Electronic Invoicing
The Rationale Behind the Fiscalization of Payments in Mexico
One of the reforms implemented in 2017 which has had a significant impact for Mexico’s fiscalization is the introduction of ‘proof of payment’. This reform
Category: Electronic Invoicing
E-archiving
GDPR Compliance: What it Means for Your Global Business E-Archive
Some of the biggest business buzzwords of 2017 are without a doubt tied to the themes of privacy, integrity and personal data protection. Rightly so;
Electronic Invoicing
Are Cloud Based Real-Time Controls Changing Trade As We Know It?
Interview with Christiaan van der Valk, Vice-Chair of the ICC Commission on the Digital Economy. This interview was originally published by the International Chamber of
Electronic Invoicing
The Art of Archive Off-Boarding: Can You Be Held Hostage By Your Archiving Vendor?
One of the aspects of Sovos’s checklist for ‘globally compliant archiving’ that we get most questions about is off-boarding. We’d like to share the answers
Electronic Invoicing
Old News or Fake News? Is There a Sign-Spiracy in Europe?
When I read this recent social media initiative by CloudTrade, my first reaction was a wave of nostalgia for the debate about VAT e-invoicing requirements
Electronic Invoicing
Paraguay Set to Join Mandatory E-Invoicing Club
It is not new that mandatory e-invoicing has flourished with notable strength in the recent history of taxation in Latin America. Ten or so years
Electronic Invoicing
Italy Leading the Charge Against EU E-Invoicing Inertia
Back in June, we wrote about how Italy has declared its intention to make e-invoicing fully mandatory – not only for B2G but also now
Electronic Invoicing
Real-Time Indirect Tax Controls and Online Reporting – Less Similar Than You Think…
The ISO Invoice Tax Report and SAF-T specifications for online tax administration invoice controls exemplify fundamentally different directions in the rapidly evolving electronic invoice compliance
Electronic Invoicing
Peruvian Distributed Clearance Model Launched
The Peruvian Tax Administration SUNAT recently authorised the first two e-invoicing operators that will eventually take over the current centralised clearance service at SUNAT: Peruvian/Danish
Electronic Invoicing
Colombian E-Invoicing Adoption – An Ambitious Deadline with Good Progress
Colombia has aggressively promoted the adoption of e-invoicing since 2015. That year, Decree 2242 introduced mandatory e-invoicing in XML format through regulated schemas, use of
Electronic Invoicing
4 Reasons Why Your Archiving Strategy Can Help Your E-Invoicing Strategy
Here at Sovos, we’ve noticed how many companies are starting to reflect on what their e-invoicing strategy should be. That doesn’t mean they view e-invoicing
Electronic Invoicing
China 2017 Update: E-Invoicing Adoption and Other Trends
In 2016, China’s Business Tax to VAT reform legally enabled many consumer-facing industries to issue electronic normal VAT invoices (not eligible for input VAT claim)
Electronic Invoicing
Does the Market Require E-Invoicing Compliance and VAT Automation in One Service?
Two years ago, a small number of forward-looking enterprises issued RFPs requesting ‘end-to-end invoice compliance automation services’. These RFPs requested all VAT-related compliance decisions to
Electronic Invoicing
Changes Ahead for Travel and Expense Management in a World of Real-Time Tax Controls?
Anyone who travels for work knows the pain of sorting through weeks’ or months’ worth of receipts and completing clumsy spreadsheets. If you work in
Electronic Invoicing
IoT Real-Time Tax Controls for Russian B2C Transactions
Recently, most medium and large retail businesses across Russia shifted to internet-connected cash desks that every day, in real-time, report to the Federal Tax Administration
Electronic Invoicing
Hungarian Invoice Data Reporting – Real-Time in 2018?
Earlier this year we reported about the soon-to-be Hungarian invoice data reporting export requirement, and more importantly, about unanswered questions at the time. This summer,
Electronic Invoicing
An Update on the Global Dialogue of Real-Time Government Controls
We have been writing about the rapid emergence of ‘clearance’ systems worldwide for some time now. Our annual white paper and the 2017 Billentis market
Electronic Invoicing
Eight Points to Assess Your Readiness Level for Globally Compliant E-Invoicing
To ensure globally compliant e-invoicing on an ongoing basis, you should keep a close eye on the following eight functional domains: Technical and legal document