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Mexico, world class model in electronic invoicing [event announcement]

First international electronic tax and invoice forumIn July 2014, after a decade of using electronic invoicing in Mexico, AMEXIPAC will host the First International Tax and Invoice Forum, where European and Latin American service providers, together with companies related to the field will be invited.

The announcement comes shortly before news came out that the number of issuers of electronic bills increased by 250 percent in the first two months of the year compared with the total of 2013. This is the result of the Mexican mandate that taxpayers with annual incomes up to 500 thousand pesos have to use e-invoices.

About the the First International Tax and Invoice Forum

With the use of electronic invoicing countries have seen remarkable advances in greater efficiency in the collection of taxes and auditing tasks. For taxpayers, it has resulted in safety benefits for their business transactions, administrative efficiency and significant savings by reducing human intervention in the process of payments to suppliers and delivery to customers.

This high-level meeting will be open to the exchange of ideas on best practices, experiences and opportunities of developing models that link technology to the management of electronic tax receipts. It is expected to have the assistance of representatives from nearly 50 countries and about 100 Mexican class companies, users of electronic invoicing.

Javier Vega Flores AMEXIPAC´s President:
“After 10 years’ experience of electronic invoicing, Mexico has managed to position itself as one of the most important cases of global success. We are pleased to invite colleagues from around the world to promote dialogue and feedback that will allow us to learn from the experiences of others, and share our progress.”

The Belgian VAT authorities publish new rules on e-invoicing

Shortly after the UK announced the new rules on einvoicing, the Belgian VAT authorities issued Circular Letter 14/2014 of April 4, 2014. And it won't come as a surprise that this new einvoicing rules neatly follow the EU Directive. So, the letter provides comments regarding the conditions of e-invoicing and guidelines regarding the implementation of e-invoicing and archiving.

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How the EU directive on electronic invoicing in public procurement was born

EESPA was featured in the latest edition of the prominent 'Parliament Magazine' on the model interoperability agreement. Alongside an interesting two-pager on how the the EU directive on electronic invoicing in public procurement come in to existence. The article unveils that the most difficult part of the negotiations with the council was agreeing on the time period available to contracting authorities and entities before the standard is made mandatory. Definitely worth reading.

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Philips Selects Invoiceware’s SAP Hybrid Cloud for Brazil Nota Fiscal: 80% cost reduction

January 26, 2014  |  Electronic Invoicing, Latin America, Legal

Philips’ global architecture and IT department is dedicated to providing innovation and support services to various business units throughout Brazil. However, the technology landscape was already showing signs of obsolescence and creating a support burden as the more than 140 legacy systems required extensive labor just to perform ongoing annual maintenance.
Add to this another required upgrade of the current on-premise SAP GRC Nota Fiscal and it explains why it select the SaaS-based solution of Invoiceware, replacing legacy on-premise Nota Fiscal software and reducing annual maintenance costs by 80% while increasing productivity within the electronic invoicing operation by 25%

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European Parliament approves three new public procurement directives, effective 2016

European Parliament approves three new public procurement directives, effective 2016

January 21, 2014  |  Europe, Legal, Purchase-to-pay

On 15 January 2014, the European Parliament adopted a package of three new public procurement directives ("Directives") replacing the Public Sector Directive (Directive 2004/18/EC), the Utilities Directive (Directive 2004/17/EC) and introducing a directive on concessions.
The new EU rules on public procurement and concession contracts will ensure better quality and value for money when public authorities buy or lease works, goods or services. They will also make it easier for small and medium-sized firms to bid and include tougher provisions on subcontracting.

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Compulsary Mexican e-invoicing in 2014 [UPDATE]

Mexico’s taxing authority, the Servicio de Administracion Tributaria (SAT), announced last May 31 that all commercial invoice transactions sent by companies earning more than 250,000 Pesos annually must be submitted to the authority in a standard electronic format for approval effective 1 January 2014.
The mandate, which eliminates the use of the legacy CFD process, is expected to affect an estimated 500,000 companies, many of them multinationals with operations in the United States and Europe. Although the change has been expected for some time, the short notice has created a rush to bring systems into compliance before the end of 2013.

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The failure points in the traditional NFe on-premise einvoicing architectures

When you consider the issues and the overall cost to support three components, you can see why companies are looking to use the Brazil NFe version 3.1 upgrade to consider managed service providers that implement, monitor and maintain all three components as a complete end to end solution.
With the operational and audit issues at hand, wouldn’t it be nice to pick up the phone and call one expert, rather than going on “search & rescue” missions to find and fix the problem every time there is an error?

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Top 5 Reasons to use Brazil NF-e 3.1 with Managed Services in stead of On-Premise Solutions

December 11, 2013  |  Electronic Invoicing, Latin America, Legal

Brazil came out with their latest changes in July 2013 – version 3.1 of the Nota Fiscal process. ow is the time to compare your internal costs to solutions that take advantage of Latin America electronic invoicing in the cloud. Now is the time to compare SAP GRC NFe, Mastersaf and Synchro installations with managed service based solutions.

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Portugal mandates use of certified electronic invoicing software

On November 22, 2013, the Portugese Ministry of Finance published Ordinance Nº 340/2013. The ordinance includes modifications to the certification process for electronic billing software and solutions.
As of now all e-invoicing software must be audited and certified by the Portugese Tax Authority: the Direcção Geral de Contribuições e Impostos (the DGCI). That said, all proprietary software will no longer be considered valid without proper certification. Even if it follows the XML file construction criteria with inclusion of the mandatory fields proposed by the tax authorities!

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Invoiceware International Releases SAP E-Invoicing Inbound Receiving and Accounts Payable Solution for Mexico Electronic Invoicing

Invoiceware International extends their native SAP ERP electronic invoicing applications for Mexico to support inbound invoice processing and commercial compliance, also known as three way matching. With some 500,000 companies transitioning to electronic invoicing by January 1, 2014, multinationals need to adapt their inbound receiving and invoice approval processes to handle XML. Companies should expect upwards of 80 to 90 percent of supplier invoices to transition to electronic formats due to this legislation.

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