Big Data meets Big Brother – why Tax Authorities care about your e-invoicing processes

Any business that operates internationally has by now had to adjust their financial processes to e-invoicing or e-reporting mandates in several countries. Examples range from e-invoice clearance countries such as Chile, Mexico and Brazil, which require large sets of data to be cleared by the tax authority before the invoice is considered to be fiscally valid, to countries that only require real-time reporting of invoice data, such as Spain or Hungary, to hybrid models that require you to build new ledgers on state-operated platforms, such as the Greek myDATA system.

Where does this regulatory trend come from and what drives this type of legislation? Will all countries introduce similar frameworks, or will the current fragmentation continue? And most importantly, how should you prepare your business for the world where your SAP data will soon need to be reported in many formats, through varied connectivity models, to almost all tax authorities where your business operates?

In this webinar, Filippa Jörnstedt, VP of Regulatory Analysis & Design at Sovos, will walk you through why tax authorities have started caring about your ERP and e-invoicing processes, and where these trends are going. While these reforms vary in style, complexity, scope and workflow, what they all have in common is real time data disclosure to public authorities – increasing the importance of getting the data right before getting it over to the tax authority.

Key takeaways from this webinar will be:

• How different countries have regulated digital tax controls and how they will inspire others
• What trends can be expected in the future
• How these fiscal reforms will affect your business processes
• How businesses can prepare for the coming wave of disruptive fiscal reforms