Archive for Legal
In their September 29 webinar, Invoiceware International discusses the legal requirements and fiscal complexities in Argentina, Chile and Uruguay Here’s a preview:Read More
The partnership allows TIE Kinetix to support its customers with legally compliant issuing, receiving, and storage of e-invoices in over 55 countries in Europe, Asia, Africa, and the Americas.Read More
Turkish firms who are obliged to use e-invoicing shall also issue (1) touristic tax-free invoices and (2) merchandise export invoices via the Turkish Revenue Authority's e-invoicing systems.Read More
The German Ministry of Internal Affairs (BMI) has drafted new legislation to transpose the EU Directive 2014/55/EU into German legislation. However, the new German draft regulation has an ambition that goes far beyond the EU Directive 2014/55/EU.
It shall for example affect all invoices, regardless of the amount. In addition it paves the way for the government to define further requirements, for instance mandating suppliers to send invoices just in electronic format. The latter however has net yet been drafted.
Due to complaints that online government approval of e-invoices slowed down shipments and supply chain processes, Ecuador revered its approval model – now providing a 24-hour buffer for companies to submit e-invoices. Here’s what companies operating in Ecuador need to know.Read More
LATAM fines and penalties can quickly add up. For example, a company that’s missing 10,000 invoices from its electronic archives in Brazil (which is not uncommon) could be facing fines of more than $1 million USDRead More
The website 'Herald Scotland' mentioned that an Scottish hairdressing firm says it is now believed an electronic invoice may have been used by cyberattacker extortionists in a hack of their system, which led them to pay a 1000 euro ransom.Read More
In the first quarter of this year, the Russian Federation Tax Service modified the xml structure of certain e-documents. On February 2, Russia rolled out some changes in the legal waybill. Soon afterwards, on 4 March, the modifications to the e-invoice message came into force....Read More
While Latin America is the current hotbed for such legislation, similar mandates are cropping up worldwide as countries prove the effectiveness of financial legislation in maximizing tax revenues.Read More
The new regulations stipulate that all taxpayers registered for Value Added Tax (VAT) must join the system no later than July 1, 2015. This also applies to a small group of individuals and companies, regardless of their assessment status.Read More