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Tag: Continuous Transaction Controls

Botswana e-invoicing plans

Botswana e-invoicing plans

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2023 / 24 Budget includes provisions for electronic invoicing In its 2023/24 budget, the Botswana government has included plans to introduce e-invoicing.  The Botswana Revenue Services (BURS) will look to introduce electronic billing / invoicing platforms to improve VAT compliance. Many other African states have

EU 2028 Digital Reporting Requirements (DRR) and e-invoicing

EU 2028 Digital Reporting Requirements (DRR) and e-invoicing

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2028 Near-real time digital reporting of intra-community supplies and acquisitions to Central VIES database and replaces EC Sales List; mandatory structured e-invoicing for EU intra-community; 2014 member states free to decide on local reporting The European Commissions proposed Digital Reporting Requirements (DRR) includes two paths

Death of the VAT Return? Global e-invoicing, SAF-T and pre-filled filings

Death of the VAT Return? Global e-invoicing, SAF-T and pre-filled filings

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Tax authorities migrating from VAT returns to digital reporting requirements, including: e-invoices; real-time reporting; SAF-T; Control Statements; pre-filled VAT returns; freight transport e-registers; and fiscal cash registers Driven by stubborn VAT fraud and other missing indirect tax revenues - the EU VAT Gap is €136billion
OECD reviews global e-invoicing regimes

OECD reviews global e-invoicing regimes

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Evaluation of electronic invoicing implementations with recommendations for global tax administrations; harmonisation not possible The Organisation for Economic Cooperation and Development has issued an initial findings report “Tax Administration 3.0 and Electronic Invoicing’ on electronic invoicing for tax authorities looking to introduce the VAT/GST control reform,

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