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: Value Added Tax
E-archiving
How to Get Control of Your Invoice Archives: It’s Not Too Late
We all know that invoicing processes are increasingly tangled up in real-time and other complex tax requirements around the world. However, when you ask companies
Electronic Invoicing
With Foriba Acquisition, Sovos Strengthens Position in Modern Tax Software
Today, we announced Sovos will acquire Istanbul-based Foriba, bringing another global pioneer of e-invoicing compliance into the Sovos solution. The Foriba acquisition marks a milestone
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
News
Poland Dives Deeper Into VAT Split Payments – Mandatory From 1 September 2019
Split payments is one of the methods that European countries with a considerable VAT gap use to tackle it. Across the EU, the VAT gap
Tax Compliance
Marketplace Facilitator Tax Collection Responsibilities in the European Union
Marketplace Facilitators and Payment Processors Find Themselves in the Global Tax Compliance Crosshairs – Part III The spread of the digital economy presents massive growth
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 Drives Move to S/4HANA, Making Tax Compliance a Priority
SAP Central Finance is driving migration to SAP S/4HANA as companies look to deliver value to their finance and accounting organizations, as well as improve
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
Continuous Transaction Controls for Tax: Why Reporting vs. Clearance Matters
Very little about the emerging global digital tax environment is simple. That includes the countless different models tax authorities use to execute it. The two
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
Croatia Mandates B2G E-invoicing From July 2019
Scope and timeline Croatia is one of the few countries in Europe to have chosen to mandate the use of e-invoicing in public procurement processes
Electronic Invoicing
Portugal Issues New E-Invoicing Rules: A Flavour of Clearance but Not Quite There
On 15 February 2019, Portugal published Decree-Law 28/2019 regarding the processing, archiving and dematerialization of invoices and other tax related documents including: The mandatory use
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
Electronic Invoicing
Italy E-invoicing: Esterometro Reporting Requirements for Cross-border Transactions Updated
What is Esterometro? The Italian government’s e-invoicing mandate became effective on 1 January 2019. While cross-border invoices are exempt, all domestic B2B and B2C invoices