Archive for Asia

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

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

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

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

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

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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Philippines GSIS rolls out online billing and payment app

In July of this year GSIS, the Government Service Insurance System, (the agency responsible to provide and administer the social security benefits for government employees in the Philippines) will be launching an online billing and payment application.
The Electronic Billing and Collection System (eBCS) is a web-based application that will enable GSIS to send its billing statements for premium and loan amortisation to government agencies electronically, and accept payments online.

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Malaysia introduces GST as from 2015. How does that impact electronic invoicing?

March 21, 2014  |  Asia, Electronic Invoicing

Malaysia introduced a new goods and services (GST) tax to be introduced in April 2015. The new tax will be levied at 6 per cent. The GST, unveiled in Malaysia's 2014 Budget, will replace the country's current sales and services tax of up to 16 per cent. Essential food items such as flour and rice, as well as bus and train fares, will be exempted. Oscar Ferreira raised the question in our LinkedIN group: With the upcoming developments on GST does anybody experienced e-invoicing for a Malaysian buyer organization? Any contribution is appreciated.

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Russian National certification Authority ZAO is connected to the PEPPOL

The Russian "National certification Authority" ZAO, is now connected to the PEPPOL eProcurement network. By connecting to the Russian National Certification Authority, organizations will have the unique opportunity to drive the adoption of standardized process automation and connectivity between Europe and Russia. This is expected to increase business opportunities and greater competition in both Russia and in the PEPPOL-countries.

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Hong Kong introduces joint one-stop cross border e-billing presentment and payment platform

Hong Kong introduces joint one-stop cross border e-billing presentment and payment platform

January 8, 2014  |  Asia, Electronic Invoicing, Payment

The Hong Kong Monetary Authority (HKMA) has worked closely with 23 banks to develop the first ever one-stop electronic bill presentment and payment platform that allows citizens from Hong Kong to receive, pay and schedule bill payments online.
Hong Kong government departments such as the Water Supplies Department and Rating and Valuation Department revealed plans to adopt the EBPP services by end of 2014 to better meet the needs of their customers.

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