The need for permanent monitoring of Russian e-invoicing legislation

October 16, 2015  |  Asia, Electronic Invoicing, Legal

Nowadays, the e-invoicing system is spreading worldwide. In Russia, its development is especially noticeable in sectors such as the retail, pharmaceutical and automotive industries. Large and medium-sized companies are increasingly turning to this technology to save on costs and improve their management.

In the first quarter of this year, the Russian Federation Tax Service modified the xml structure of certain e-documents. On February 2, Order ? MMV-7-15/40@ rolled out some changes in the legal waybill. Soon afterwards, on 4 March, the modifications to the e-invoice message came into force, as detailed in Order ? MMV-7-6/93@.

In general, the changes proposed by these two laws do not entail any major differences in the documents. However, updates like this can be complicated for taxpayers, unless they have a solution that adapts to them automatically.

Permanent Monitoring Observatory

To avoid difficulties for businesses issuing e-invoicing, EDICOM constantly checks and updates the solution in line with new legal requirements as they appear. To this end, the company has a Permanent e-Invoicing Observatory, which analyses the rollout and development of this system in 60 countries around the world. This ensures that the international e-billing platform is kept up-to-date with current legislation at all times, so users do not have to worry about any changes.

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