Your Engine driving the Digital Transformation
E-Invoicing has been in use in Scandinavia since the 1990’s – largely driven by process simplifications and cost efficiency. Thus Scandinavia can be regarded as the pioneer in e-Invoicing in Europe and is now clearly Europe’s leading region with an e-invoicing rate of over 40% on all invoices.1 In Scandinavia a provider model was the […]
What is MTD? MTD is a UK government initiative to make tax administration easier and more effective. On the one hand VAT registered businesses must keep their records digitally. On the other hand they have to submit their VAT return information quarterly to the UK tax authority HMRC (Her Majesty’s Revenue and Customs) via MTD […]
PEPPOL is the main driver for E-Procurement by public authorities in the EU. PEPPOL or individual country-specific procedures are becoming more and more relevant for public sector suppliers. What is PEPPOL? PEPPOL stands for Pan-European Public Procurement OnLine. Its objectives are to use open standards to accelerate a fully electronically supported public tender and procurement […]
Electronic invoicing has existed in Switzerland for more than two decades. It began with sending electronic invoices to private recipients (business-to-consumer ‘B2C’). This development was driven above all by banks and large companies. In Switzerland service providers are familiar with sending electronic invoices to B2C customers. The high acceptance levels among end consumers has been […]
What is SII? From 1st July, 2018, the Spanish tax authority (AEAT) mandates the use of the new version 1.1 of the SII system for the immediate transfer of VAT related information. The former version 1.0 will coexist until 20th July, 2018. The SII system for the immediate transfer of information on turnover-related information receives […]
What is SdI? Since 2015, invoices generated for all business transactions with Italy’s public administrative authorities must be created and signed in electronic form (electronic invoicing, or E-invoicing for short) and transmitted via the data exchange system called ‘Sistema di Interscambio’ (SdI). As a result of this regulation, almost three million electronic invoices covering public […]
What are CFDI-Invoices? In Mexico, since 2011 most electronic invoices have to be created in CFDI format. CFDI stands for “Comprobante Fiscal Digital por Internet” – means a digital fiscal document via Internet (Invoice). The CFDI invoice must, on the one hand, include the signature of the exhibitor and on the other hand, the signature […]
What is SdI? Pursuant to Ministerial Decree No. 55 dated 3rd April 2013, which came into force on 6th June 2013, invoices in all economic relations with the public administration must been created, signed and transferred in electronic form (E-invoices) over an Exchange System. Italy has implemented regulations in 2015 which are in consistent with […]
What is Chorus Pro? The main objective of the EU-Directive 2010/45/EU, which adapts to Directive 2006/112/EC, was to promote a harmonized legal implementation in the Member States for invoicing at European level. France has seized the opportunity and set itself an ambitious target: 100% electronic invoices for public administrations by 2020. For this purpose, all […]
Update: CFDI-Invoices Version 3.3 in Mexico: Deadline extended – read more in our new article. In Mexico, since 2011 most electronic invoices have to be created in CFDI format. What are CFDI-Invoices? CFDI stands for “Comprobante Fiscal Digital por Internet” – means a digital fiscal document via Internet (Invoice). The CFDI invoice must, on one […]