No, you’re absolutely not misreading this article’s title. Jail time, people. Remember that Mexico’s Servicio de Administración Tributaria (SAT) considers non-compliance with the law a criminal offense. Also remember that e-invoicing is now mandatory in Mexico. So you’d better get your transition from CFD to CFDI going.
Read MoreDid you know that law departments can also get their hands on a Passport? Datacert’s patent-pending Passport system that is. Specialty insurance and reinsurance underwriter Catlin US has cut the knot by implementing Passport’s matter management and legal spend management applications.
Read MoreYou’d reckon that if a member of the European Union changed its e-invoicing legislation, it would do so according to the new EU VAT Directive. That way e-invoicing would be harmonised at an EU level, simplified and liberalised. But no, not Romania. They changed their legislation into something that doesn’t comply with EU stipulations.
Read MoreGo Red Devils! We hope that Belgian e-invoicing advances as majorly as their national football team. The recently approved draft proposal that aims to further simplify electronic invoicing and archiving for paper and electronic invoices puts us in an optimistic mood. The Belgians implement European Directive 2010/45/EU of 13 July 2010 with this new law.
Read MoreLast week a proposal for a Quick Reaction Mechanism (QRM) was adopted by the European Commission. The QRM allows Member States to respond more swiftly and efficiently to VAT fraud. Counteracting the fraud nearly immediately, while more permanent measures are being established.
Read MoreUN/CEFACT has validated a revision of Recommendation 14. It was originally drafted in 1979 and is in serious need of updating. Lance Thompson has been confirmed as chair for coordination of this revision work. Any experts in the field, who are interested in participating, please contact him a message via LinkedIn with your contact details.
Read MoreTo cut down on tax evasion, doctors, lawyers, accountants, engineers, dentists, and other professionals have to issue electronic invoices later this year. Especially these job types are addressed, because they show the highest rates of tax evasion. It is one of the measures announced by the Costa Rican president Laura Chinchilla (#nokidding).
Read MoreThe legal e-billing market is complicated business, according to both eBillingHub and Datacert. Law firms often struggle with the challenge of managing electronic invoice submissions across an ever-widening range of vendors. Enough reason for eBillingHub and Datacert to team up. The idea is to improve the e-billing experience for their joint law firm clients.
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 MoreSuppose you work in SAP. Suppose your business is in or with Brazil. And suppose you need to comply with Brazil’s SPED, Sistema Público de Escrituração Digital, legislation. What do you do? You turn to Invoiceware. Why? Well, they developed the “SAP SPED Rapid Deployment Template”. This simplifies SPED reporting and compliance in Brazil for SAP ERP end-users.
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