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Back to Basics: What is ‘Compliance’, Anyway?

Four years ago, we moderated an interesting debate via LinkedIn that revolved around a simple question: what do we mean by compliance? As ever, we had an opinion and offered a detailed definition that kick-started a great discussion thread. We would like to believe that that discussion contributed to heightened awareness among e-invoicing practitioners that […]

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Intelligent Compliance Key to Success in Latin America

Any business with operations in Latin America knows what a burden e-invoicing and tax reporting compliance can be. From constantly changing legislation to business disruptions and financial penalties, the challenges associated with Latin American compliance are profound, and continue to compound with each new mandate.

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4 Key Changes in Ecuador’s New Offline E-Invoicing Model

Starting January 2018, all taxpayers in Ecuador will be required to start invoicing under Ecuador’s new offline schema. Announced by the SRI, Ecuador’s tax authority, in 2015, this new e-invoicing model presents both benefits and challenges to companies operating in Ecuador. On one hand, this new process will give companies a slight buffer for compliance, […]

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Can You Reasonably Rely on Artificial Intelligence to Create a Compliant Invoice?

No one really knows what percentage of today’s invoices are noncompliant with VAT law. Given the complexity and rate of change in VAT law, there is an almost unlimited set of possible nonconformities on the scale between outright fraud and clerical errors. One big problem is that it is often very difficult to gather all […]

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Italy: The Beginning of the End of the EU Approach on E-Invoicing?

We have previously discussed how the Italian government is leveraging tax incentives to help boost e-invoicing adoption between private companies. After all, B2G e-invoicing has been mandatory in Italy for a couple of years now, but that has not led to a particularly impressive increase in the total amount of B2B e-invoices. Tax incentives that […]

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Can Artificial Intelligence Facilitate B2B Automation and Compliance?

Twenty years after IBM Deep Blue beat Garry Kasparov in a series of famous chess games, another computer program, AlphaGo by Google DeepMind, won against Lee Sedol, a top professional player in the very complex ancient game of Go. In 2011, between these two landmarks, we saw IBM’s Watson win against former champions in Jeopardy. […]

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How do Clearance Systems Relate to Major Innovations in E-Business?

E-invoicing clearance systems are increasingly being accepted and implemented worldwide. This development, with its origins in Latin America, is viewed by many market participants as potentially increasing tax compliance efficiency for businesses and public administrations alike. Mexico can be viewed as a relatively mature example of a clearance system. This country, where the tax administration […]

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What’s up in Russian E-Invoicing?

It has been a while since we posted news about Russia. To recap: e-invoicing is regulated but optional. Issuance is done via accredited operators, whereby both supplier and buyer must participate in a duplex clearance choreography. For more background, see previous posts. Interoperability across operators (called “roaming” in Russia – a misnomer) has been an […]

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Colombia Aims to Full Deployment of Clearance Model by 2019

In line with other countries in Latin America, Colombia opted to roll out e-invoicing on a voluntary basis, coupled with individual mandates to join the e-invoicing framework to specific taxpayers (often within strategic industry sectors or upon exceeding certain annual turnover threshold). At the end of 2015, Colombia issued Decree 2242 updating their e-invoicing framework. […]

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New Deadline for Migration to CFDI 3.3 in Mexico

During 2016, Mexico started the process of updating the legally established e-invoicing format. More specifically, the xml version of the CFDI document is being updated from v3.2 to v3.3. The process had a deadline for full migration from CFDI v3.2 to CFDI v3.3 by 1 July this year. However, the Mexican Tax Administration has postponed […]

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Contract Signing for B2B Transaction Automation Vendors

Pushed by fierce competition and under constant pressure from corporations to enable savings and optimize business processes, B2B transaction automation vendors are constantly looking into new features and functions to enhance the added value of their solutions. Many vendors in this space are developing into ‘business networks’ which go far beyond the early days of […]

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The Final Countdown to Hungarian Real-Time Reporting?

[UPDATE – June 2017] The likely decision to postpone the implementation of changes in VAT reporting has now finally been announced. Hungary has now postponed the entry into force of this requirement by one year until July 2018 for two reasons: To actually get the technical specification published well in advance To give taxpayers and […]

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Compliant Archiving Post #4: A Primer on Invoice Scanning in France

Earlier this year we reported about the legal status and trends regarding scanning of inbound paper invoices in Europe. One of the topics raised in that post was that France was in the midst of legal reform in this area: for some time the French framework entirely prohibited the concept of conversion of form for […]

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Estonia in the Limelight

During the past couple of months a number of significant changes have seemingly unnoticed entered into force in Estonia. Interestingly enough, Estonia seems to be the first EU Member State to by law require XML format for the exchange of B2B e-invoices, or rather require taxpayers to issue e-invoices using “machine-processable formats”. Only taxpayers who […]

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B2B vs E-Gov Standards: On a Collision or Peaceful Coexistence Course?

E-invoicing practitioners are well aware of the revolution that is caused by the imposition on businesses of messaging standards for purposes of tax ‘clearance’ and public procurement. Within the next decade, the business community as a whole will need to adapt to a parallel universe of standards designed for e-government transactional purposes. From what we’ve […]

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Inside the Upcoming Peruvian Distributed Clearance Model

In a previous post we informed that Peru has announced a radical change to its centralized e-invoicing framework turning it into a distributed one, whereby the tax authority SUNAT would delegate the clearance function to so-called Operators of Electronic Services (OSE). Recently SUNAT published draft legislation that provides technical and legal insight into this new […]

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What are the key changes in Mexican e-invoicing?

Mexico is one of the oldest pioneers in e-invoicing. With more than 10 years of experience, ~30 billion e-invoices, ~6 billion last year, it is worthwhile to see what the Tax Administration “SAT” has decided to change for the upcoming version 3.3, mandatory as of July 1st this year. As clearance gains more territory, what’s […]

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Italy Moving Towards ‘Clearance On Demand’?

The Italian government has in recent years put in place a package of legal measures with the ambition of boosting the adoption of e-invoicing across all sectors and especially for SMEs. Not too long ago, the government went so far as to make the Sistema di Interscambio, the public platform used to issue B2G e-invoices […]

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