Archive for Compliance

UK officially publishes revised electronic invoicing rules [download]

The UK Revenues and Customs office has officially published the revises rules on electronic invoicing. This new notice cancels and replaces Notice 700/63 that stems from 7 years ago: June 2007.
The new notice has been updated to reflect the European changes in invoicing regulations of 2013. The new notice also contains revised content to reflect the technological advances since the previous version. However these changes remain technology neutral.

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Portugal combats tax evasion with fancy cars lottery

Portugal combats tax evasion with fancy cars lottery

April 7, 2014  |  Compliance, Electronic Invoicing, Europe

Portugal is a forerunner in taking measures to address tax evasion and fraud. These measures in Portugal include greater use of electronic invoicing, investment in technology and more tax agents, as well as small tax discounts on personal invoices, in force from last year. Electronic invoices rose 25 percent in January from a year earlier to around 365 million. But also a state lottery is part of the measures.

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OB10 and Comprova now provide Brasil with compliant straight through e-invoicing

Brazil is a leader in e-Invoicing with a government mandate and market accustomed to automated invoice technology. In addition to complying with the complexity of tax and e-Invoicing regulations, companies are looking to streamline their invoice processing.
The strategic alliance with Comprova enables OB10 to meet the demands of its customers, and deliver compliant e-Invoicing and straight-through processing to businesses operating in Brazil.

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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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