Archive for Asia

Nepal enforces guide on POS e-billing systems

January 18, 2018  |  Asia, Electronic Invoicing, Mandatory, Payment

The e-billing system connects the point of sale (POS) to the IRD’s computer over the internet, and each time a sale is made and a sales receipt is issued, the transaction is recorded in real time by the IRD.

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Turkey digitizes logistics, agriculture and professional service invoicing

January 7, 2018  |  Asia, Electronic Invoicing, Europe

Publicized in the Official Gazette #30273, the Communiqué unfortunately is on voluntary usage of  the much awaited e-dispatch note, farmer’s receipts and professional service receipts (i.e. medical doctors, lawyers, architects, etc.).

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Turkey: Transitions to e-Delivery note will be voluntarily

January 7, 2018  |  Asia, Digitalisation, Europe

According to the General Communiqué on Tax Procedure Law No. 487 issued by TRA, the transition to the e-Delivery note is not mandatory. However, due to the advantages offered, companies are expected to voluntarily transform to e-Delivery.

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Vietnamese firms wary of switch to e-invoices

Local businesses claim they don’t have the information technology resources to meet the proposed deadline of July 2018. That is why the GDT proposed to the Ministry of Finance that the deadline for the shift from paper invoices to e-invoices be done even in July 2019

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Turkish Revenue Department to mandate E-invoice Archiving

September 26, 2017  |  Asia, Compliance, Electronic Invoicing, Europe

The Turkish Revenue Department (G?B) has published a draft communiqué related to e-Archive Invoice application, and it is expected to become compulsory.

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Vietmase companies are concerned about mandatory e-invoicing in 2018

September 14, 2017  |  Asia, Compliance, Electronic Invoicing

The Ministry of Finance is drafting a circular with paper bills being replaced by e-invoices from the start of 2018. However both domestic and international companies fear that the shift comes to soon.

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CloudTrade partners with Valtatech, extending APAC presence

September 5, 2017  |  Asia, Australia, Cooperation, Electronic Invoicing

CloudTrade’s partnership with Valtatech will strengthen the business’s presence in the Australian, Asian and Pacific markets, enabling businesses of all sizes to adopt CloudTrade’s unique e-invoicing solution.

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Real-time tax controls for Russian +6bln B2C transactions with a Certified Cash Desk

September 1, 2017  |  Asia, Compliance, Electronic Invoicing, Government

Businesses across Russia have supported the transition to IoT-based real-time tax controls, emphasising the reduction of administrative barriers and the creation of a trustful retail environment.

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China introduces blockchain to increase tax revenues and e-invoicing efficiency

China introduces blockchain to increase tax revenues and e-invoicing efficiency

Recently, the Chinese government announced that it will utilize blockchain technology for social taxation, increased tax revenue and electronic invoicing. The blockchain network is currently in development  and will be fully operational in October of this year. The name of this blockchain will most likely be GACHAIN: Government Affairs BlockCHAIN

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Turkey expected to mandate healthcare sector to switch to e-invoicing

August 8, 2017  |  Asia, Compliance, Electronic Invoicing, Europe

More than 60 thousand taxpayers shall be obligated to complete their applications until December 31, 2017 and switch to e-Invoice as of January 1, 2018.

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