Asia E-invoicing: New Developments in the Region

Sovos

September 10, 2021

This blog was last updated on September 29, 2021

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 to introduce a new invoicing system as soon as possible. In this episode of the Sovos Expert Series, Harri Vivian sits down with Victor Duarte, Senior Regulatory Counsel at Sovos to talk through the upcoming changes in the region, taking a close look at the Philippines and Vietnam.

Listen as Victor answers your most critical questions:

Question 1: Where is Asia compared to other continents on its continuous transaction controls (CTCs) journey?

Question 2: What countries are looking to move to CTCs first?

Question 3: Let’s dive a little bit deeper into the Philippines – what does their digital tax system look like today and in the future?

Question 4: Can you talk us through any e-invoicing changes happening in Vietnam?

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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