Public e-procurement laws in Uzbekistan updated

February 21, 2013  |  Asia, E-procurement, Government  |  Comments Off

Welcome to Uzbekistan, one of only two doubly landlocked countries in the world. And thanks to a joint UNDP project with the Ministry of Finance, Uzbekistan is now also a country with updated public e-procurement laws. The result? The process of supplying better quality goods to public entities has improved.

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E&Y asks you: Russian Electronic invoicing; is it time to act?

January 21, 2013  |  Asia, Electronic Invoicing, Legal  |  Comments Off

The ability to issue and receive VAT invoices in electronic format will likely bring a number of advantages to Russian VAT taxpayers, including improved cash flow and more efficient VAT compliance. At the same time, VAT taxpayers should addressed the Russian risks to minimize disruption to the business and the risk of errors and penalties. Just to be sure…

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Tieto enters Russian e-invoicing space

January 16, 2013  |  Asia, Electronic Invoicing, Europe  |  Comments Off

Entering Russia is now possible thanks to recent changes in Russian legislation in April of this year, when the Russian Ministry of Finance approved the latest necessary operational instructions for service providers. Removing the last remaining obstacle that prevented more efficient, cost-effective electronic accounting and invoicing.

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Azerbaijani Ministry of Taxes switches to e-invoice

December 18, 2012  |  Adoption, Asia, Electronic Invoicing, Government  |  Comments Off

An interesting fact about Azerbaijan: its Ministry of Taxes is preparing the country for the use of e-invoices. The Azerbaijan Press Agency (APA) reports that the ministry has already prepared a relevant draft decision on the form, application, and use of accounting rules of the e-invoice.

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Fundtech enters Asian-Pacific market with BCSIS teaming agreement

November 8, 2012  |  Asia, Financial software, Payment  |  Comments Off

Smart move, Fundtech, to team up with BCS Information Systems. BCSIS is a Singapore-based financial solution provider and the company will promote, implement and be a centre of excellence for Fundtech’s Global PAYplus in Asia-Pacific under the agreement.

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Indian SMEs are opening up to cloud technology

October 10, 2012  |  Adoption, Asia, Featured Articles  |  Comments Off

A survey conducted among 150 Indian (SMEs) shows that one-fifth of the respondents do not use any kind of information and communication technology tools. It’s fairly safe to claim that Indian SMEs are quite reluctant to embrace technology. Ariba deserves a thumbs up then, because the company is now not only working with larger companies like Benetton India, but with SMEs as well.

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US$2.8 million for development of Hong Kong e-billing system

September 12, 2012  |  Asia, Electronic Invoicing, Featured Articles, Government  |  Comments Off

Hong Kongers aren’t afraid of doing things the electronic way. At the end of 2011, for example, there were 7.6 million individual e-banking accounts and 660.000 business e-banking accounts. These numbers must have won over the Hong Kong Monetary Authority (HKMA), because they will launch an electronic bill presentment and payment system in the second half of 2013.

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Guidelines on E-invoicing execution in Russia

August 21, 2012  |  Asia, Electronic Invoicing, Legal  |  Comments Off

New regulations make it possible to start with e-invoicing in Russia. Compared to other areas the Russian e-invoicing approach looks a lot like the Latin American approach. With a big difference: e-invoicing is not mandatory. And from that perspective e-invoicing in Russia is similar to the European E-invoicing before 2006: a lot of (technical) requirements and no mandated e-invoicing adoption.

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Philippines requires all online sellers to issue registered e-invoices

August 2, 2012  |  Asia, Electronic Invoicing, Featured Articles  |  Comments Off

The Philippine Bureau of Internal Revenue (BIR) plans to require all online sellers to issue electronic receipts or invoices before the end of this year. Under the rules, online sellers must be registered with the BIR. Also their electronic invoices shall likewise be registered either directly to the BIR or to a third-party accredited by the BIR.

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Nomura sets out for next-generation e-invoicing with OB10

Nomura sets out for next-generation e-invoicing with OB10

June 27, 2012  |  Asia, Electronic Invoicing, Europe, Invoice Automation  |  Comments Off

Nomura is a major global financial services group and one of the biggest Asian-based investment banks. Nomura has individual, institutional, corporate and government clients in over 30 countries. Nomura employs over 27,000 staff worldwide.

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