Keep up on what’s happening in the digital transformation of tax worldwide.
Colombia’s tax authority, the DIAN, has introduced changes to its e-invoicing model. The new model requires organisations currently invoicing electronically through SAP to implement the new model by 2 November 2019. Companies implementing e-invoicing for the first time should follow the guidance published by the DIAN in Resolución 000020, which requires compliance beginning on 1 August 2019, for many organisations.
Italy’s 2018 Budget Bill now requires that you submit all electronic invoices through the governmental electronic invoicing platform: Sistema di Interscambio (SDI).
For Italy, this change is the first step towards a full clearance model, which has been successful in reducing the VAT gap in Latin America.