Archive for Compliance
For the Mexcican SME taxpayers making electronic invoicing mandatory is somewhat of a radical cultural change en for some of them, a bit awkward, according to the Mexican Association Authorized Certification Providers (Amexipac).
The organization representing Authorized Certification Providers (PAC), said that for some of these taxpayers it is more comfortable to remain outside the technological evolution, even though it is inevitable in tax matters.
Cegedim and CIC have announced that CIC’s electronic signature technology, powering Cegedim’s MAEA software suite, is now available for full commercial production.
Cegedim and CIC currently deliver this cutting-edge and cost-effective solution in pilots in two major industrial sectors. In these solutions, CIC technology is handling e-signatures to place and approve electronic orders and invoices, as well as to approve payments.
Ecuador is joining the Latin American Community mandatory e-invoicing compliance. Ecuadorian Resolution NAC- DGERCGC13 – 00236 for mandatory integration of Electronic Invoicing or Factura Electrónica affects several transaction documents (and therefore also industries): Invoices, Tax Withholding Receipts, Bills of Lading (Remisión), Credit Notes and Debit Notes. The mandate is required only for transactions that support tax credit of Value Added Tax. There are four deadlines currently in place for different Taxable entities in Ecuador.
Read MoreAs of June 6 2014, electronic invoicing will be mandatory for Italian ministries, the Tax Agency and state security bodies, as well as their suppliers. Other public agencies and their suppliers will have to join nine months later. So, the rollout of electronic invoicing in the Italian Public Sector will be completed by 31 March 2015. The initial deadline for switchover completion was 6 June 2015, one year after the first stage was started up. However, the Decree-Law issued on 24 April in the Official Gazette brought this period forward two months.
Read MoreBecause we love this infographic/poster/board game from Esker so much, we wanted to present it to you. It drills the e-invoicing compliance and decision making process down to a board game. All credits to Esker and the creative director of this neat little project! Check it out underneath or download the PDF, and give it a go.
Read MoreThe UK Revenues and Customs office has officially published the revises rules on electronic invoicing. This new notice cancels and replaces Notice 700/63 that stems from 7 years ago: June 2007.
The new notice has been updated to reflect the European changes in invoicing regulations of 2013. The new notice also contains revised content to reflect the technological advances since the previous version. However these changes remain technology neutral.
Portugal is a forerunner in taking measures to address tax evasion and fraud. These measures in Portugal include greater use of electronic invoicing, investment in technology and more tax agents, as well as small tax discounts on personal invoices, in force from last year. Electronic invoices rose 25 percent in January from a year earlier to around 365 million. But also a state lottery is part of the measures.
Read MoreBrazil is a leader in e-Invoicing with a government mandate and market accustomed to automated invoice technology. In addition to complying with the complexity of tax and e-Invoicing regulations, companies are looking to streamline their invoice processing.
The strategic alliance with Comprova enables OB10 to meet the demands of its customers, and deliver compliant e-Invoicing and straight-through processing to businesses operating in Brazil.
So, as of 1 April with the entry into force of Ministerial Decree nº 340/2013:
- the obligation of compliant electronic invoicing solutions extends to all businesses issuing electronic invoices.
- any company that do not use certified billing software, can be liable to penalties.
- all software developed in-house by companies will no longer be considered valid, even if it follows the XML file construction criteria with inclusion of the fields deemed mandatory by the tax authorities.
TIE Kinetix is the first cloud-based E-Commerce solution provider to be awarded ISO 27001:2013 certification for information security management. The certification confirms that all sensitive customer and partner information is secured and managed at the highest level.
The ISO 27001:2013 process was done by Lloyd’s Register Quality Assurance of Rotterdam, awarding TIE Kinetix with the only internationally recognized and most prestigious information security standard available.
