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
Category: LatAm Compliance
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
LatAm Compliance
Download the 10th Edition of the Most Comprehensive Guide to Global E-invoicing Compliance
With electronic invoicing sweeping Europe and much of the rest of the globe just as it did Latin America, organizations need to be prepared to
Electronic Invoicing
Why the New Process for Cancelling E-Invoices in Mexico Matters
The changes involved in the new process for cancelling electronic invoices in Mexico are not trivial. There are major ramifications for both accounts payable (AP)
Electronic Invoicing
Why a New OSE Mandate in Peru Could Leave Companies Searching for Partners
Peru is giving large companies just five months to comply with a requirement to partner with a certified Operator of Electronic Services (OSE) for clearing
LatAm Compliance
Sovos Expert to Discuss VAT Controls on Business Transactions at International Conference
In October, Christiaan van der Valk, Sovos vice president of strategy, will speak about the emergence of real-time VAT controls on business transactions at the
Electronic Invoicing
Sovos Colombia eInvoicing Solution Earns Powered by SAP NetWeaver® Certification
The Sovos eInvoicing solution for Colombia has achieved SAP certification as powered by the SAP NetWeaver® technology platform. The solution integrates with SAP NetWeaver and
Electronic Invoicing
Mexico in the Digital Age: 7 VAT Compliance Measures to Know
Governments have rapidly adopted digital models to better collect every type of transactional tax, including value-added tax (VAT), goods and services tax (GST), and sales
Electronic Invoicing
Why a Conference in Portugal Could Set a Course for the Future of VAT Enforcement
The CIAT/IOTA Conference taking place next month in Portugal demonstrates the global emergence of a major trend: real-time tax control and enforcement. The conference, which