- This article focuses on the regional complexities and challenges of e-invoicing compliance for multinational companies
- There are no widely accepted international standards for e-invoicing, making compliance complex
- Companies may face different e-invoicing formats and requirements in each country they operate
- Challenges include last-minute rule changes, technical specification errors, and software incompatibilities
- Continuous transaction controls require real-time or near-real-time transaction data submission for tax authority approval
- Automated software solutions are necessary for compliance, potentially requiring significant system overhauls
- The series aims to help readers understand e-invoicing, CTCs, and their impact on corporate tax teams
- Nazar Paradivskyy, VP of Regulatory Affairs for CTC compliance at Pagero, provides expert insights in the series
Source: tax.thomsonreuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
