Archive for Compliance

Chile renews e-VAT return system

September 18, 2017  |  Compliance, Electronic Invoicing, Latin America

As 99% of tax documents are now electronic, this application will generate the VAT return based on the information contained in the electronic tax documents (DTEs)

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Vietmase companies are concerned about mandatory e-invoicing in 2018

September 14, 2017  |  Asia, Compliance, Electronic Invoicing

The Ministry of Finance is drafting a circular with paper bills being replaced by e-invoices from the start of 2018. However both domestic and international companies fear that the shift comes to soon.

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Real-time tax controls for Russian +6bln B2C transactions with a Certified Cash Desk

September 1, 2017  |  Asia, Compliance, Electronic Invoicing, Government

Businesses across Russia have supported the transition to IoT-based real-time tax controls, emphasising the reduction of administrative barriers and the creation of a trustful retail environment.

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Italy to launch CIUS-IT: the first CIUS based on e-invoice standard EN-16931 [UPDATE]

It will be interesting to see which countries will also implement EN-16931 together with a CIUS and how it will differ from this and other CIUS-es.  And that raises an other question: does your financial software allow for country specific invoice templates based on UBL? Is it CIUS-ready? This could become a big uh-oh for the successful adoption of e-invoicing in Europe.

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Turkish Social Security Institution to receive e-invoices starting Oct’17

Following previous successful on-boardings the Turkish Social Security Institution ("SGK") has announced on 22/08/2017 that it shall receive e-invoices as of 01/10/2017.

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Turkey moves to enlarge e-bill and digitize logistics, agriculture and professional service invoicing

August 28, 2017  |  Compliance, Europe, Government, Standards

The Turkish Revenue Authority (“TRA”) has published on 25/08/2017 not one, but two draft communiqués on more digitization.

The first draft consists of bringing a change in the obligatory use of the Turkish e-bill project (“e-arsiv”). The current legislation obligates taxpayers that have made any amount of sales over e-commerce and surpasses the total annual gross turnover level of 5 million TRY. As of 25/08/2017, 8261 taxpayers are issuing e-bills to receivers which fall outside the e-invoice obligation area. The e-bill users are also obligated to use e-invoice. Among other procedures designed to legislate e-commerce in general, the drafted Communiqué’s Article 5 suggests to amend the gross turnover level down to 1 million TRY. This is sure to encompass a larger obligatory population as it translates to any taxpayer making even 0.01 TRY e-commerce sale will have to issue all its invoices either on e-bill. Taking into account to growth in local e-commerce sales the Turkish public in general will be getting less and less paper invoices or bills. Peculiarly taxpayers with a turnover between 1 to 5 million TRY will not be jointly obligated to use e-invoicing, unlike those with a turnover of and above 5 million TRY.

The second and maybe the more important communiqué draft aims to digitize new fields;

  1. The much awaited e-dispatch note,
  2. farmer’s receipts and
  3. professional service receipts (i.e. medical doctors, lawyers, architects, etc.)

with a target obligation date of 01/07/2018.

e-Dispatch note

The system will be available very much like the TRA’s current methods of e-invoicing. Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal.

(eFinans is currently ready with its webservice guides and offers test and development environments for e-dispatch note. As all e-invoice users are obliged to received e-dispatch notes for any incoming parcels. It has started coaching its 130+ software partners to develop their connecting software to serve their clients’ needs on eFinans’s development environment. For more information please consult international@efinans.com.tr )

Farmer’s Receipt

The system is currently relatively unclear compared to e-Dispatch note. Proposedly it will run one-way much like the Turkish e-bill “e-arsiv” does. Obligated taxpayers will keep their copy of the farmer’s receipt digitized while continuing to issue in paper format to farmers.

Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal. Technically it is already known from experiences in e-arsiv that the direct integration is largely undesired by taxpayers due to high costs and relatively difficult IT audit requirements involved.

(eFinans is currently expecting technical XML samples and shall be ready shortly after TRA announces these technical details, with its webservice guides and offers test and development environments. For more information please consult international@efinans.com.tr )

Professional Service Receipts

The system is currently relatively unclear compared to e-Dispatch note. Proposedly it will run one-way much like the Turkish e-bill “e-arsiv” does. Obligated taxpayers will keep their copy of the receipt digitized while continuing to issue in paper format to service receivers. However, unlike the farmer’s receipt, the receiver here will receive the paper receipt upon request. This signifies an operating procedure much akin to the current Turkish e-bill process.

Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal. Technically it is already known from experiences in e-arsiv that the direct integration is largely undesired by taxpayers due to high costs and relatively difficult IT audit requirements involved.

(eFinans is currently expecting technical XML samples and shall be ready shortly after TRA announces these technical details, with its webservice guides and offers test and development environments. For more information please consult international@efinans.com.tr )

Interesting stuff: blockchain applications for tax/VAT purposes

Andre van der Valk pointed out to an interesting article on the use of blockchain for tax purposes. This article is interesting especially after the news that China plans to use blockchain for e-invoicing and tax purposes.

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e-Invoicing becomes mandatory in Colombia as from 2019

As from 2019 all those responsible for declaring VAT and Impoconsumo (Consumer Goods Tax) will be obliged to use this new system, according to the changes made in the latest tax reform (Law 1819 of 2016).

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SEEBURGER upgrades its use of Trustweaver’s cloud based compliance services to 55 countries

August 14, 2017  |  Compliance, Electronic Invoicing

SEEBURGER upgraded its use of TrustWeaver’s services in more than 55 countries by fully integrating compliant archiving of invoices and other business documents.

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China introduces blockchain to increase tax revenues and e-invoicing efficiency

China introduces blockchain to increase tax revenues and e-invoicing efficiency

Recently, the Chinese government announced that it will utilize blockchain technology for social taxation, increased tax revenue and electronic invoicing. The blockchain network is currently in development  and will be fully operational in October of this year. The name of this blockchain will most likely be GACHAIN: Government Affairs BlockCHAIN

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