ST 00-0020-GIL, 01/26/2000. Until the recent Illinois Supreme Court Hartney decision, which we will discuss below, Illinois law provided that a sale is sourced to the seller’s place of business that: Makes a complete and unconditional offer to […]
I get a lot of questions on the differences between Latin America electronic invoicing in comparison to other regions of the world. And one of the confusing points for many people is the concept of “Contingency” – the question that comes up from many is – if I am forced to go electronic, why is […]
Microsoft Dynamics’ business solutions have long offered their customers customizable, user-friendly ways to better manage their end-to-end company processes. Manufacturing or retail, e-commerce or the public sector, Microsoft Dynamics is increasingly compelling for businesses to better manage and meet company goals. In an effort to best accommodate this exciting and fast-growing ERP, Taxware is […]
Value Added Tax (VAT) is the most prevalent type of consumption tax in the world. The tax is assessed on the sales or purchase price of merchandise or services. Most countries in the world have adopted VAT and apply VAT to both goods and services. In fact, some countries use the name goods and services […]
In a recent article, I discussed the concept of eSocial in Brazil – a new real-time integration requirement that will be focused on payroll taxes among other human resource issues. Well, Mexico actually has beaten Brazil to the market with the requirement of Electronic Payroll Receipts as of January 1, 2014. In Brazil, eSocial will […]
The high-tech software sector is a major revenue source for taxing authorities in the United States and around the world, but the taxability issues faced by vendors in this space can be particularly tricky. Just ten years ago, determining the taxability of software was very straight forward. Most software was delivered on a tangible medium […]
Legal requirements for invoicing are constantly changing in Argentina. While they are mandatory for some industries, others are still receiving future timelines from the Argentinean tax authority Administración Federal de Ingresos Públicos (AFIP). Today organizations need to consider solutions for Type E export invoices, as well as the regulations for domestic (Type A and Type […]
For the next installment on my series on: SAP Hybrid Cloud Proves Successful for Latin America E-Invoicing Compliance, I wanted to cover why you can’t rely solely on a pure managed service provider or 100% cloud provider for e-invoicing in Latin America. It is really important to understand there are 3 functional requirements to Latin […]
Retailers with business operations in the United States and around the world rely on Taxware’s products and services to ensure they are in compliance with the latest legal, regulatory, and policy changes. Our team of tax experts maintains the accuracy of millions of taxability rules (which include rates, product taxability, place of supply rules, rounding […]