Archive for Compliance

Ecuador joins LATAM by making compliant einvoicing mandatory as from june 2014

Ecuador is joining the Latin American Community mandatory e-invoicing compliance. Ecuadorian Resolution NAC- DGERCGC13 - 00236 for mandatory integration of Electronic Invoicing or Factura Electrónica affects several transaction documents (and therefore also industries): Invoices, Tax Withholding Receipts, Bills of Lading (Remisión), Credit Notes and Debit Notes. The mandate is required only for transactions that support tax credit of Value Added Tax. There are four deadlines currently in place for different Taxable entities in Ecuador.

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Italy shortens its mandatory B2G einvoicing implementation deadline

As of June 6 2014, electronic invoicing will be mandatory for Italian ministries, the Tax Agency and state security bodies, as well as their suppliers. Other public agencies and their suppliers will have to join nine months later. So, the rollout of electronic invoicing in the Italian Public Sector will be completed by 31 March 2015. The initial deadline for switchover completion was 6 June 2015, one year after the first stage was started up. However, the Decree-Law issued on 24 April in the Official Gazette brought this period forward two months.

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The E-invoicing Board Game is bound to make you smile. Let’s play!

Because we love this infographic/poster/board game from Esker so much, we wanted to present it to you. It drills the e-invoicing compliance and decision making process down to a board game. All credits to Esker and the creative director of this neat little project! Check it out underneath or download the PDF, and give it a go.

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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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