Electronic Invoicing
Russia Introduces Mandatory E-Invoicing From 1 July 2021
Russia introduces a new e-invoicing system for traceability of certain goods on 1 July 2021. Federal Law No. 371-FZ will amend the Russian Tax Code
Category: Electronic Invoicing
E-archiving
Italy: A New Way to Report Cross-Border Invoices
When Italy introduced its mandatory e-invoicing system, cross-border invoices weren’t included in the scope of the reform. To introduce the mandate, Italy asked the European
Electronic Invoicing
Turkey: The Significance of Effective E-Transformation for Enterprises
Digitization has become more prevalent, especially because of COVID-19. Companies looking to improve efficiency via digital transformation are taking advantage of the benefits tax technologies
E-archiving
Italy: Understanding the New E-Document Legislation Requirements
In September 2020, the Agency for Digital Italy (AGID) introduced new requirements for the creation and preservation of electronic documents, which will be enforced from
Electronic Invoicing
EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
EESPA, the European E-invoicing Service Providers Association, recently published EESPA Standard Definitions for Legally Compliant Electronic Invoicing and their usage. This document aims to provide
Electronic Invoicing
E-Invoice Data Reveals the Impact of COVID-19 on Brazil’s Economy
Increased visibility into, and control over, taxpayer financial and trade data is the key benefit highlighted by governments that have introduced continuous transaction controls (CTC)
E-archiving
Will Bulgaria be the Next EU Member State to Introduce Continuous Transaction Controls?
Bulgaria could be the next EU Member State to introduce continuous transaction controls (CTCs) following Italy, France and Poland. Introducing CTCs provides tax administrations with
Electronic Invoicing
Saudi Arabia Publishes Draft Rules for E-Invoicing
The General Authority of Zakat and Tax (GAZT) has published draft rules for the controls, requirements, technical specifications and procedural rules for implementing the provisions
Electronic Invoicing
How the World Can Meet the Post COVID-19 Automation Challenge
It’s good to see light at the end of the tunnel. Nonetheless, it’s too little, too late for many smaller – but also plenty of
Electronic Invoicing
Breaking News: Scope of Indian e-invoicing system is Expanding from 1 April 2021
During the past few months, in the absence of formal clarification, there has been much speculation on whether the Indian authorities would move forward with
Electronic Invoicing
Albania: Updated CTC System Roll-out Timeline and Further Details Published
Following the introduction of ‘fiscalization’, Albania’s Continuous Transactions Controls scheme (CTC), in early 2020, the Albanian government published more information about the CTC system and
Electronic Invoicing
India Signals an Expansion in the Scope of E-Invoicing
The new India’s e-invoicing expansion has been live since October 2020 and it has been rolled-out in phases. The first phase started in October 2020
Electronic Invoicing
From Tax Control to Tax Collaboration: Russia’s Pioneering a New Approach
The trend of real-time data collection as a tax control mechanism by tax authorities across the world is not much of a surprise now, quite
Electronic Invoicing
Costa Rica: Taxation of Foreign Supply of Digital Services
Overview: The days when suppliers of digital content or services were considered out of reach of local tax authorities because they supplied products and services
Electronic Invoicing
Audio Blog: South Korean E-Invoicing Summarized in 4 minutes
Welcome to the Sovos Expert Series, today we will be talking with Selin Ring, Regulatory Counsel at Sovos about your e-invoicing obligations when operating
Electronic Invoicing
Hungary’s CTC System Upgrade Combines e-Invoicing and Real-time Reporting
It’s busy for the Hungarian National Tax and Customs Administration (NTCA). Currently this public body is in the midst of overseeing a transition period for
Electronic Invoicing
Turkish Revenue Authority Publishes New Rules for e-Documents
Back in July 2020, the Turkish Revenue Authority (TRA) published a Draft Communique including several amendments to existing e-document regulations. Very recently, on 9 February
Electronic Invoicing
Audio Blog: Poland: Full Steam Ahead Towards Europe’s Next Continuous Transaction Control System
Poland: Full steam ahead towards Europe’s next Continuous Transaction Control system Poland’s new e-invoicing law is planned to come in to force in October this