Archive for Legal
It (1) lays down conditions for mutual recognition of electronic identification, (2) sets rules for trust services, in particular for electronic transactions, (3) creates a legal framework for electronic signatures, seals and time stamps, electronic documents and (4) deals with electronic registered delivery services and certificate services for website authentication.Read More
Circular 18/E of June 24, 2014 contains important clarifications and some simplifications to the electronic invoicing procedure. In particular, the Italian Revenue Agency has defined the concept of “business control” for the first time: a system to guarantee the main requirements of the authenticity, integrity and legibility of an electronic invoice.Read More
On May 26, 2014 European directive on electronic invoicing in e-procurement came into force. The new directive makes it mandatory for public authorities to receive and process electronic invoices in public procurement.
This guide is intended to provide a sound basis for the measures necessary to implement the Directive. It is a comprehensive compendium on the use of electronic invoicing in public procurement.
On 13 June 2014 new Spanish legislation came into force. Under the Act, the paper should be the default option for all consumers' bills. Switching to e-billing requires express consent. Any consumer freely revoke its consent and re-receive paper bills. And companies can't charge for paper bills. To activate this legislation a nation wide new initiative was launched, called 'Yo Decido Como Recibo': I decide how I receive. All in all, ground breaking.Read More
In my opinion, the Directive fails to address key issues, without which it will be impossible to achieve real financial and environmental gains for Europe and the business community that serves it.
Whilst I would always welcome all efforts to encourage the use of e-invoicing, in my view this Directive just scratches the surface and leaves many unanswered questions. My fear is that it will actually serve to delay the full economic benefits of e-invoicing, which would make €2.3 billion look like small change.
In 2013 the European Late Payment Directive came into effect. It allows EU companies to maximise their payments period to 30 days. Only with mutual consent can contracting parties increase the payment period to a maximum of 60 days.
Sounds nice. But in the B2B and B2SME sectors the Late Payments Directive seems to be all bark and no bite. What is going here?
In July 2014, after a decade of using electronic invoicing in Mexico, AMEXIPAC will host the First International Tax and Invoice Forum, where European and Latin American service providers, together with companies related to the field will be invited.
The announcement comes shortly before news came out that the number of issuers of electronic bills increased by 250 percent in the first two months of the year compared with the total of 2013. This is the result of the Mexican mandate that taxpayers with annual incomes up to 500 thousand pesos have to use e-invoices.
About the the First International Tax and Invoice Forum
With the use of electronic invoicing countries have seen remarkable advances in greater efficiency in the collection of taxes and auditing tasks. For taxpayers, it has resulted in safety benefits for their business transactions, administrative efficiency and significant savings by reducing human intervention in the process of payments to suppliers and delivery to customers.
This high-level meeting will be open to the exchange of ideas on best practices, experiences and opportunities of developing models that link technology to the management of electronic tax receipts. It is expected to have the assistance of representatives from nearly 50 countries and about 100 Mexican class companies, users of electronic invoicing.
Javier Vega Flores AMEXIPAC´s President:
“After 10 years’ experience of electronic invoicing, Mexico has managed to position itself as one of the most important cases of global success. We are pleased to invite colleagues from around the world to promote dialogue and feedback that will allow us to learn from the experiences of others, and share our progress.”
Shortly after the UK announced the new rules on einvoicing, the Belgian VAT authorities issued Circular Letter 14/2014 of April 4, 2014. And it won't come as a surprise that this new einvoicing rules neatly follow the EU Directive. So, the letter provides comments regarding the conditions of e-invoicing and guidelines regarding the implementation of e-invoicing and archiving.Read More
EESPA was featured in the latest edition of the prominent 'Parliament Magazine' on the model interoperability agreement. Alongside an interesting two-pager on how the the EU directive on electronic invoicing in public procurement come in to existence. The article unveils that the most difficult part of the negotiations with the council was agreeing on the time period available to contracting authorities and entities before the standard is made mandatory. Definitely worth reading.Read More
Philips’ global architecture and IT department is dedicated to providing innovation and support services to various business units throughout Brazil. However, the technology landscape was already showing signs of obsolescence and creating a support burden as the more than 140 legacy systems required extensive labor just to perform ongoing annual maintenance.
Add to this another required upgrade of the current on-premise SAP GRC Nota Fiscal and it explains why it select the SaaS-based solution of Invoiceware, replacing legacy on-premise Nota Fiscal software and reducing annual maintenance costs by 80% while increasing productivity within the electronic invoicing operation by 25%