- More and more governments are introducing e-invoicing and continuous transaction controls (CTC) mandates, making CTC e-invoicing compliance increasingly complex for multinational organizations.
- With the focus on finance automation across order-to-cash (O2C) and purchase-to-pay (P2P) processes, compliance is not the only concern.
- Non-compliance is not an option, as governments will impose penalties on taxpayers that do not meet their obligations.
- Therefore, organizations must find a compliant solution to meet the requirements.
- A global strategy is now the only way forward for large multinationals, as managing these mandates locally or with a reactionary approach is no longer efficient.
Source Stephane Deslile
Latest Posts in "European Union"
- Impact of New EU VAT Framework on Italian Distance Sales and Imported Goods
- CJEU to Rule on Danish VAT Group Ownership Law Compatibility with EU Directive
- EU Mandates Textile EPR: Brands Must Adapt to New Waste Framework Directive
- AG’s Opinion in Lyko Case: New Perspectives on VAT Treatment of Loyalty Programs
- VAT Compliance for Online Sellers: Essential Tips for Digital Goods
