Archive for Legal

Successfully navigating the VAT Dynamic Discounting minefield

November 20, 2017  |  Compliance, Legal

Businesses deploying dynamic discounting, either as buyers or suppliers, need to be mindful of country specific rules on handling tax, which vary according to in-country VAT/GST law and/or code of practice.

Read More

CFDI: Cancellation of an e-invoice now requires consent from the recipient

This new modality is established within the Tax Miscellaneous Resolution for 2017 (rules 2.7.1.38 and 2.7.1.39) and it is mandatory as of 1 January 2018.

Read More

Sovos introduces Intelligent Compliance Cloud to safeguard businesses from increasingly complex global compliance issues

The world’s first global platform for tax compliance and business-to-government reporting pairs vast regulatory analysis with local expertise in secure cloud software to help businesses eliminate regulatory barriers

Read More

Compliance complexities abound in Argentina, Chile and Uruguay

March 10, 2017  |  Compliance, Events, Latin America, Legal

In their September 29 webinar, Invoiceware International discusses the legal requirements and fiscal complexities in Argentina, Chile and Uruguay Here’s a preview:

Read More

TIE Kinetix and TrustWeaver team up for globally compliant e-invoicing and e-archiving

The partnership allows TIE Kinetix to support its customers with legally compliant issuing, receiving, and storage of e-invoices in over 55 countries in Europe, Asia, Africa, and the Americas.

Read More

Turkish export and tax-free e-invoices have to go through the TRA’s systems

Turkish firms who are obliged to use e-invoicing shall also issue (1) touristic tax-free invoices and (2) merchandise export invoices via the Turkish Revenue Authority's e-invoicing systems.

Read More

Germany prepares legislation to mandate future B2G e-invoicing

The German Ministry of Internal Affairs (BMI) has drafted new legislation to transpose the EU Directive 2014/55/EU into German legislation. However, the new German draft regulation has an ambition that goes far beyond the EU Directive 2014/55/EU.

It shall for example affect all invoices, regardless of the amount. In addition it paves the way for the government to define further requirements, for instance mandating suppliers to send invoices just in electronic format. The latter however has net yet been drafted.

Ecuador E-Invoicing Requirements Move Process Offline

Due to complaints that online government approval of e-invoices slowed down shipments and supply chain processes, Ecuador revered its approval model – now providing a 24-hour buffer for companies to submit e-invoices. Here’s what companies operating in Ecuador need to know.

Read More

The cost of compliance: 2016 penalties and mandates in Latin America [Webinar replay]

LATAM fines and penalties can quickly add up. For example, a company that’s missing 10,000 invoices from its electronic archives in Brazil (which is not uncommon) could be facing fines of more than $1 million USD

Read More

E-invoice believed to have been used for ransom ware attack

November 9, 2015  |  Compliance, Electronic Invoicing, Legal

The website 'Herald Scotland' mentioned that an Scottish hairdressing firm says it is now believed an electronic invoice may have been used by cyberattacker extortionists in a hack of their system, which led them to pay a 1000 euro ransom.

Read More