Archive for Europe

E-Invoicing Standard EN-16931 Launch Event

The event is to celebrate the official publication of the standard and to provide a platform for the public and private sector to exchange views and expertise with regard to approaches for the implementation

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New TrustWeaver service unlocks savings in French invoice scanning processes

October 2, 2017  |  Compliance, Europe, Invoice Automation

Up until March 2017, it wasn’t illegal for French businesses to scan paper invoices from suppliers. However, with the entry into force of a new secondary law, there are now clear conditions and processes to digitise paper invoices.

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Europe achieves 75 per cent interoperability

October 2, 2017  |  Europe, Interoperability

The report also studied the implementation of national interoperability frameworks. Spain leads the way (100%) with the National Interoperability Scheme. Next up are Denmark (88%), The Netherlands (87%) and Luxembourg (85%).

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The 4th EESPA annual survey results are in: >1,6 billion B2B/B2G/B2C e-invoices processed!

The 4th EESPA annual survey results are in: >1,6 billion B2B/B2G/B2C e-invoices processed!

1 615 million electronic invoices were processed and delivered in 2016 by members of the European E-Invoicing Service Providers Association (EESPA). This represented a significant growth of 29 per cent over 2015 volumes of 1 252 million. This year for the first time EESPA asked the question ‘what is the average value of an invoice processed by your firm?’. The figure derived from the relative limited range of responses was EUR 5868. On this basis, the total value of the reported invoices processed was EUR 9 477 billion.

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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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Govein initiative calls for third e-Invoicing project in the health sector

September 22, 2017  |  Adoption, Electronic Invoicing, Europe

Two approved projects started up in 2016 and the first one is already in its final phase. For the public bodies taking part, the implementations are practically ready to go live in October.

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White paper “European e-invoicing – Current landscape, benefits and challenges”

September 18, 2017  |  Adoption, Electronic Invoicing, Europe, Publications

Given the variation in local standards, infrastructure and regulations from one European country to the next, implementing a single solution for European e-invoicing is a challenge for most multinationals.

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Italy to launch CIUS-IT: the first CIUS based on e-invoice standard EN-16931 [UPDATE]

It will be interesting to see which countries will also implement EN-16931 together with a CIUS and how it will differ from this and other CIUS-es.  And that raises an other question: does your financial software allow for country specific invoice templates based on UBL? Is it CIUS-ready? This could become a big uh-oh for the successful adoption of e-invoicing in Europe.

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Turkey moves to enlarge e-bill and digitize logistics, agriculture and professional service invoicing

August 28, 2017  |  Compliance, Europe, Government, Standards

The Turkish Revenue Authority (“TRA”) has published on 25/08/2017 not one, but two draft communiqués on more digitization.

The first draft consists of bringing a change in the obligatory use of the Turkish e-bill project (“e-arsiv”). The current legislation obligates taxpayers that have made any amount of sales over e-commerce and surpasses the total annual gross turnover level of 5 million TRY. As of 25/08/2017, 8261 taxpayers are issuing e-bills to receivers which fall outside the e-invoice obligation area. The e-bill users are also obligated to use e-invoice. Among other procedures designed to legislate e-commerce in general, the drafted Communiqué’s Article 5 suggests to amend the gross turnover level down to 1 million TRY. This is sure to encompass a larger obligatory population as it translates to any taxpayer making even 0.01 TRY e-commerce sale will have to issue all its invoices either on e-bill. Taking into account to growth in local e-commerce sales the Turkish public in general will be getting less and less paper invoices or bills. Peculiarly taxpayers with a turnover between 1 to 5 million TRY will not be jointly obligated to use e-invoicing, unlike those with a turnover of and above 5 million TRY.

The second and maybe the more important communiqué draft aims to digitize new fields;

  1. The much awaited e-dispatch note,
  2. farmer’s receipts and
  3. professional service receipts (i.e. medical doctors, lawyers, architects, etc.)

with a target obligation date of 01/07/2018.

e-Dispatch note

The system will be available very much like the TRA’s current methods of e-invoicing. Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal.

(eFinans is currently ready with its webservice guides and offers test and development environments for e-dispatch note. As all e-invoice users are obliged to received e-dispatch notes for any incoming parcels. It has started coaching its 130+ software partners to develop their connecting software to serve their clients’ needs on eFinans’s development environment. For more information please consult international@efinans.com.tr )

Farmer’s Receipt

The system is currently relatively unclear compared to e-Dispatch note. Proposedly it will run one-way much like the Turkish e-bill “e-arsiv” does. Obligated taxpayers will keep their copy of the farmer’s receipt digitized while continuing to issue in paper format to farmers.

Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal. Technically it is already known from experiences in e-arsiv that the direct integration is largely undesired by taxpayers due to high costs and relatively difficult IT audit requirements involved.

(eFinans is currently expecting technical XML samples and shall be ready shortly after TRA announces these technical details, with its webservice guides and offers test and development environments. For more information please consult international@efinans.com.tr )

Professional Service Receipts

The system is currently relatively unclear compared to e-Dispatch note. Proposedly it will run one-way much like the Turkish e-bill “e-arsiv” does. Obligated taxpayers will keep their copy of the receipt digitized while continuing to issue in paper format to service receivers. However, unlike the farmer’s receipt, the receiver here will receive the paper receipt upon request. This signifies an operating procedure much akin to the current Turkish e-bill process.

Taxpayers will use the system either through licensed e-invoice providers or direct integration to TRA via systems on-premise or the proposed limited TRA webportal. Technically it is already known from experiences in e-arsiv that the direct integration is largely undesired by taxpayers due to high costs and relatively difficult IT audit requirements involved.

(eFinans is currently expecting technical XML samples and shall be ready shortly after TRA announces these technical details, with its webservice guides and offers test and development environments. For more information please consult international@efinans.com.tr )

Sovos Intelligent Compliance Cloud streamlines real-time reporting in Spain

Leveraging its global experience, Sovos ensures continuous, accurate reporting, helps eliminate fines and penalties, and delivers greater operational efficiency

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