Electronic Invoicing
India Adds Clarity to New E-Invoicing Regime
Following India’s recent public consultation looking at the proposed introduction of an e-invoicing regime, the GST council has now released a white paper on the
Category: Value Added Tax
Value Added Tax
Key Steps for MTD Second Stage Filers
In our previous piece reflecting on the aftermath of the initial MTD deadlines for ‘First Stage filers’ we also noted that the first submission experiences
E-archiving
Portugal’s New Invoicing and E-Archiving Rules Published but Uncertainty Remains
In February 2019, Portugal published extensive and comprehensive legislation intended to regulate the invoicing processes in a growing digital environment. To this end, the country
Value Added Tax
VAT Mini One Stop Shop – the Current Status
The European Commission published in September a statistical report on the VAT Mini One Stop Shop (MOSS). According to this report the overall VAT revenue
Electronic Invoicing
France Takes First Steps Towards Mandatory B2B Electronic Invoicing
Back in June this year, many heads were turned when the French Minister of Public Accounts and Action, Gérald Darmanin, went on record stating that the French Government has the intention of making e-invoicing
Electronic Invoicing
Meeting the New Indirect Tax Challenges of Accounts Payable Automation
A substantial number of companies are unaware of the full challenges around tax compliance and their procurement processes. Part of the challenge is that tax
Sales & Use Tax
Indirect Tax Compliance Challenges in Accounts Payable Automation
AP automation is supposed to save SAP customers money, but developments in digital tax could derail its benefits and actually create further liabilities. With tax
E-archiving
Why Storage of Electronic Invoices in the EU Gets Complicated Quickly
It’s very possible that US companies are breaking laws governing storage of electronic invoices in the European Union without realizing they’re putting themselves at risk
Value Added Tax
Don’t Judge a Book by its Form: The Downward Global Trend in VAT Rates of E-Publications
Using reduced VAT rates to influence consumer buying choices Charging VAT and other consumption taxes rarely has a significant effect on a nation’s economy. The
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
Value Added Tax
Moving the Goalposts or Tweaking the Boundaries? Recent Updates to Intrastat Reporting
For those currently in the midst of preparing monthly Intrastat returns, the recent increase in reporting thresholds by a number of countries across the European
Electronic Invoicing
Greece e-Reporting Scheme Takes Shape Under Newly Elected Government
Last month, we made some predictions on how the outcome of the recent elections would impact the agenda of the Independent Authority of Public Revenues
Electronic Invoicing
Sovos Closes Foriba Acquisition, Advancing Mission to Solve Tax for Good™
Sovos officially closed the acquisition of Istanbul-based Foriba. This acquisition represents another significant milestone in our mission and makes it easier for businesses to overcome
Value Added Tax
Let’s Get Digital
As businesses prepare to file their first VAT returns under Making Tax Digital (MTD), many will already be fully compliant with the requirement to retain
Value Added Tax
European Commission Introduces a New Super Weapon Against VAT Fraud
The European Union has been fighting against VAT fraud for many years. The so-called ‘carrousel fraud’ is costing the EU approximately EUR 50 billion per
Electronic Invoicing
Indian GST Council Confirms Plan to Roll out B2B E-invoicing System
Last week, the Indian GST Council convened for its 35th session, this time chaired by the recently appointed finance minister, Nirmala Sitharaman. As expected, the
Electronic Invoicing
Is India on a Path toward Mandatory B2B E-invoicing?
As more and more countries across the world depend on VAT, GST or other indirect taxes as the single most significant source of public revenue,