Archive for Asia

Vietmase companies are concerned about mandatory e-invoicing in 2018

September 14, 2017  |  Asia, Compliance, Electronic Invoicing

The Ministry of Finance is drafting a circular with paper bills being replaced by e-invoices from the start of 2018. However both domestic and international companies fear that the shift comes to soon.

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CloudTrade partners with Valtatech, extending APAC presence

September 5, 2017  |  Asia, Australia, Cooperation, Electronic Invoicing

CloudTrade’s partnership with Valtatech will strengthen the business’s presence in the Australian, Asian and Pacific markets, enabling businesses of all sizes to adopt CloudTrade’s unique e-invoicing solution.

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Real-time tax controls for Russian +6bln B2C transactions with a Certified Cash Desk

September 1, 2017  |  Asia, Compliance, Electronic Invoicing, Government

Businesses across Russia have supported the transition to IoT-based real-time tax controls, emphasising the reduction of administrative barriers and the creation of a trustful retail environment.

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China introduces blockchain to increase tax revenues and e-invoicing efficiency

China introduces blockchain to increase tax revenues and e-invoicing efficiency

Recently, the Chinese government announced that it will utilize blockchain technology for social taxation, increased tax revenue and electronic invoicing. The blockchain network is currently in development  and will be fully operational in October of this year. The name of this blockchain will most likely be GACHAIN: Government Affairs BlockCHAIN

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Turkey expected to mandate healthcare sector to switch to e-invoicing

August 8, 2017  |  Asia, Compliance, Electronic Invoicing, Europe

More than 60 thousand taxpayers shall be obligated to complete their applications until December 31, 2017 and switch to e-Invoice as of January 1, 2018.

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TrustWeaver announces signing and archiving services for Goods and Services Tax (GST) regime in India

July 3, 2017  |  Asia, Compliance

GST has replaced a majority of indirect taxes in India, including CENVAT and Service Tax that were previously supported by TrustWeaver. The introduction of GST is expected to have a major impact on the Indian economy and public administration.

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Thomas Bravo / Hyland buys Readsoft, Kofax, Perceptive Software from Lexmark

Kofax and ReadSoft will unite to create a single, independent company under the Kofax brand. The Perceptive Software business will become part of Hyland.

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Mandatory e-invoicing for Vietnamese companies as from 2018

The Vietnamese General Department of Taxation has ruled that from 2018, firms with chartered capital of more than VND15 billion (>USD 659,000) must issue e-invoices and periodically send tax offices data on the issued invoices.

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Philippines Joint Foreign Chambers propose mandatory e-invoicing before 2022

It is all about the mandatory use of e-invoices and e-receipts in commercial transactions between registered companies, their customers and the Bureau of Internal Revenue (BIR).

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Jordan adopts Korean e-procurement system

February 20, 2017  |  Asia, Europe, Procurement

The system consolidates services that include an e-procurement web portal, online bids for tender, electronic contracts, and online shopping malls.

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