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Archive for Asia

Singapore to launch nationwide e-invoicing framework for businesses

March 7, 2018  |  Asia, Electronic Invoicing, Government

Singapore is working with relevant stakeholders to explore various e-invoicing standards and a common framework for businesses to adopt here. The IMDA will announce more details later in the year.

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Foriba completed its second, USD 5mln round of investments with IFC leadership

Foriba currently serves more than 5,000 customers and manages 60% of all e-Invoices in Turkey. Growing steadily every year since the first investment from Revo Capital, Foriba aims to obtain new investments in the future, and also to make its own investments as a company

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Foriba to make new expansions to Europe, Latin America, Asia Pacific and Central Asia.

February 6, 2018  |  Asia, Europe, Latin America

Whether the country has regulatory obligations or not, if a client in any country, uses the Foriba common platform, they would be in compliance with invoicing and audit format of the country that they are in service.

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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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