Archive for Compliance

Portugal makes use of certified billing software mandatory as from 1 April 2014

So, as of 1 April with the entry into force of Ministerial Decree nº 340/2013:

  • the obligation of compliant electronic invoicing solutions extends to all businesses issuing electronic invoices.
  • any company that do not use certified billing software, can be liable to penalties.
  • all software developed in-house by companies will no longer be considered valid, even if it follows the XML file construction criteria with inclusion of the fields deemed mandatory by the tax authorities.

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TIE Kinetix receives ISO 27001:2013 certification for information security management.

TIE Kinetix receives ISO 27001:2013 certification for information security management.

March 21, 2014  |  Compliance, Electronic Invoicing

TIE Kinetix is the first cloud-based E-Commerce solution provider to be awarded ISO 27001:2013 certification for information security management. The certification confirms that all sensitive customer and partner information is secured and managed at the highest level.
The ISO 27001:2013 process was done by Lloyd's Register Quality Assurance of Rotterdam, awarding TIE Kinetix with the only internationally recognized and most prestigious information security standard available.

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Invoiceware releases new version of their SAP Hybrid Cloud for Brazil Nota Fiscal compliance

In a recent article published by InformationWeek Brasil, Alexandre Quinze, CIO América Latina da Philip, discusses how Invoiceware's Nota Fiscal cloud service reduced on-going maintenance costs by 80% while increasing the productivity of end users by 25% when compared to maintaining an on-premise software for Brazil Nota Fiscal compliance. (Source: Philips no Brasil quebra paradigmas com arquitetura global de TI baseada no ERP)

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SMART Modular Technologies relies on Invoiceware International to manage their einvoicing in Brazil

By taking advantage of Invoiceware International's SAP Rapid Deployment Templates (RDT) and OnDemand Latin America E-Invoicing Network, SMART Modular is eliminating the ongoing SAP upgrades and IT burdens caused by the constantly changing regulations, now as well as in the future.

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New EU regulation for electronic ID and trust services [related to einvoicing]

On 4 June 2012, the European Commission proposed a draft Regulation on electronic identification and trust services for electronic transactions in the internal market. The Regulation is expected to be come into force on 1st July 2014 and will be directly applicable cross the EU from that date and is an important step for the development of e-commerce, e-invoicing and e-procurement.

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Ten years of electronic billing in Mexico [infographic]

This year marks the tenth anniversary of electronic invoicing in Mexico. On January 5, 2004, the Ministry of Finance and Public Credit, through the Official Gazette of the Federation, issued the first ever schema for the Digital Tax Receipt or CFD. Since then, approximately 9,000 million electronic billing transactions have taken place. This figure is set to grow in coming years as the CFDI becomes mandatory, making Mexico one of the most innovative countries in this area.

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Mexican e-invoicing displayed as best practice for Pan EU e-invoicing

More than 9,000 million (9 billion!) electronic invoices issued by different companies and entities in Mexico the past decade displays the success of the Mexican Einvoicing initiative. It represents a major step in the country's progress in its goal towards the development of e-government that provides greater efficiency, avoide the use of paper, to minimize fraud and to increase in public agility.
The successful implementation of electronic invoicing in Mexico has attracted much interest of the European Commission, as well as single EU Member States.

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SAT announces mobile app for Mexican CFDI compliance

March 3, 2014  |  Compliance

As from 1 April 2014, all individuals in Mexico who are obligated to issue invoices (e.g., business activities, professional services, leasing, incorporation regime) must issue them electronically. For these purposes, the tax administration service (SAT) announced that a new mobile application of the system “My accounts” (a free electronic tool to register income and expenses efficiently, fulfil tax obligations and issue electronic invoices) is available on the website of the SAT. The mobile application is available for Android mobiles and has the same functions as the system “My accounts.”

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Introducing our latest member: AMEXIPAC

AMEXIPAC is a non-profit organization that represents the leading e-Invoicing companies in Mexico. Our members are certified by Mexican Tax Authorities, (SAT) and as a group represent the majority of e-invoicing transactions issued in the country.
All AMEXIPAC members offer tax compliant e-Invoicing as well as value added services, such as sending and receiving solutions for different market verticals and segments, oriented towards improving customers´ business efficiency. AMEXIPAC brings together highly qualified legal and technical experts in order to meet the stringent requirements for e-invoicing in Mexico.
The implementation of these requirements by all members of AMEXIPAC have been set as a benchmark for e-Invoicing best practices in Mexico and Latin America.

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