Archive for Compliance

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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Turkey expected to mandate healthcare sector to switch to e-invoicing

August 8, 2017  |  Asia, Compliance, Electronic Invoicing, Europe

More than 60 thousand taxpayers shall be obligated to complete their applications until December 31, 2017 and switch to e-Invoice as of January 1, 2018.

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CFDI: Cancellation of an e-invoice now requires consent from the recipient

This new modality is established within the Tax Miscellaneous Resolution for 2017 (rules 2.7.1.38 and 2.7.1.39) and it is mandatory as of 1 January 2018.

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Sovos acquires Paperless, creating the 1st global solution for B2G reporting 

With the acquisition, Sovos adds eReceipts to its real-time tax reporting solution, expands its presence in Brazil and extends Latin American operations to Chile, Colombia and Peru.

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TrueCommerce simplifies global e-invoicing compliance with TrustWeaver

The TrustWeaver integration will provide TrueCommerce’s customers with an e-invoicing solution that assures VAT-compliance for more than 55 countries, providing legal certainty regardless of changes in legislation.

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SNI successfully files first 50 SII reports

July 17, 2017  |  Accounting, Compliance, Europe, Government

The SNI SAP SII cockpit allows you to select reportable outgoing and incoming invoices, create periodic SII files (envelopes), E-submission of SII XML files and control reports.

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EDICOM News update: CFDI, SII, LATAM, EDI, Global e-invoicing and GDSN

Including: "How does SII compare to other VAT reporting models in Europe?", "Report shows: CFDI has enormous impact on tax evasion" and "How does SII compare to other VAT reporting models in Europe?"

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