Archive for Asia

Electronic invoicing in Kazakhstan as from July 2014

Late 2011 we already wrote about e-invoicing in Kazakhstan. At that time the Deputy Chairman of the Tax Committee Argyn Kipshakov said that Kazakhstan was to switch to electronic invoicing as from 1 July 2012. But that has been postponed to July 2014. As from October 2013 a pilot mode with electronic invoices is planned with taxpayers that have voluntary expressed the desire to start with einvoicing.
According to Tax Committee in Kazakhstan, ensuring comprehensive control of reflection with individuals of the income and identification of the persons who are evading paying taxes, is complicated as the declaration on the income and data on property are submitted by only 3.8% part of the population of Kazakhstan. Perhaps they'd better start with upgrading that percentage before thinking of introducing online billing.

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Basware and CEDEX create largest auto manufacturer e-invoicing network

September 6, 2013  |  Asia, Electronic Invoicing

Basware has partnered with CEDEX e-Autohub to connect automotive manufacturers in Europe and North America with suppliers in China. The agreement enables the connection of 5,000 Basware and 2,500 CEDEX e-Autohub suppliers and customers. A number that is expected to grow even further in the next future.
CEDEX e-Autohub ensures that the invoices of Chinese suppliers meet the customer requirements in Europe and North America, including the global invoicing standard used by major automotive manufacturers. The partnership should enable easier transmission of e-invoices between manufacturerers. Lowering the payment cycle with ten to fifteens days on average. This should lead to even better relationships between suppliers and carsellers.

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Indonesia tests e-Billing for tax payments

September 4, 2013  |  Asia, Electronic Invoicing, Payment

Indonesia’s Directorate General of Tax (DJP), Ministry of Finance has introduced electronic billing for tax payments or e-Billing, in order to minimise human error and cut the queues.
The e-Billing service is currently available in testing mode to those taxpayers registered in regional DJP offices in Jakarta and West Java, and large taxpayers. They will need to register at sse.pajak.go.id using their Tax Identification Number (TIN). Upon registration, users can fill out their personal details which will be stored by the system, and can then obtain a billing code from the system.

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Deutsche Bank to launch paperless cross-border services in China

September 2, 2013  |  Asia, Digitalisation, Electronic Invoicing, Payment

Deutsche Bank announced the launch of paperless cross-border (payment) services in China as from 1 September 2013. With these services, corporates in China will be able to process their payments and foreign exchange transactions, as well as submit their supporting documents electronically directly via its electronic banking platform ? db-direct internet.
With the Bank’s electronic banking platform, corporates can also benefit from a flexible authorisation set-up for electronic document delivery. Deutsche Bank’s streamlined paperless cross-border payment services via one single platform will enable its clients to centralise their foreign exchange management and significantly improve their operational processes.

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Tradeshift to tap in to Chinese market

September 2, 2013  |  Asia, Electronic Invoicing

Tradeshift, in person of Christian Lanng is busy with expanding the size of Chinese users on Tradeshift from currently several thousands to more than 100,000 in the next 12 months by building up a localization version in China.
Large companies all over the world now ask Tradeshift to help them connect their suppliers in China for them outside China. That’s going to be the first focus of Tradeshift and over the next 12 months they will be inviting more than 100,000 Chinese suppliers to join and do businesses with these large companies.

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Malaysia introduces next generation e-procurement system

August 13, 2013  |  Asia, Government, Purchase-to-pay

After 12 years of loyal service, the Malaysian government’s flagship e-procurement system called ePerolehan (eP) is to be replaced by a new eP system, NextGen eP, by 2015, as part of the country’s Government Transformation Programme . The new system’s digital architecture also supports the Digital Malaysia initiative, a national programme to advance the country towards a full digital economy by 2020.
The current eP system has modernised the government-to-business procurement landscape, since its launch in 1999. Earlier this month, the portal reached RM60 billion (US $18.5 billion) with over 1.5 million transactions since its inception. The new system:

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SEEBURGER Forms Global B2B Integration Partnership with Minacs

July 10, 2013  |  Asia, Digitalisation

Under the agreement, Minacs will make SEEBURGER technology available to customers with intra- and inter-company collaboration needs such as trading partner communications and managed file transfer (MFT); provide implementation services; and incorporate SEEBURGER solutions into industry-specific Minacs products including its TradeFree product suite for the banking sector.
Minacs has more than 150 B2B integration engagements under its belt, a strong global presence. SEEBURGER’s tight integration with SAP systems as well as its SAP-specific solution extensions for applications such as supply chain monitoring and order-to-cash automation give Minacs an opportunity to increase its engagements with SAP Global Delivery.

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Beijng starts with e-invoicing: centralisation, e-signatures, color coding and more

Beijng starts with e-invoicing: centralisation, e-signatures, color coding and more

The Beijing State Tax Bureau, the Beijing Local Taxation Bureau, the Beijing Municipal Commission of Commerce, Beijing Municipal Administration for Industry, decided on 27 June 2013 to start with electronic invoicing pilots.
China's e-commerce giant 360buy Jingdong Mall (www.jd.com) is one of the first companies in the Beijng area to start using electronic invoicing for individual buyers. Electronic invoicing, as part of the pilot project, is available to customers that buy books and video products in Beijing. Customers are free to choose paper invoices or electronic ones. The move is aimed at promoting electronic invoicing and improving the development of e-commerce. The following is derived from the original announcement:

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World Bank to help expand e-procurement in Bangladesh

June 12, 2013  |  Asia, Purchase-to-pay

The World Bank has agreed to provide a concessional loan of $34.5 million to Bangladesh to prop up the country’s electronic procurement infrastructure to enhance the use of electronic procurement at the Roads and Highways Department, Local Government Engineering Department, Rural Electrification Board and Bangladesh Water Development Board.
These four agencies spend a major portion of public money and invite bids to complete projects. These agencies will have to make 10,000 procurements using the electronic procurement system in the next three years, according to the agreement. Also, the project aims to scale up e-procurement activities in 20 more government agencies.

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Malaysia’s e-procurement portal shoots to $5.3B transactions in 2013

May 1, 2013  |  Asia, Purchase-to-pay

Malaysia's government electronic procurement (e-procurement) portal, ePerolehan, is targeting to support transactions totaling 17 billion ringgit (US$5.3 billion) in 2013, up from 15.4 billion ringgit (US$4.8 billion) last year.
The use of this system is at 75 percent, compared to just 10 percent in the year of introduction. The government was targeting an adoption rate of 90 percent for ePerolehan in two year's time. A 100 percent adoption rate could not be reached as not all government procurement could be processed through the portal. This is due to factors such as security, defense, and strategy.

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