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.
Read MoreThe 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…
Read MoreEntering 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.
Read MoreAn 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.
Read MoreSmart 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.
Read MoreA 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.
Read MoreHong 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.
Read MoreNew 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.
Read MoreThe 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 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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