TrustWeaver releases 9th edition of its white paper on global e-invoicing and e-archiving compliance

The white paper features a summary of the regulatory status in some 90 countries, as well as an in-depth analysis of the ways tax authorities around the world use e-invoices to increase collection rates.

The white paper outlines in detail the global trend towards real-time tax ‘clearance’ of invoices and how this impacts businesses in their day-to-day operations and business-to-business transaction automation strategies.

Such ‘clearance’ methods are particularly popular in emerging economies, but their vast contribution to closing the so-called ‘value-added-tax gap’ (or ‘VAT gap’ – a percentage that expresses which portion of VAT that should be collected ends up not being collected in a country) is motivating a growing number of countries in Europe and other regions to adopt similar approaches.

Since the last edition of the white paper, this mega-trend towards compulsory transaction-oriented integration of e-business systems with public authorities has accelerated significantly. TrustWeaver’s experts predict that this structural change to the way businesses exchange data about sales and purchases with each other will have a measurable impact on trade and commerce globally.

Against this backdrop of an ongoing revolution towards real-time tax controls, TrustWeaver’s team provide helpful practical advice that international enterprises can use to develop a strategy that can convert this challenge into a competitive opportunity. TrustWeaver also notes that these trends in e-government are compounded by the rapid introduction of cloud-based e-business networks, whose standardised procurement and sales processes cannot easily be customised to meet the individual compliance needs of their millions of connected enterprises. TrustWeaver says that such e-business vendors will increasingly be expected to make compliance an integral part of their service offerings.

The White Paper can be downloaded directly from TrustWeaver’s website here: https://www.trustweaver.com/white-paper/


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