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Archive for Compliance

4 reasons why e-invoicing mandates are good for businesses too!

October 16, 2014  |  Adoption, Compliance, Electronic Invoicing

When it comes to having a favorable business environment, few would associate more regulations as being the answer. However Scott Lewin (President & CEO) and Steve Sprague (VP Product Strategy) of Invoiceware International beg to differ. From their perspective and experience e-invoicing mandates are actually a great development that businesses will soon learn to appreciate for at least four reasons.

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Swiss federal administration mandates B2G e-invoicing

The Swiss Federal Council decided that as from 1 January 2016, suppliers have to submit electronic invoices to the federal administration if the contract value exceeds 5,000 Swiss francs. With this scheme, the concerns of SMEs is considered to exempt small procurements from the requirement. The federal administration will support their suppliers in the implementation phase.

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480 Percent growth for Invoiceware International, processing 83 billion USD in transactions

As more companies realize the profound implications of Latin American mandates and look for a regional partner, Invoiceware International continues to expand the largest Latin American Business Network with more than 70,000 businesses in the region transacting over 83 billion USD annually.

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EDICOM, first PAC to be CFDI authorised by SAT

Edicom states that it is the first PAC in Mexico authorized by the SAT. Their electronic invoicing solutions are designed to meet all legal requirements, while enabling users to take full advantage of the CFDI. In addition, EDICOM is endorsed by certificates such as ISO, SOX and NOM151 (electronic notary).

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Peru aims for full mandatory e-invoicing by 2017

September 30, 2014  |  Compliance, Electronic Invoicing, Latin America

Some 250 of the largest Peruvian companies were obligated to implement an e-invoicing system as of 1 October 2014. Peru's aim is that 100% of its taxpayers should be using e-billing by 2017. It is estimated that there are currently more than 7400 Peruvian businesses are already using electronic invoicing.

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Macedonia allows for e-invoicing in 2015. Not compliant with EU Directive

September 30, 2014  |  Adoption, Compliance, Electronic Invoicing, Europe

Macedonian VAT laws have undergone a number of revisions in 2014. Published in the Official Gazette no. 130/2014 and effective as of 11 September 2014, the new Law on VAT makes VAT registration mandatory for companies with a turnover starting from USD 20,000. Also the new laws allows for e-invoicing as from March 2015. Albeit not in compliance with EU provisions on electronic invoicing.

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First Spanish Provincial Authority to be fully adapted to Facturae

It is estimated that with Facturae they would have saved roughly 40,000 Euro. For this reason, the provincial agency is promoting several information sessions for businesses and local authorities, to help promote electronic invoicing, even before the compulsory start-up scheduled for January 15, 2015.

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SEEBURGER B2B Cloud Services receives highly regarded seal of approval

This seal confirms SEEBURGER Cloud Services use ISO27001 certified Germany-based data centers that adhere to Germany’s well-known data security laws covered by the Federal Data Protection Act (BDSG), which are observed and documented in customer contracts.

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Invoiceware launches necessary eContabilidad reporting tool

September 25, 2014  |  Accounting, Compliance, Government, Latin America

By mandating the use of electronic invoices in 2013, Mexico's audit capability continues to evolve as the tax authority in the world that has insight into each invoice exchanged within the country. Additionally, the SAT now has the ability to audit tax payment accuracy and evasion in real-time with electronic accounting reports. And Invoiceware International has the tools to support all of this!

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eFinans acquires e-archive license, first step in Turkish B2C e-invoices

eFinans acquires e-archive license, first step in Turkish B2C e-invoices

September 24, 2014  |  Asia, Compliance, Electronic Invoicing, Legal

eFinans has recently acquired its license to become one of the few Turkish e-Archive solution providers. The e-Archive system facilitates the forming, safekeeping, legal presentation and reporting of all B2C and B2B invoices in electronic format.
The system is mandatory as of 1 January 2016 for firms making online sales in Turkey which have a gross sales of-over- 5 million Turkish Lire (1,745 million Euro / 2,234 million US Dollar) in 2014.

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