Archive for Compliance

Number 47: Qatar is the next compliant country for Tungsten

Number 47: Qatar is the next compliant country for Tungsten

October 22, 2014  |  Asia, Compliance, Electronic Invoicing

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.

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[UPDATE] Bolivia implements mandatory e-invoicing as from November 2014

The Bolivian system mandates the use of e-invoicing, incorporates security measures to prevent forgery (using a QR code) and modifies the format of fiscal notes and auxiliary records. As it came clear to the Bolivian that most of the affected taxpayers were not ready for the new regulations, the new Resolution allows taxpayers until November 2014 to adjust their systems.

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4 reasons why e-invoicing mandates are good for businesses too!

October 16, 2014  |  Adoption, Compliance, Electronic Invoicing

When it comes to having a favorable business environment, few would associate more regulations as being the answer. However Scott Lewin (President & CEO) and Steve Sprague (VP Product Strategy) of Invoiceware International beg to differ. From their perspective and experience e-invoicing mandates are actually a great development that businesses will soon learn to appreciate for at least four reasons.

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Swiss federal administration mandates B2G e-invoicing

The Swiss Federal Council decided that as from 1 January 2016, suppliers have to submit electronic invoices to the federal administration if the contract value exceeds 5,000 Swiss francs. With this scheme, the concerns of SMEs is considered to exempt small procurements from the requirement. The federal administration will support their suppliers in the implementation phase.

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480 Percent growth for Invoiceware International, processing 83 billion USD in transactions

As more companies realize the profound implications of Latin American mandates and look for a regional partner, Invoiceware International continues to expand the largest Latin American Business Network with more than 70,000 businesses in the region transacting over 83 billion USD annually.

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EDICOM, first PAC to be CFDI authorised by SAT

Edicom states that it is the first PAC in Mexico authorized by the SAT. Their electronic invoicing solutions are designed to meet all legal requirements, while enabling users to take full advantage of the CFDI. In addition, EDICOM is endorsed by certificates such as ISO, SOX and NOM151 (electronic notary).

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Peru aims for full mandatory e-invoicing by 2017

September 30, 2014  |  Compliance, Electronic Invoicing, Latin America

Some 250 of the largest Peruvian companies were obligated to implement an e-invoicing system as of 1 October 2014. Peru's aim is that 100% of its taxpayers should be using e-billing by 2017. It is estimated that there are currently more than 7400 Peruvian businesses are already using electronic invoicing.

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Macedonia allows for e-invoicing in 2015. Not compliant with EU Directive

September 30, 2014  |  Adoption, Compliance, Electronic Invoicing, Europe

Macedonian VAT laws have undergone a number of revisions in 2014. Published in the Official Gazette no. 130/2014 and effective as of 11 September 2014, the new Law on VAT makes VAT registration mandatory for companies with a turnover starting from USD 20,000. Also the new laws allows for e-invoicing as from March 2015. Albeit not in compliance with EU provisions on electronic invoicing.

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First Spanish Provincial Authority to be fully adapted to Facturae

It is estimated that with Facturae they would have saved roughly 40,000 Euro. For this reason, the provincial agency is promoting several information sessions for businesses and local authorities, to help promote electronic invoicing, even before the compulsory start-up scheduled for January 15, 2015.

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SEEBURGER B2B Cloud Services receives highly regarded seal of approval

This seal confirms SEEBURGER Cloud Services use ISO27001 certified Germany-based data centers that adhere to Germany’s well-known data security laws covered by the Federal Data Protection Act (BDSG), which are observed and documented in customer contracts.

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