Archive for Asia

Taiwanese operator Chunghwa wins USD 20 million e-invoicing contract!

January 12, 2017  |  Asia, Electronic Invoicing, Government

Telecompaper and StreetInsider both reported that Taiwanese operator Chunghwa Telecom has won a bid for the ‘Leaping Project of e-Invoice’ from the country’s Fiscal Information Agency within the Ministry of Finance. The contract is worth around TWD 621 million (tax included) for the 2017 – 2020 period.  That is similar to USD 20 million.

Turkey postpones mandatory e-invoicing until 1 July 2017

January 11, 2017  |  Asia, Compliance, Electronic Invoicing

Until July 2017, taxpayers which exceed certain sale volumes, as well as those who import, export, or sell certain commodities. can continue to chose to issue either paper or e-Archive e-invoices

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e-Transformation in Turkey by figures

Approximately 14 million e-Invoices are issued on a monthly basis and digitalized among only the taxpayers within e-Invoice system.

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Turkey: introducing the e-Delivery Note to combat the grey economy

December 9, 2016  |  Adoption, Asia, Compliance, Digitalisation

The commencement date for the implementation of electronic delivery note planned by the Turkish Revenue Administration to combat the grey-economy is 1st of January 2017.

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Turkey: “Export invoices shall be treated and issued as an e-invoice”

In addition to current basic and commercial invoice scenarios existing in today’s legal e-invoicing compliance framework in Turkey, there will also be an export scenario arriving soon.

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>3 million e-invoices were processed in Kazakhstan in the first half of 2016

October 14, 2016  |  Asia, Electronic Invoicing, Europe

The Kazakh State Revenue Committee stated that 116k e-invoices were issued in 2014, 800k in 2015, and more than 3 million e-invoices mid 2016. In 2017 more companies are compelled to start with e-invoicing.

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e-Invoicing and e-Archive Invoicing in Turkey, an update

September 6, 2016  |  Asia, Compliance, Electronic Invoicing, Europe

e-Invoice system is a structure that circulates only among the registered users. The invoice recipient is required to be on the list of registered users of Revenue Administration (GIB) in order to be able to perform e-Invoice transmission.

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Saudi Arabia mandates B2B e-invoicing, as an respond to lower oil prices

August 16, 2016  |  Asia, Compliance, Electronic Invoicing

The mandate will be gradually enforced and comes ahead of the introduction of new taxes over the next two years. The new taxation initiatives are part of the Saudi government's aim to diversify its revenue streams while oil prices remain low.

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FIT Solutions announces its Supply Chain Finance Service in the Turkish finance sector

e-Finance is a FIT Solutions Supplier Financing Platform which steps in the situations where the corporations are required to collect their receivables earlier in order to make their payments regularly and on time.

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Indonesia: mandatory E-invoicing for ALL taxable enterprises as from 1 July 2016

Indonesia: mandatory E-invoicing for ALL taxable enterprises as from 1 July 2016

Since July 2015, the Directorate General of Taxes have been mandating enterprises in the Java and Bali region to use e-invoicing. In addition, it has since then also pointed out to all buyers of goods and services who receive tax invoices, to ensure that the received tax invoice received is an e-invoice (or and e-bill, from the consumer’s perspective).

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