China’s E-invoicing Expansion
China’s E-Invoicing Expansion The move to customer facing e‑invoices grows in China. China’s VAT digitization journey began nearly two decades ago with the rollout of
China’s E-Invoicing Expansion The move to customer facing e‑invoices grows in China. China’s VAT digitization journey began nearly two decades ago with the rollout of
Unlike many other country initiatives that we have seen in the e-invoicing space recently, Australia does not seem to have any immediate plans to introduce
In South Korea, e-invoicing has been mandatory for all corporate businesses since 2011. From 2012, individual businesses (entrepreneurs) have also been required to comply with
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During the last decade, the Vietnamese government has been developing a feasible solution to reduce VAT fraud in the country by adopting an e-invoice requirement
The Tax Bureaus of Shanghai, Guangdong Province and Inner Mongolia Autonomous Region have all issued announcements stating they intend to carry out a new pilot
Many tax authorities are increasing their focus on the insurance industry in an effort to close tax revenue gaps, with many introducing Insurance Premium Tax (IPT) and other indirect taxes for insurance. Globally, IPT is fragmented across over 200+ countries and achieving compliance can be a complex process requiring specialist knowledge.
Welcome to the 13th edition of Sovos’ annual Trends report where we put a spotlight on current and near-term legal requirements across regions and VAT compliance domains.
The Chinese e-invoicing pilot program, which has gradually been expanded in its new form since January 2021, has now welcomed a new batch of cities
The global e-commerce market continues to transform in today’s digital world. E-commerce transactions consist of a variety of digital services and products such as software,
A new timeline for the go-live of the Philippine e-invoicing system (EIS) was announced at the webinar held by BIR today on the 12th October.
Saudi Arabia – E-Invoicing Saudi Arabia leads the way to continuous transaction controls in the Gulf Saudi Arabia e-invoicing from December 2021 Saudi Arabia introduced
Having originated in Latin America, the next region set to embrace continuous transaction controls is Asia. Several jurisdictions in the region have announced their intent
Ever since the introduction of mandatory e-invoicing in India, B2C transactions have been excluded from the scope of mandatory e-invoicing. For these transactions specifically, there
South Korea’s Long Standing e-Tax Invoice System South Korea E-Invoices South Korea introduced its Electronic Tax Invoice System i.e. e-Tax in 2010. Since 2011, this
What is Turkey’s E‑Transformation? While many governments and tax authorities are now on an e-Transformation journey, this trend began in Latin America in the early
E-Invoicing India: All You Need to Know India E-Invoicing Requirements Under the new Goods and Services Tax (GST) framework, the Indian e-invoicing system falls under
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization