Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

Indonesia introduces VAT steered e-invoicing system. Mandatory in July 2016

November 10, 2014  |  Asia, Compliance, Electronic Invoicing, Featured Articles, Government  |  Comments Off

Taxand Indonesia mentioned in a post that Indonesia has introduced a new VAT biased electronic invoicing system. This new system will be implemented in 3 stages. For the first phase, the Directorate General of Taxes (DGT) has identified 45 companies which will be required to issue electronic VAT invoices. These are mostly foreign investment companies, state-owned enterprises and publicly-listed companies.

Read More
Study confirms: EU lost EUR 177 billion in VAT Gap. E-invoicing could save the day

Study confirms: EU lost EUR 177 billion in VAT Gap. E-invoicing could save the day

October 27, 2014  |  Electronic Invoicing, Europe, Featured Articles  |  Comments Off

An estimated €177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equals to a massive 16% of total expected VAT revenue of 26 Member States! The EU believes that tackling the VAT Gap requies a multi-facetted approach, and that e-invoicing should somehow be one of these measures.
However if, e-invoicing in Europe remains as liberalised as it is today, the VAT gap will surely not decrease. Perhaps the EU could take a look at the Latin American approach, and its stunning results….

Read More

Exchange Summit: Addressing the e-invoicing toxic mix?

October 14, 2014  |  Electronic Invoicing, Europe, Featured Articles, Latin America  |  Comments Off

Unfortunately we were not able to visit this years Exchange Summit in Barcelona. However Ellen Leith of APN Today was present and she wrote an interesting background article, called: "Avoiding the e-invoicing toxic mix". In it she points out some interesting points. I added some additional remarks.
The discussion shows that the diffusion of e-invoicing is a matter of time and that different continents have different approaches. It seems that the LATAM approach is proving the most succesful for now, whereas the EU still has to find its bearing. However, regardless of legislation and (lack of) standards, businesses have to and can rely on e-invoicing service providers from years on end to help them achieve their goals.

Read More

Introducing Taulia: turning every e-invoice into a revenue opportunity

We are delighted to introduce Taulia to the E-invoicing Platform audience. Taulia provides cloud-based invoice, payment and dynamic discounting management solutions. Taulia revolutionizes the way businesses interact and partner with each other, by turning every invoice into a revenue opportunity. And this enables organisations to strengthen supplier relationships while adding millions to the bottom line. Taulia’s proposition is acknowledged by the fact that the Royal Bank of Scotland (RBS) has partnered with Taulia to be one of the first banks to offer its corporate clients dynamic discounting with e-Invoicing.

Read More

Introducing: First B2B, Limitless Electronic Document Exchange

October 3, 2014  |  Digitalisation, Electronic Invoicing, Featured Articles, Invoice Automation  |  Comments Off

Without question, the EDI market is awash with jargon and often unnecessary complexities that confuse and concern business managers. For this reason, they pride themselves on making the transition to electronic trading as simple as possible. They achieve this by providing their clients with access to our robust, flexible and proven solutions delivered via SAAS (software as a service) technology.

Read More

Global B2B provider Wesupply joins the E-invoicing Platform

September 10, 2014  |  Digitalisation, Electronic Invoicing, Featured Articles  |  Comments Off

We are proud that Wesupply has joined the E-invoicing Platform. Founded in 1999, Wesupply is a B2B service provider that enables global supply chains to exchange data efficiently and effectively. Wesupply provides a fully managed, outsourced B2B integration service, using a unique approach that maximises supply chain collaboration between independent organisations.

Read More

Charles Bryant: bridging the cultural e-invoicing gap between EU and LATAM?

September 8, 2014  |  Adoption, Compliance, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

On the Tungsten Blog, Charles Bryant posted an interesting article about the way e-invoicing is excuted in Mexico. As the title suggests, Charles Bryant carefully explores whether Europe should follow this approach.
All in all it is intriguing to ask whether the current path of EU liberalised e-invoicing (without B2B mandates) should perhaps be flipped for a path where mandated e-invoicing and fiscal efficiency go hand in hand.

Read More
Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

Pay-to-pay: Canadians pay more than $500M in fees a year for paper bills, statements

August 28, 2014  |  Adoption, Featured Articles, North America, Payment, Research  |  Comments Off

PIAC estimated the total is "conservatively" between $495 million and $734 million, plus taxes. Some $102 million in fees are being paid by low-income Canadians and seniors who don't have Internet access at home or don't use computers!
PIAC was pleased when the federal government pledged to ban the practice of charging for paper bills, first in its throne speech last October and then again this February in releasing its budget.

Read More

2.4 billion e-invoices sent in Mexico in the first half of 2014. Up 250%

August 26, 2014  |  Adoption, Electronic Invoicing, Featured Articles, Government, Latin America  |  Comments Off

In Mexico, taxpayers earning less than 500,000 pesos in 2012 had until March 31 of this year to migrate to electronic invoicing, while the rest of Mexico's taxpayers had until January 1 to do so.
As a result a staggering amount of 2.4 billion (2,400 million!!) electronic invoices were sent in Mexico in the first half year of 2014 alone. This very impressive compared to only 119 million e-invoices exchange during the entire 2011, according to the Mexican Tax Authority SAT.

Read More
The second European Multi-Stakeholder E-invoicing Forum is a fact!

The second European Multi-Stakeholder E-invoicing Forum is a fact!

August 25, 2014  |  Adoption, Electronic Invoicing, Europe, Featured Articles  |  Comments Off

In 2010 the European Commission decide to set up the European Multi-Stakeholder Forum on Electronic Invoicing. The mandate for that forum was applicable until the end of 2013.
The Commission decided some two months ago there should be a second European e-invoicing forum building on the achievements of the first forum, previous activities, existing work and solutions.

Read More