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.

Greece requires taxpayers to submit VAT electronic reporting. It will include invoice reporting and e-books with e-ledger details.

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.

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.

The Indian government rolled out the electronic invoicing system for all business-to-business (B2B) transactions under the Goods and Services Tax (GST).

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.

Hungary and Spain introduced the submission of sales e-invoice data to combat VAT fraud as a post-audit method. 

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.

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.

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.

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.

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.

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.

Portugal will launch B2G e-invoicing in phases. B2G will become mandatory in Portugal from January 1, 2021 and January 1, 2022.

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.

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.

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.

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.

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.

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.

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.

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).