Archive for Asia

Saudi Arabia mandates B2B e-invoicing, as an respond to lower oil prices

August 16, 2016  |  Asia, Compliance, Electronic Invoicing

The mandate will be gradually enforced and comes ahead of the introduction of new taxes over the next two years. The new taxation initiatives are part of the Saudi government's aim to diversify its revenue streams while oil prices remain low.

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FIT Solutions announces its Supply Chain Finance Service in the Turkish finance sector

e-Finance is a FIT Solutions Supplier Financing Platform which steps in the situations where the corporations are required to collect their receivables earlier in order to make their payments regularly and on time.

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Indonesia: mandatory E-invoicing for ALL taxable enterprises as from 1 July 2016

Indonesia: mandatory E-invoicing for ALL taxable enterprises as from 1 July 2016

Since July 2015, the Directorate General of Taxes have been mandating enterprises in the Java and Bali region to use e-invoicing. In addition, it has since then also pointed out to all buyers of goods and services who receive tax invoices, to ensure that the received tax invoice received is an e-invoice (or and e-bill, from the consumer’s perspective).

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FIT Solutions’ e-Transformation is transforming Turkey

FIT Solutions keeps on being the leading solution partner in e-Transformation® processes of the enterprises in Turkey. The products of FIT, which provides services to 70% of the biggest 2000 enterprises in Turkey.

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World Bank supports and strengthens Bangladesh’ e-procurement efforts

June 10, 2016  |  Asia, Government, Procurement

A new data centre with 200 terra-byte storage capacity will be set up with an additional financing of $10 million that the global agency approved in Washington.

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E-invoicing pilot in Vietnam. The intermediate results are in…

By Decision 1209/Q? BTC dated June 23, 2015, the Ministry of Finance decided to start a pilot to use electronic invoices with a validation code from tax authorities for a number of enterprises in Ho Chi Minh City and Hà N?i.

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e-Archiving expands electronic billing in Turkey

Due to the compulsary e-archiving all the bills are generated and stored for a 10 year period. Forwarding can subsequently take place by different methods, depending on the technological capacities of each recipient.

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FIT Solutions: Turkey’s e-Transformation Leader, preferred by SMEs

February 18, 2016  |  Asia, Electronic Invoicing, Europe

FIT Solutions continues to act as the leading solution provider for the companies in Turkey in their e-Transformation processes. Providing services to 70% of the top 2000 firms in Turkey, FIT Solutions is also preferred by SMEs.

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E-bookkeeping and e-invoicing obligations expand in Turkey

January 11, 2016  |  Asia, Compliance, Electronic Invoicing, Europe

The transition to e-bookkeeping can be considered as a major step forward in the decade-long endeavor to bring the Turkish bookkeeping system and accounting profession in line with international best practices.

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China to expand its e-invoicing(e-billing) system NATIONWIDE!

December 14, 2015  |  Adoption, Asia, Electronic Invoicing, Government

China is going to extend its electronic invoice system to nationwide coverage in 2016 to better regulate taxation of online businesses. That is what the Economic Information Daily has reported. The e-invoices will serve as an equivalent to paper ones that provide proof of transactions and taxation.

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