Total number of companies that joined the electronic invoice system during the first (November 15, 2020) and second phases (February 15, 2021) reached nearly 400 companies, according to Minister of Finance Mohamed Maait.
SAP add-on for SAF-T Romania (2022)
- Details
- Hits: 5540
Romania has announced the introduction of SAF-T reporting requirements in 2022.
E-invoicing via a clearance model
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- Hits: 2369
Under a clearance model, the tax authorities will audit sales e-invoices near real-time and first validate and approve the supplier's invoices before those invoices are sent to the customers by the supplier or the tax authorities itself.
Portugal - mandatory annual report - CIT implications
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- Hits: 3204
In Portugal, in addition to the existing monthly SAF-T submission listing of all sales invoices for VAT purposes, businesses are required to provide annual accounting file in SAF-T format.
Greece MyData: how to do that reconciliation
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- Hits: 2185
Our SAP add-on for Greece MyDATA contains also a crucial reconciliation feature to meet the Greek requirements and facilitate reconciling efficiently and effectively in SAP.
SAP add-on for mandatory e-invoicing
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- Hits: 2229
Countries have introduced e-invoicing as a clearance model or as a post-audit method. The legal format is usually an XML or JSON file.
Italy: update about mandatory e-invoicing
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- Hits: 4139
Some important updated concerning mandatory e-invoicing obligations in Italy such as soft landing and digital signatures and how invoices should be stored.
Vietnam - mandatory e-invoicing starting July 1, 2022
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- Hits: 2965
In Vietnam, mandatory e-invoicing is delayed, and the new effective date is July 1, 2022. All B2B transactions are in scope.
Egypt & e-invoicing - KG clients are in the final UAT phase!
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- Hits: 3101
Our large taxpayer clients are selected for mandatory e-invoicing in Egypt as the first wave. KG completed the development for the Egyptian SAP add-on, and the User Acceptance Testing is in the final stage before moving to the production environment.
Commission develops TNA software to identify fraudulent networks
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- Written by Richard Cornelisse
- Hits: 5148
To speed up the joint processing and analysis of data within Eurofisc, the Commission is currently developing TNA software for voluntary use by the Member States as of 2018.
Kingdom of Saudi Arabia (KSA) e-invoicing 2021
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- Hits: 2914
KSA has announced it will introduce an e-invoicing framework for resident companies with an expected go-live date of December 4, 2021.
Reporting domestic purchase invoices list in Hungary
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- Hits: 3175
In Hungary, taxpayers must report the domestic purchase invoices list to NAV on a monthly base as part of the VAT return. Often this reporting requirement is a manual exercise, especially when due to threshold applicable, the number of invoices was limited.
Towards a new and definitive VAT system for the EU
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- Hits: 6929
The Commission adopts new proposals for the most far-reaching VAT reform in the EU for a quarter of a century VAT is a major and growing source of revenue in the EU, raising over €1 trillion in 2015, corresponding to 7% of EU GDP.
Norway - VAT return based on SAF-T coding in 2022
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- Hits: 3454
Norway has announced changes regarding VAT returns that should come into force starting in January 2022.
UK Finance Bill 2020-21: the scope of MTD UK will be extended
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- Hits: 2378
Over 1.4 million taxpayers are successfully using MTD for VAT. The UK will extend Making Tax Digital for VAT to all businesses below the VAT threshold from April 2022 to ensure every VAT-registered business takes the step to move to a new digital tax service.
SAP End-to End solution for periodic SII files in Spain
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- Hits: 5849
In Spain a new VAT reporting system will enter into force on the 1st of July 2017.
Poland and e-invoicing clearance model October 2021
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- Hits: 2225
Poland issued a public consultation on imposing mandatory electronic B2B invoicing by 2023 to help reduce VAT fraud.
SAP add-on: India and e-waybill automation
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- Hits: 2604
Our SAP add-on already meets all the mandatory e-invoicing requirements. Our SAP add-on will include in the premium package 'E-way bill' functionality.
SAP add-on for immediate Supply of Information (SII) in Spain
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- Hits: 64973
SII (“Suministro Inmediato de Información”) in Spain is about changing the current VAT management system which has been in place for 30 years, introducing a new bookkeeping system for VAT on the AEAT online system, by providing all billing records virtually immediately.
Slovakia and e-invoicing via clearance model
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- Hits: 2679
Slovakia has published legal proposals to introduce an invoice clearance model for B2B.
Portugal: e-invoicing and public procurement (2021-2022)
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- Hits: 3085
Portugal will launch B2G e-invoicing in phases. B2G will become mandatory in Portugal from January 1, 2021 and January 1, 2022.
In Spain on 1 July 2017: immediate supply of Information to tax authorities in force
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- Hits: 10766
In Spain a new VAT reporting system will enter into force on the 1st of July 2017. The new Spanish requirements will have a huge impact on many (multi)nationals that run SAP.
France and e-invoicing 1 January 2023
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- Hits: 2281
On 6 November 2020, the French Government introduced mandatory electronic invoicing for domestic transactions between companies (e-invoicing) and an obligation to transmit invoicing and payment data for transactions carried out with individuals or foreign operators (e-reporting).
Egypt introduces mandatory e-invoicing
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- Hits: 3824
The Egyptian Ministry of Finance has recently stated that its draft law about electronic invoicing will have positive economic effects. More VAT taxpayers will be registered, and VAT revenue will increase.
How to get ready in time for SII Spain
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- Hits: 5115
Any SII Spain solution should be implemented on 1 July 2017 as the first mandatory submission is already 8 days later. There are rumours that submission deadline might be delayed but that is still a big uncertainty.
Germany and e-invoicing via clearance model
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- Hits: 1882
On the Germany Bundestag, "Introduction of a Digital System against VAT fraud" (February 10, 2021), the German introduction of mandatory e-invoicing is considered based on the Italian clearance model.
Germany and e-invoicing for B2G mandatory by 27 November 2020
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- Hits: 3865
The adoption of the EU Directive 2014/55/EU of 16 April 2014 (the 'E-Invoicing Directive') made the use of electronic invoicing during public procurement mandatory.
Converting the sales middleman function from Commissionaire to LRD
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- Hits: 10840
The objective is to bring commissionaire arrangements within the framework of dependent agency PE. Companies are converting commissionaire to LRD. Once a commercial and tax-efficient structure is determined— one that addresses both historical and potential risk - it is time to take the theory behind the structure into the realm of practice.
Israel and e-invoicing via clearance model
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- Hits: 3034
Israel's tax authorities are planning to introduce a mandatory e-invoicing system for invoices above NIS 5,000, which would need to obtain immediate online approval from the Tax Authority when the transaction takes place.
Greece update concerning Mydata & e-books obligations
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- Hits: 2834
On Friday, June 12, 2020, Greece Ministry of Finance, together with Independent Public Revenue Authority, published about the digital transmission on the platform of the Electronic Books myDATA.
Brexit - changes in SAP: assess, redesign and test
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- Hits: 5842
Although the EU VAT regime will remain in place until negotiations between the UK and the EU will be concluded, it is most likely that new UK VAT legislation will come into force in the spring of 2019.
Japanese tax-qualified invoicing method 2023
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- Hits: 2590
A mandatory consumption tax invoicing system will become in force in Japan on October 1, 2023.
Our solution realizes that the divested business is operating SAP quickly and in a cost-efficient manner
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- Hits: 2422
M&A Divestiture deals during planning and execution present lots of SAP challenges. Time and IT costs are critical drivers for such deals. By using our patented solution (M&A Divestiture Patent – US9330094B2 for SAP) and approach, organizations significantly reduce the cost and delivery time for successful data separations.
Creating XML SAF-T Structures directly in SAP ECC
- Details
- Hits: 7916
Our SAF-T SAP add-on runs over SAP ECC, is compatible with OECD standard and covers the steps of creation of necessary structures in XML format including E-submission with signature and encryption.
The Philippines launches an e-invoice pilot in 2022
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- Hits: 2796
The Philippines Department of Finance (DOF) schedules to launch a pilot program for e-invoicing in January 2022.
India and e-invoicing reporting mandatory by October 2020
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- Hits: 3034
We have developed an SAP-integrated solution with the cockpit to select reportable outgoing invoices, create periodic Indian e-invoicing, E-submission of Indian JSON files, and control reports and the functionality. Although not yet a mandatory requirement, the solution is ready for FI invoicing.
SAP - submitting close to real time data to tax authorities
- Details
- Hits: 67504
The Italian, Polish, Lithuanian and Spanish authorities passed a series of measures aimed at detecting and combating tax fraud.
Serbia new requirement for issuing e-invoices in 2021
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- Hits: 2449
The Ministry of Finance (MoF) issued an opinion that clarifies the issuance of invoices in electronic form (e-invoice) that came into force on January 1, 2021.
A patented application for 'state of the art' SAP Data Management
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- Hits: 2522
Data is the most valuable asset for any organization. It is being generated at unprecedented speed and already drives decision-making processes and generating extraordinary value.
Italy - Quarterly informative report VAT invoices data
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- Hits: 5811
The Italian authorities passed a series of measures aimed at detecting and combating tax fraud: "Quarterly informative report VAT invoices data".
Czech VAT EEA electronic cash registers postponed till January 1, 2023
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- Hits: 4415
The Czech Republic postponed the mandatory VAT electronic cash registered E-tržby requirement.
Finland's new B2G e-invoicing postponed
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- Hits: 3068
Due to the Coronavirus outbreak, the Finnish treasury announced that the April 1, 2020 deadline is postponed. Non-central Finnish public entities and Finnish companies with turnover of over €10,000 are allowed still to issue and receive invoices use the older e-invoice formats.
Being ready for GCC VAT introduction when operating SAP
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- Hits: 10984
The Governments of the Gulf Cooperation Council (GCC) - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates that make up GCC - are committed to form a common framework for the introduction of value added tax (VAT) in the region.
From July 1, 2021, companies in Russia should for B2B traceable goods issue and receive e-invoices
- Details
- Hits: 2331
From July 1, 2021, companies in Russia should for B2B traceable goods issue and receive e-invoices.
SAP add-on for SAF-T Norway (2020)
- Details
- Hits: 3605
Standard Audit File for Tax Purposes for Norway first version was ready in March 2016. It was limited to account specification (general ledger), and supplier and customer specification (subsidiary ledger).
A cost efficient way to submit SAF-T files and perform risk management
- Details
- Hits: 5121
A SAF-T SAP add-on solution developed together by ‘Tax Assurance and certified SAP add-on specialists’ is now available for Poland, Lithuania and Norway.
Italy cross-border transaction in 2022 via Sistema di Interscambio (SdI)
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- Hits: 2540
Italy implements mandatory B2B e-invoicing as its SdI e-invoicing regime is expanded starting January 1, 2022, to cross-border invoices.
Poland Whitelist of VAT taxpayers
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- Hits: 3887
Starting September 1, Poland will publish online a new database of VAT registered businesses. It is a list of VAT payers, which contains several important information about entities conducting business activity in Poland. The list will include, among others, bank account numbers of VAT taxpayers.
Integrated SAP add-on solutions for SAF-T
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- Hits: 41178
Besides recently Poland, SAF-T is introduced now also for Lithuania and Norway. A fully integrated solution in SAP without an external interface or use of external software is available for Lithuania, Poland and Norway. Other countries will follow.
Portugal delays VAT invoice software on foreign taxpayers to July 2021
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- Hits: 1999
Non-established businesses with a VAT register in Portugal have to issue invoices from certified software by the PT Tax Authorities.
SAP add-on solution for VAT Information Exchange System to validate correctness of VAT numbers (2020)
- Details
- Hits: 4606
From 1 January 2020, four Quick Fixes will be introduced to simplify and harmonize the EU VAT rules of intra-EU supplies of goods, that will address the vital importance of VAT number check again.
Norway introduces SAF-T to improve tax inspections
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- Hits: 8630
Norway is introducing SAF-T reporting for corporate entities, either resident or with physical presence in Norway (VAT registered businesses). From 1st January 2017 onwards it is required to provide SAFT-NO files in XML format on request of the Norwegian Tax authorities.
Two major multinational clients now submit in India their e-invoices using our SAP add-on
- Details
- Hits: 2338
The Indian Goods & Services Tax (GST) Council has an e-invoice reporting obligation (in JSON format). The good news for those mid-sized taxpayers is that our clients that exceeded that threshold have our Indian e-invoicing SAP add-on operational in advance of the deadline of November 1, 2020.
UK MTD - SAP add-on for MTD UK
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- Hits: 3340
Starting April 2020 the digitally linked VAT accounting data will have to be submitted to the tax authorities either periodically or on request. That data will be used to review whether the numbers of the nine VAT returns submitted are correct (tax audit (almost) real-time).
Introducing a new VAT system
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- Hits: 7591
On 16 June 2016, the Finance Ministers of the Gulf Cooperation Council (GCC) held an extraordinary meeting in Jeddah, Saudi Arabia on GCC Value Added Tax (VAT).
Change of the tax function due to tax digitalization trends
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- Hits: 1952
Tax authorities, due to technological innovations, have increasingly improved their tax auditing. They collect tax data directly from the taxpayer's ERP systems periodically (SAF-T VAT), on-request (SAF-T VAT and CIT), and more real-time (e-invoicing VAT and TP).
SAP add-on: SAF-T and e-invoicing changes in 2020
- Details
- Hits: 4191
We support clients by enhancing SAP for tax. That means implementing new tax audit methods such as SAF-T and e-invoicing, but also it optimizes SAP's VAT determination logic to ensure that manual intervention is limited or avoided. Below an overview of new legal changes and introductions, that KG will support.
Mandatory e-audit files
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- Hits: 6532
Tax authorities, due to technological innovations, have become increasingly better in executing their tax audit.
Combat VAT fraud via more real-time e-audits
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- Hits: 1972
Extensive VAT fraud exists globally in countries that introduced a VAT or GST system. The VAT-gap can be defined as the difference between the received and the theoretically calculated VAT-returns/GST returns.
The UK 'Making Tax Digital' for VAT
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- Hits: 3443
HMRC's 'MTD for VAT' aims to avoid 'manual entry' mistakes, and that all underlying VAT line items of the VAT return are not only digitalized but at the end readily available so HMRC can perform soon closer to real-time tax audits. We explain MTD UK in detail.
Creating XML SAF-T Structures directly in SAP ECC
- Details
- Hits: 16223
Our SAP add-on for SAF-T Poland runs over SAP ECC, is compatible with OECD standard and covers the steps of creation of necessary structures in XML format including E-submission with signature and encryption.
How can you defend yourself?
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- Hits: 1865
A SAP VAT configuration review can be used as a counter measurement as part of a sound tax audit defense. The outcome of such a configuration review should show where VAT errors in SAP occur.
eInvoicing requirements in Hungary per July 1, 2018
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- Hits: 11132
From 1 July 2018, taxpayers are as stated earlier obliged to provide immediately invoice data for domestic transactions with a minimum VAT amount of HUF 100,000 (322 EUR).
SAP add-on for SAF-T Poland
- Details
- Hits: 63697
We can offer a SAP add-on solution for Poland (ABAP) at a fixed all inclusive fee. Fully integrated in SAP without an external interface or use of external software. All inclusive means implementation, training and 1 year of free support and maintenance for bug-fixes & legal updates.
VAT and above the line costs when it goes wrong
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- Hits: 2188
VAT is a consumption tax. It is collected in stages by the businesses (or intermediaries) and should be borne by the final consumer. Consequently, VAT is a transactional tax with the potential to impact all transactions with suppliers and customers.
eInvoicing requirements in Italy per January 1, 2019
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- Hits: 7110
Starting January 1, 2019, in Italy a mandatory electronic invoicing obligation will be in force for the supplies of goods or services. This e-invoicing obligation - similar like Spain and Hungary - is about detecting and combating VAT fraud/tax evasion, but also to stimulate company's to get ready for the digital age.
SAF-T what is next ... Lithuania!
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- Hits: 8332
In Europe SAF-T is now in force in Austria, France, Lithuania, Luxembourg and Poland. We understand that Germany, UK, Ireland, Norway and the Czech Republic are most likely next to introduce SAF-T. Lithuania is expanding its SAF-T.
E-invoicing and (almost) real-time data submission
- Details
- Hits: 1896
Hungary and Spain introduced the submission of sales e-invoice data to combat VAT fraud as a post-audit method.
Hungarian update: eInvoicing requirements starts 1 July 2018
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- Hits: 3818
From 1 July 2018, taxpayers are as stated earlier obliged to provide within 24 hours invoice data for domestic transactions with a minimum VAT amount of HUF 100,000 (approximately 322 EUR).
SAP and SAF-T Poland
- Details
- Hits: 5237
From 1st July 2016 onwards it is required to provide SAFT-PL files in XML format on request of the PL Tax authorities.
Hungary RTIR from version 2.0 to version 3.0 - 1 April 2021
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- Hits: 1807
The change from version 2.0 to version 3.0 is not minor. Version 2.0 will no longer be accepted starting April 1, 2021. Similar to version 2.0, change requests of multiple kinds have been incorporated.
Italian update and mandatory e-invoicing
- Details
- Hits: 4119
Starting January 1, 2019, in Italy a mandatory electronic invoicing obligation will be in force for the supplies of goods or services.
A SAP add-on to be able to cope with SAF-T and e-tax audits
- Details
- Hits: 6051
Tax authorities around the world want to receive more frequent and faster tax relevant data for e-audit purposes to analyse Corporate Income Tax (CIT) and VAT positions taken to combat VAT fraud and to determine whether actually a fair share is paid (Base Erosion and Profit Shifting: 'OECD's BEPS').
Configuration of the SAP's ACR solution for SAP HANA
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- Hits: 4263
The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
UK: Making Tax Digital (MTD)
- Details
- Hits: 4488
An API to HMRC is mandatory from 1 April 2019. HMRC will, however, introduce a soft landing period' until 1 April 2020. Taxpayers will, in the end, have to transfer data without manual intervention.
SAF-T Poland per 1st July 2018 extended to taxpayers with more than 9 employees or 2 million EUR sales revenue
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- Hits: 4866
Filing SAF-T will be mandatory for large taxpayers: employ more than 250 people or 50 million EUR sales revenue irrespective of whether they are established in Poland or not. Per 1st July 2018 this extended to taxpayers with more than 9 employees or 2 million EUR sales revenue.
Greece MyData 1 July 2021
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- Hits: 2274
Greece requires taxpayers to submit VAT electronic reporting. It will include invoice reporting and e-books with e-ledger details.
Norway SAF-T delayed to 2020
- Details
- Hits: 5462
Norway has announced to introduce an on-demand mandatory Standard Audit File for Tax (‘SAF-T’) requirement for taxpayers starting from 1 January 2020.
Full VAT automation of AP and AR
- Details
- Hits: 5474
If the aim of your organization is full VAT automation of AP and AR, it is important to have a clear understanding of your material risks at hand, and your lowest performing processes in order to define the functional specifications for a solution.
KGT SAP add-on for Malaysia SST exemption automation
- Details
- Hits: 2257
Malaysia's government abolished the GST Act, and from September 2018, the new Sales & Service Tax (SST) regulation is in force. In line with the new regulation requirements, organizations need to submit (quarterly) returns.
SAF-T Portugal annual report obligation starting 2019
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- Hits: 7738
In Portugal, in addition to the existing monthly SAF-T submission listing of all sales invoices for VAT purposes, businesses are required to provide annual accounting file in SAF-T format.
Innovation and tax audits
- Details
- Hits: 6388
Tax authorities, due to technological innovations, have become increasingly better in executing their tax audit.
SAP add-on for rounding off conflicts
- Details
- Hits: 2961
When the rounding off set up in standard SAP conflicts with the decimal tax requirements, it would usually mean that the SAP setup has to be changed. That is a time-consuming change management process that could take months to implement.
Greece is introducing also mandatory e-invoicing
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- Hits: 4517
Greece intends to roll out a mandatory application of electronic invoicing and electronic bookkeeping. For companies that are involved in the public procurement, the law will be in force as of 2019.
Verify SAP VAT configuration
- Details
- Hits: 6441
Verify VAT configuration A SAP review should highlight where the VAT configuration could be improved or if additional control measures should be added to the business’s Tax Control Framework.
India and e-invoicing and e-waybill reporting
- Details
- Hits: 2089
The Indian government rolled out the electronic invoicing system for all business-to-business (B2B) transactions under the Goods and Services Tax (GST).
About SAF-T and e-invoicing - country specific methods without harmonization
- Details
- Hits: 5771
Tax administrations use technology to improve tax audit effectiveness as combating VAT fraud is a high priority. Digitalization of tax is a trend, so more countries will follow soon.
Roadmap to implement VAT in SAP
- Details
- Hits: 7153
For nearly every company, the accuracy and efficiency of local VAT compliance is completely dependent on the functionality of the underlying SAP system. Any incorrect set-up of the basic VAT configuration of their SAP systems can severely impact it’s processing.
What is an SAP add-on for tax reporting?
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- Hits: 2334
An SAP add-on enhances standard SAP itself., SAP add-on tax components are extra functionalities that do not come with the central SAP product. Various organizations have different requirements.
SAP VAT health check for e-invoicing data requests in Hungary, Italy and Spain
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- Hits: 3484
We offer an SAP health check specifically on e-invoicing data requests such as Hungary, Italy and Spain and our method is based on the legal tax requirements defined in XML format and local VAT law.
High level overview of EU VAT system
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- Hits: 4917
A high level overview is provided of the EU VAT system: what is subject to VAT and the right and methods of VAT recoverability. It includes also a comparison with the US Sales and Use Taxes system.
E-invoicing reporting without a clearance model (post audit)
- Details
- Hits: 2072
Hungary and Spain introduced the submission of sales e-invoice data to combat VAT fraud as a post-audit method.
Legal and technical changes for SII files in Spain
- Details
- Hits: 3604
On 1 July 2018, the Spanish SII system changes. Several technical modifications become in force.