LatAm Compliance
Manufacturers Usher in the Digital Transformation of Tax
“Since virtually every decision or transaction undertaken in a business has a tax implication, and since the digital transformation is leading to entirely new business
Category: Value Added Tax
Electronic Invoicing
Hungary VAT Reporting Is Here: Are You Ready?
In June of this year, the Hungary VAT Reporting requirement went into effect. The country’s approach is unlike most other reporting mandates found throughout the
News
VAT & B2G Reporting Newsletter: July 2018
Country-by-Country News South Africa Proposes Amendment to Change VAT Rate South Africa’s Minister of Finance has published a draft amendment, which if enacted, would change
Infographic: Italy eInvoicing At a Glance
Italy’s VAT collection problemis driving innovation as it moves to adopt a ‘clearance’ model – a system which has been successful in reducing the VAT
Value Added Tax
The Hidden Cost of In-House VAT Compliance
VAT regulations in Europe are evolving at a head-spinning pace, forcing companies to quickly adapt their internal systems to comply with complex eLedger, eAccounting and
LatAm Compliance
Connected Supply Chains Drive Complex VAT Compliance
As cloud-connected technology has become more ubiquitous across the supply chain, sophisticated executives can use the data gleaned from these devices to better understand where
Electronic Invoicing
When Real-Time Tax Controls Move from a Trend to the Norm, What Comes Next?
Few experts would disagree with the idea that the global trend towards real-time tax controls on business transaction data has evolved from a ‘trend’ to
LatAm Compliance
Truth or Consequences: What Is the Source of Truth for Audits?
Governments around the world are going digital – eliminating paper-based reporting and instead leveraging technology for a high level of tax compliance automation. Real-time reporting
Electronic Invoicing
The Top Three SAP Challenges Impacting Manufacturers
The acceleration of regulatory complexity is causing unnecessary strain on IT departments within manufacturing companies, negatively impacting growth. In fact, 31% of companies report that
Value Added Tax
Reengineering VAT Rules for Cross-Border Transactions within the European Union
When the first European VAT Directive was adopted by the European Union’s forbearer, the European Economic Community all the way back in 1967, the ambition
LatAm Compliance
Real-Time VAT Reporting 101: Common Terms and Definitions
More countries are transitioning from electronic VAT filings to real-time VAT reporting, automated audits, eInvoicing and eReceipts. Learn terminology key to understanding real-time tax reporting.
Electronic Invoicing
Manufacturers Can’t Escape The Impacts of eInvoicing
As eInvoicing mandates sweep across Latin America, manufacturing is arguably the single most affected sector. With requirements impacting IT, finance, shipping, inventory management, inbound receiving
LatAm Compliance
Use Your HANA Migration to Solve Your Tax Challenges for Good
Companies dealing with complex sales and use tax determination, VAT regulations and other tax challenges across the globe know that SAP alone is not equipped
Electronic Invoicing
How to Reduce Risk and Protect Revenue In Mexico with the Digitization of Tax Administration
Invoicing in Latin America has become complex to the point of being daunting. Businesses that get electronic invoicing processes wrong could quickly grind to a
Value Added Tax
VAT & B2G Reporting Monthly Newsletter: May 2018
Country-by-Country News Mexico Allows Temporary Penalty Waiver for 2017 CFDI of Nomina The Tax Administration Service of Mexico (SAT) has announced that it will allow,
Value Added Tax
From B2B to B2G2B – How Can Business Networks Prepare for the ‘Clearance’ Revolution?
A silent revolution is spreading across Europe. As governments across the EU seek to close their VAT gaps, increasingly we’re seeing the trend towards government-controlled,
Electronic Invoicing
Italy eInvoicing: What You Need to Know
Italy will soon join Hungary in requiring real-time, transaction-level reporting. With the launch of the first phase imminent (1 July 2018), Italy’s tax authority recently
Value Added Tax
Split Payments: New VAT Collection Mechanism in the European Union
Countries within the European Union (EU) are losing billions of euros in value-added tax (VAT) every year because of VAT fraud, VAT evasion, VAT avoidance