Archive for Asia
The Beijing IRS revealed that the Beijing Council and the Municipal Commission of Commerce, Local Taxation Bureau, City of Industry jointly issued notice on "further promotion of electronic invoicing and some public matters" In this notice the current e-invoicing pilot areas will be expanded to a large-scale retail, telecommunications and finance, insurance and other fields.Read More
E-invoicing recently became operational in Kazakhstan (KZ). The relevant e-invoicing provisions of KZ Tax Code have been effective since 1 July 2014, and the e-invoicing legal framework has been completed with KZ Government’s decree on e-invoicing of 24 July 2014 (Decree). That is what Sergii Shcherbak wrote in this post on LinkedIN.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.
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.Read More
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.Read More