E-archiving
New Global VAT Compliance Report Provides Guidance for Multinationals
Companies are dealing with a fundamental shift in the way they do business with trading partners. In a rapidly increasing number of countries, there’s a
Category: LatAm Compliance
Electronic Invoicing
Brazil Implements New E-Invoice Type NF3e
Brazil is often viewed as one of the most complex tax jurisdictions in the world. But, at the same time, it has been very successful
Electronic Invoicing
Extension of Mexican E-invoicing Mandate Puts New Pressure on Maquiladoras
A new wrinkle in Mexican electronic invoicing adds complexity to the e-invoicing process for maquiladoras, or foreign-owned factories operating along the US-Mexico border. Compared to
E-archiving
IMF Study Demonstrates Peru E-invoicing Works for Business and Government
Far from being a burden, Peru’s electronic invoicing mandate has helped medium-size businesses embark on digital transformation while also catalyzing a broadening of the country’s
Electronic Invoicing
New Argentina E-invoicing Mandate Focuses on Improving SMB Financing Options
As a result of an e-invoicing mandate currently rolling out in Argentina, small and medium-size businesses (SMBs) are or will soon be required to use
Electronic Invoicing
Why Clearance E-invoicing Is Both Inevitable and Positive for Businesses
Clearance-model e-invoicing will sweep the globe because it works – at least for tax administrations. With the VAT gap opening to more than half a
Electronic Invoicing
Colombia DIAN UBL 2.1 E-invoicing Mandate Reminds SAP Shops Why Compliance Matters
Colombia’s new electronic invoicing mandate serves as another reminder to SAP that compliance has to be at the heart of digital transformation efforts and migrations
Electronic Invoicing
Colombia anuncia el nuevo modelo de validación previa y el protocolo UBL 2.1 para su mandato de facturación electrónica
La autoridad fiscal de Colombia, DIAN (Dirección de Impuestos y Aduanas Nacionales), ha anunciado nuevos cambios a su mandato de facturación electrónica que serán implementados
Electronic Invoicing
A New VAT System for Costa Rica – Part I
The Costa Rican government enacted law 9635/2019 which introduces a new value added tax (VAT) system effective July 1, 2019. The new VAT replaces the
Electronic Invoicing
Shielding SAP Central Finance Migrations from Tax Compliance Mandates
With more companies focusing on global integration, cross-border supply chains and expanding ecommerce, governments across the globe are introducing new ways to enforce tax rules
Accounts Payable Automation
E-invoicing: Optimization Strategies to Withstand the Digital Tax Tsunami
The great corporate awakening Many corporations that previously saw e-invoicing mandates as a developing country problem are now realizing that invasive transaction-based digital tax controls
Accounts Payable Automation
SAP Central Finance Migration: Tax Compliance Spells Trouble
SAP S/4HANA is the promised land for SAP customers: an entire suite of ERP functionality in one place with a single data store. The ability
LatAm Compliance
Marketplace Facilitator Tax Collection Responsibilities in Latin America
Marketplace Facilitators and Payment Processors Find Themselves in the Global Tax Compliance Crosshairs – Part II As we discussed in part I, “Marketplace Facilitators and
Electronic Invoicing
E-factoring for Small and Midsize Companies Finally Arrives in Argentina
With the issuance of Resolution 5/2019 by the Ministry of Labour and Production, Argentina has implemented the electronic credit invoice, a credit instrument intended to
Electronic Invoicing
Sovos Named a 2019 Spend Matters Provider to Know for Procurement Innovation
Sovos has been named a ‘2019 Provider to Know’ by Spend Matters for innovation in procurement. Spend Matters released its 6th annual “50 Providers to
E-archiving
Developing a Taste for the Four Flavors of E-archiving
As far back as the 1940s, Coca-Cola used the tagline “It’s the Real Thing” to advertise its famous beverage. The company could just as easily
Electronic Invoicing
Are We in the Golden Age of VAT Recovery?
The value-added tax (“VAT”) was described in the EU as a “”money machine” over 20 years ago. Yet according to a 2015 study by the
E-archiving
Why Compliance in Mexico Is Especially Important for Maquiladoras
Mexico has overhauled its e-invoicing requirements in recent years, and while businesses of all kinds have had to adapt, keeping up with changes is particularly