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

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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E-invoicing in Turkey. An overview as from 1 September 2014

Even though Turkey has its eye on being a member of the European Union, there are quite some differences. One such difference is the way e-invoicing is shaped. Firstly e-invoicing will become mandatory for certain companies as from 1 September 2014. Secondly, the Turkish Revenue Administration acts as a hub. Thirdly, e-signatures are required. And fourth E-invoicing Service Providers need formal approval. Time for an overview...

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Tungsten extends compliant e-invoicing to 45th country: Saudi Arabia

June 9, 2014  |  Asia, Compliance, Electronic Invoicing  |  Comments Off

Countries all over the world start implementing e-invoicing. And with it, they mostly develop fiscal e-invoicing schemes that differ from state tot state. That is why it is important to have a service provider that provides compliance in the states where your customers/suppliers are situated.
Recently Tungsten added Saudi Arabia to its already impressive list of countries where they help organisations to streamline their processes and to achieve compliant straight-through processing.

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First Arab World Online Payment Report launched

June 4, 2014  |  Adoption, Asia, Digitalisation, Payment, Publications  |  Comments Off

Today the first edition of the Arab World Online Payment Report. The report provides in-depth analysis of the state of e-commerce, e-payment and bill presentment over the past ten years in the UAE, Saudi Arabia, Egypt, and Kuwait.

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Taiwanese Ministry of Finance wins RFID Green Award for its RFID e-invoices

June 2, 2014  |  Adoption, Asia, Electronic Invoicing, Events  |  Comments Off

The winner of this years RFID Green Award, the Fiscal Information Agency of the Taiwanese Ministry of Finance, said that there are about 8 billion uniform invoices (most of them B2C receipts) issued annually in Taiwan. The amount of paper consumption for these 8 billion invoices equals to 80,000 trees felled as well as the 3,200 tons of carbon dioxide emission.

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Jordan launches nationwide electronic billing and payment platform: eFawateerCom

Jordan launches nationwide electronic billing and payment platform: eFawateerCom

May 20, 2014  |  Asia, Electronic Invoicing, Government, Payment  |  Comments Off

Jordan has introduced eFawateerCom. The nationwide EBPP platform that lets people receive and pay their bills electronically from computers, ATMs and POS terminals from all over the country.
Most of the large Jordanian billers are "expected" to join eFawateerCom within the next 12-16 months. Meanwhile the Jordan government will use the platform to manage customs duties and taxes, again combating tax avoidance

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Fawry,the Egyptian EBPP platform expands to the UAE and the Gulf region

May 13, 2014  |  Asia, Electronic Invoicing, Payment  |  Comments Off

Fawry, the leading Egyptian Electronic Bill Presentment and Payment (EBPP) platform in Egypt, has plans to expand regionally, starting with the UAE to be followed by other GCC markets Fawry allows consumers from across the socio-economic strata in more than 300 cities and suburbs across Egypt to pay for their bills online, on mobile and at more than 40,000 points of presence across the nation, including 15 banks and 4200 ATMs; 1300 Egypt Post branches; 35000 retailers comprising pharmacies, supermarkets and convenience stores; as well as mobile and internet. Currently, more than one million transactions are processed daily via Fawry

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