Formpipe has received an order from the Danish Business Authority for the development and maintenance of a payment module. The order is valued at approximately € 600.000 and it will ensure the Danish Business Authority’s customers a fast and cost efficient access to company data through credit card payments. The payment module supports the authority’s ambitions towards increased digitization and self-service.
Read MoreThe Secretaría de Fazenda has published technical note NT2013.005. It announces the rollout of version 3 of the Nota Fiscal Electronica (NF-e) digital invoice in Brazil. This version changes the structure of the XML file, the validation process and webservice communications with the Public Administration.
In its technical note, the Secretaría de Fazenda has also set the dates for the implementation of NF-e version 3. On 02/12/2013 a test framework will be started-up. On 10/03/2014 the Production framework (coexisting with version NF-e version 2) will be live. And in December 2014 the coexistence period comes to an end, and usage of NF-e version 3 becomes mandatory.
OpenPEPPOL has published their opinion on the proposal for a Directive on electronic invoicing in public procurement. In essence OpenPEPPOL welcomes the European Commission’s proposal for a Directive on electronic invoicing in public procurement1, and the focus on shifting towards a paperless public administration, particularly its crossborder dimension.
However, OpenPEPPOL also have suggestions and recommendations regarding this directive. We’ve made a summary from their 12 page opinion paper.
A study by the Belgian Agency for Administrative Simplification states that ten percent of all Belgian businesses uses electronic billing. Represents “only” 107 million e-bills out of the billion sent each year in Belgium. For the Federal budget minister Olivier Chastel, that number is still “far too small.”
To accelerate the adoption of ebilling, the minister brought nine interprofessional organizations together to let them promise to promote electronic billing to their members. Organisations included are Voka, the Neutral Independents Union (SNI) and Federation of Belgian Businesses (FEB). The objective is to increase the adoption of “e-billing” by 25% between now and the end of the legislative session.
Billing processes in Brazil are subject to compliance with certain tax obligations involving the declaration of trading transactions to the Brazilian tax authorities. The Brazilian tax system is largely based on the application of charges that vary in line with the movement of goods by companies throughout the Brazilian territories.
To give an overview of what is required in Brazil, EDICOM has delivered an Expert Analysis of Electronic Invoicing and transport documents in Brazil (mandatory as from December): DOWNLOAD THE ANALYSIS (ENGLISH), DOWNLOAD THE ANALYSIS (PORTUGUESE), DOWNLOAD THE ANALYSIS (SPANISH)
EDICOM wrote in a post that on July 16th, the Official Gazette of the Courts published the Bill on the promotion of electronic invoicing and creation of the accounting record for invoices in the Public Sector. According to the Spanish government the roll-out of electronic billing saves 51 million Euro every year. It would also save 2.3 million paper sheets.
Under the new law, suppliers must submit and transact their receipts electronically via a general entry point for electronic invoices to be used by all Administrations.
Over the past six months, Russia has experienced a significant increase in the number of companies that are beginning to exchange electronic documents. Today, more than 250,000 companies have expressed a desire to exchange electronic documents in a so-called FTS newsletter. In May, the figure was 105,000.
This trend is explained by the active involvement of contracting companies that have launched pilot projects at the time of the legalization of electronic invoices in May 2012.
Migrate is already present in Brazil and Uruguay. The company launched its Invoicy solution in Uruguay in October 2012 and believes it has 20% of the market with some 1,500 licenses. Migrate has been operating for eight years in the Brazilian market, which has had e-billing regulations in place for 10 years, and has 6,000 clients.
Uruguay approved e-billing law 18,600 in 2009 and published the decree for it to enter into operation in 2012. Non-official estimates forecast there will be 12,000 e-billing users in 2014 and 120,000 in 2015. The executive said that Migrate will target the SME market given that it can offer its software in a SaaS format, which means companies can use it on an on-demand basis.
Only invoices bearing an electronic stamp from a PAC are legally valid for tax purposes, so your choice of an Authorized Certification Provider is a critical question that should be carefully analysed. Here we give you four mistakes you must not make when choosing your PAC: Not to demand an SLA that guarantees service availability, No adding added value CFDI-issuing to your platform, Failing to check security in communications, Delaying the decision to migrate to CFDI.
Read MoreThere probably is no such thing as coincidence. First, the European Commission published a report estimating €193 billion in VAT revenues (1.5% of GDP) were lost due to non-compliance or non-collection in 2011. Second, A.T. Kearney in association with Visa and Dr. Friedrich Schneider published there yearly report called “The Shadow Economy in Europe“, which looks at the “legal business activities that are performed outside the reach of government authorities.”
Together both reports state that electronic invoicing could help governments to contain tax evasion and the shadow economy. Is that so?. let’s take a thorough look at that.
