EDICOM partners with TAXCOM to deliver its EDI ASP platform in Russia

November 17, 2014  |  Asia, Compliance, Electronic Invoicing  |  Comments Off

The partnership enables TAXCOM to distribute solutions EDICOM’s electronic data interchange solutions in service mode. The idea is direct integration of a client companies’ management systems with the ASP platform of EDICOM, without the need for costly investments in hardware and software.

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Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

November 10, 2014  |  Asia, Compliance, Electronic Invoicing, Featured Articles, Government  |  Comments Off

Taxand Indonesia mentioned in a post that Indonesia has introduced a new VAT biased electronic invoicing system. This new system will be implemented in 3 stages. For the first phase, the Directorate General of Taxes (DGT) has identified 45 companies which will be required to issue electronic VAT invoices. These are mostly foreign investment companies, state-owned enterprises and publicly-listed companies.

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Turkey reports massive -environmental- savings due to e-invoicing

November 4, 2014  |  Adoption, Asia, Electronic Invoicing, Europe, Government  |  Comments Off

According to Finance Minister Mehmet ?im?ek, the Turkish electronic invoicing system has already saved 650 million Turkish Liras ($293 million) of extra costs and prevented 100,000 trees from being cut. The electronic invoicing system, which has been implemented in Turkey since 2010.

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SAP and Ariba Transform e-Procurement in Middle East

October 28, 2014  |  Adoption, Asia, E-procurement  |  Comments Off

As little as two years ago, procurement in the Middle East could be summed up in two words: administrative task. But a transformation is underway. Procurement is fast becoming a strategic capability that beyond costs savings and efficiencies, can deliver business innovation and outcomes. And with increasing frequency, companies across the region are turning to SAP and Ariba to drive it.

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Number 47: Qatar is the next compliant country for Tungsten

Number 47: Qatar is the next compliant country for Tungsten

October 22, 2014  |  Asia, Compliance, Electronic Invoicing  |  Comments Off

Qatar is Tungsten Network's 47th compliant country and the third Middle Eastern nation that Tungsten is legally and operationally compliant in, joining the United Arab Emirates and Saudi Arabia. Qatari suppliers on the Tungsten Network come from a variety of industries, including hospitality, legal, media and telecommunications.

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eFinans acquires e-archive license, first step in Turkish B2C e-invoices

eFinans acquires e-archive license, first step in Turkish B2C e-invoices

September 24, 2014  |  Asia, Compliance, Electronic Invoicing, Legal  |  Comments Off

eFinans has recently acquired its license to become one of the few Turkish e-Archive solution providers. The e-Archive system facilitates the forming, safekeeping, legal presentation and reporting of all B2C and B2B invoices in electronic format.
The system is mandatory as of 1 January 2016 for firms making online sales in Turkey which have a gross sales of-over- 5 million Turkish Lire (1,745 million Euro / 2,234 million US Dollar) in 2014.

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A new rising trend in Turkey: the mandatory e-ledger (e-accounting)

September 15, 2014  |  Asia, Compliance, Electronic Invoicing, Financial software, Government  |  Comments Off

The Turkey’s taxing authority Turkish Revenue Administration (TRA) announced it is mandatory that all e-invoice taxpayers have to apply for the E-ledger system at the TRA before December 2014. The companies who have to use E-ledger system must keep their Journals and general ledger are included to the scope of this service.

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VinaPhone launches B2B and B2C einvoicing services in Vietnam

August 18, 2014  |  Asia, Electronic Invoicing  |  Comments Off

The e-invoice is fully valid in accordance with legal regulations, so corporate customers can use it for accounting or tax statement. Additionally, this system also stores invoices for the past 10 years, so customers can store, manage and print for use as necessary.

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Compliant e-invoicing in UAE: country number 46 for Tungsten

July 1, 2014  |  Asia, Compliance, Electronic Invoicing  |  Comments Off

Having completed a thorough review of Emirati commercial law, Tungsten Network now allows customers to send and receive electronic invoices that qualify as a legal invoice in the UAE.
So why are the United Arab Emirates so important to Tungsten, you might ask. Well, that is because the UAE is one of the Middle East’s largest economies, one of the world’s most important business hubs and appointed by Tungsten clients as a key market.

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Taiwanese Ministry of Finance e-invoice team receives Quality Award

June 27, 2014  |  Asia, Electronic Invoicing, Events, Government  |  Comments Off

The Taiwanese Ministry of Finance has won a special Government Service Quality Awards for its e-invoice team. The Government Service Quality Awards are the highest honor for Taiwanese government agencies providing excellent service quality. The "Special Award" is given to agencies that have made outstanding contributions to improve service process, and achieve tangible benefits.

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