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Archive for Compliance

Invoiceware expands Latin America compliance to Ecuador and Uruguay

Ecuador and Uruguay now included on leading Latin America Business Network, enhancing compliance service offerings for companies operating throughout Central and South America

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Beyond Compliance: Sun Chemical and Electronic Invoicing in Latin America

This case Study will focus on some of the issues surrounding mandated electronic invoicing in context of Latin America, drawing on the experience and insights provided by Sun Chemical.

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Coca-Cola expands partnership with Invoiceware for E-invoicing in Ecuador

Ecuador is the latest country in Latin America to introduce mandatory electronic invoicing. Joining Argentina, Brazil, Chile and Mexico, many companies operating in Ecuador must have compliance systems and procedures in place effective January 1, 2015.

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E-invoicing adoption up 24% in 2014, another 50% in 2015

The Uruguay General Tax Directorate (DGI) calculates that the growth rate of e-invoicing in the country last year was around 24%. For 2015 the figure is expected to rise to 50%. These figures would make Uruguay one of the top 10 states in e-invoicing internationally.

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Hungary changes rules for tax invoicing

Tamas Vekasi from Ernst & Young mentioned in this post that the Hungarian Minister for the National Economy published a decree changing the rules for tax invoices and cash receipts and the rules related to tax authority audits of invoices stored in electronic format, with a widespread effect on enterprises.

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UK Government criticised for SME payment delays

Research revealed that in 30% of the cases UK government contractors had taken longer than the 30-day legal limit to pay balances due. The research also showed that e-invoices, often used by larger UK suppliers, showed skewed data to create a higher level of prompt payments.

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Mexico eContabilidad SAT updates focus on Corporations in 2015

The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While the go-live date has transitioned from January 25 to March 3rd, this doesn't mean you should delay your implementation. Watch this 20-minute overview to understand the key changes and how they will affect your company going forward.

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Switzerland starts with mandatory B2G e-invoicing as from 1 January 2016

Switzerland is the latest European country to announce the roll-out of e-invoicing. As of January 1, 2016, Suppliers to the Federal Administration holding contracts with a value equal to or greater than 5000 CHF will be obliged to use this new system.

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E-invoicing now also operational in Kazakhstan

December 2, 2014  |  Asia, Compliance, Electronic Invoicing

E-invoicing recently became operational in Kazakhstan (KZ). The relevant e-invoicing provisions of KZ Tax Code have been effective since 1 July 2014, and the e-invoicing legal framework has been completed with KZ Government’s decree on e-invoicing of 24 July 2014 (Decree). That is what Sergii Shcherbak wrote in this post on LinkedIN.

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What Europeans need to know about their Latin American operations

European e-invoicing is not the same as Latin American electronic invoicing, so how you evaluate solutions needs to change or your company will end up with forced operational shut downs, or worse, million Euro financial penalties. In this web session, learn the top 5 differences between Europe and Latin American countries: specifically Brazil, Mexico, Chile and Argentina.

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