Archive for Legal

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.

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The need for permanent monitoring of Russian e-invoicing legislation

October 16, 2015  |  Asia, Electronic Invoicing, Legal

In the first quarter of this year, the Russian Federation Tax Service modified the xml structure of certain e-documents. On February 2, Russia rolled out some changes in the legal waybill. Soon afterwards, on 4 March, the modifications to the e-invoice message came into force....

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Improved Cash Flow Realized from Business-to-Government Compliance

September 9, 2015  |  Latin America, Legal, Supply Chain Finance

While Latin America is the current hotbed for such legislation, similar mandates are cropping up worldwide as countries prove the effectiveness of financial legislation in maximizing tax revenues.

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Argentina: e-Invoicing mandatory for all VAT-registered businesses as of 1 July 2016!

The new regulations stipulate that all taxpayers registered for Value Added Tax (VAT) must join the system no later than July 1, 2015. This also applies to a small group of individuals and companies, regardless of their assessment status.

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Turkish Minister of Finance announces more digitisation

Turkish Minister of Finance announces more digitisation

February 22, 2015  |  Compliance, Digitalisation, Government, Legal

Combating the shadow economy of the Turkish Revenue Administration, the plan contains analysis of the shadow economy, incentives for voluntary tax compliance and increasing auditing capacity.

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Supreme court Austria agrees: opt-in for B2C e-billing, not opt-out.

Supreme court Austria agrees: opt-in for B2C e-billing, not opt-out.

January 21, 2015  |  Electronic Invoicing, Europe, Legal

The supreme court of Austria agreed that customers' legal right to choose their mode of billing was undermined when a provider unilaterally changed their method and forced clients actively to object.

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UK Excludes e-invoicing standard from provisional regulations

UK Government officials have excluded an e-invoicing standard from a set of illustrative regulations published yesterday. The government said that it wanted to make sure that any new regulations do not have the opposite effect of promoting and increasing the take-up of e-invoicing in e-procurement

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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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Case Study: SAP and the LATAM fiscal and e-Invoicing mandates

Listen to Billy Sparks, Sr. SAP COE Manager Finance of Lexmark International to learn common challenges in Latin America for a SAP Center of Excellence, how to avoid fire drill SAP upgrades due to constant change management in Latin America, and more!

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Chile DTE & Libros Reporting. Invoiceware has the solution

December 15, 2014  |  Electronic Invoicing, Latin America, Legal

With the announcement of mandatory electronic invoicing in 2014, Chile moves into a unique group of countries focused on driving automation through the economy. With one of the most comprehensive compliance environments in Latin America, it almost always affects your entire operation – including finance, accounts receivable, accounts payable, inbound receiving, and shipping.

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