Business to Government compliance Archives

Header - Update The Bookkeeping act SAF-T Denmark

24/05/2024 | 7 min read

Unlocking the requirements of the new Bookkeeping Act, Denmark

A few months back, our tax compliance experts reported that the Danish Bookkeeping Act is all set to come into force in 2024, which aims at strengthening tax compliance, enhancing financial reporting transparency to fight against tax frauds, and so on in Denmark. Cut to April 2024, the Bookkeeping Act…

06/05/2024 | 2 min read

New version of SAF-T Financial in Norway

The Norwegian Tax Administration, Skatteetaten, has recently published a new version 1.30 of SAF-T Financial. This article analyses what’s new on the new version.

Header update Poland e-invoicing new date - TJC Group

03/05/2024 | 2 min read

New date for Poland mandatory B2B e-invoicing

The Finance Minister of Poland has recently announced that mandatory B2B e-invoicing is being delayed to February 2026. The National e-Invoicing System (KSeF) will adopt a phased approach.

Continuous Transactions Model for e-invoicing

28/03/2024 | 6 min read

Exploring different models for Continuous Transactions Control

With e-invoicing and e-reporting gaining momentum across the world, knowing even the slightest of its aspects is paramount. Quite an important aspect here would be to Continuous Transactions Control (CTC). Fact of the matter, many governments are turning towards CTC to strengthen their economies. But do you know why? Fret…

27/03/2024 | 2 min read

E-invoicing in Germany: B2B mandate timeline for implementation

27th March 2024 Germany recently joined the bandwagon of implementing B2B e-invoicing in the country. The recent developments in the country’s legislative landscape have given rise to the topic of B2B e-invoicing in Germany at the forefront. Germany’s upper and lower Parliament houses, Bundesrat and Bundestag, respectively, have been engaged…

11/03/2024 | 14 min read

SAP DRC: Everything you need to know | Consulting and Implementation Services | TJC Group

The digital transformation of invoicing and statutory reporting has resulted in it being a survival kit for organisations that want efficiency, precision, and seamless compliance with their tax and regulatory requirements. If we talk statistically, the e-invoicing market reached around USD 14 billion in 2023, expected to grow at a…

06/03/2024 | 2 min read

Quick update: E-invoicing in Malaysia, release of PINT BIS specifications

06 March 2024 On 26th February 2024, the Malaysian government per PEPPOL, announced the billing specifications that are compliant with the PINT methodology. Consequently, this incorporates invoices and credit notes, along with self-billing invoices and credit note transactions for e-invoicing in Malaysia. What are the latest specifications? On the same…

29/02/2024 | 2 min read

Update: SAF-T Bulgaria implementation on the papers; National Revenue Agency progresses!

29 February 2024 Bulgaria is all set to join the list of countries implementing SAF-T, which is the OECD-backed standard schema for taxpayers and authorities to exchange information. As a matter of fact, the first version of SAF-T Bulgaria XSD schema is available for the required users on the Bulgarian…

e-invoicing channels that you must know of

28/02/2024 | 5 min read

E-invoicing & e-reporting: 4 channels you must know of!

Table of contentsInside the e-invoicing and reporting journeyWhat is an invoice channel?The different e-invoicing channels for youInteroperable e-invoicing networksInteroperabilitySecurityStandardsIntegration of accounting or ERP softwareDirect submission through government portalsCertified service providersAmalgaming the benefits of e-invoicing and e-reportingImplement e-invoicing with TJC Group Inside the e-invoicing and reporting journey E-invoicing and e-reporting are…

28/02/2024 | 1 min read

Update: France’s new guidance on the timeline preceding the CTC mandate!

28 February 2024 The Direction Générale des Finances Publiques (DGFiP), on 16th February 2024, hosted a community relay meeting with its stakeholders of the upcoming CTC mandate. During the meeting, the DGFiP announced additional details on the timeline leading up to the obligation. To set the premises for e-invoicing in…

26/02/2024 | 2 min read

Update: New Zealand government to impose stronger requirements for e-invoicing!

26 February 2024 Last week, Hon Andrew Bayly, the Minister for Small Business and Manufacturing, New Zealand, announced the government’s intent to revoke the Business Payments Practices Act 2023. Instead, they plan on pursuing non-regulatory measures for improving payment times to small businesses. The primary objective, however, is to ramp…

22/02/2024 | 2 min read

Update: The Belgian Parliament approved the legislation setting out a B2B e-invoicing mandate

22 February 2024 The Belgian parliament announced that the bill legislating for mandatory B2B e-invoicing in Belgium has been gazetted. This means that the mandate is ready to be applicable and adopted from 1st January 2026. Although derogation from the European Commission (EU Directive articles 218 and 232) is still…

24/01/2024 | 3 min read

Solving e-invoicing and e-reporting challenges with SAP DRC expertise

Table of contents1. Introduction2. What are the challenges of implementing e-invoicing & e-reporting?2.1 Different regulations in different countries2.2 Data integrity is a challenge2.3 Integrating ERP systems can be complicated2.4 System security challenges2.5 Reconciling e-invoice data and VAT returns2.6 Cashflow impact3. How do organisations overcome these challenges?3.1 Features of SAP DRC…

19/12/2023 | < 1 min read

New technical specifications for the e-invoicing introduction in Italy

Author: Patchanok Kluabkaew, SAP Finance Lead. The Italian Ministry of Finance published last week the updated version 1.8 of the technical specifications for the e-invoicing introduction which will be valid from 1 February 2024. The main changes introduced are as follows: New coding introduced for the ”AltriDatiGestionali” block for agricultural…

19/12/2023 | < 1 min read

E-Invoicing in France: the timeline undergoes an intriguing twist

Author: Patchanok Kluabkaew, SAP Finance Lead. On December 13th, the French National Assembly reinstated September 1, 2026, as the designated initial date for e-invoicing and e-reporting, effectuated through an approved amendment to the 2024 Budget. The Senate, which is the upper house of Parliament, had previously approved a modification earlier…

23/11/2023 | 2 min read

‘‘Name and Shame’’, sounds familiar to you? | Tax compliance

You surely heard about “Name and Shame”, don’t you? We are talking about a practice coming from Anglo-Saxon countries that French public administrations are integrating more and more.

20/10/2023 | 2 min read

New timeline for B2B e-invoicing in France

Author: Mélissa Oktay, SAP Finance Business Analyst. The Finance bill for 2024 has been revised by the French authorities (Assemblée Nationale) and a new amendment has been proposed: Amendement n° I-5395 . Accordingly, here is the new timeline proposed for e-invoicing mandate: 1 September 2026: obligation for large enterprises (LE)…

29/08/2023 | 5 min read

How ‘low-code, no-code’ software development improves Tax and audit compliance

Author: Laura Parrí Royo, Marketing DirectorWith years of expertise, Laura heads the Marketing team at TJC Group. Her expertise in SAP Data Archiving, Legacy Decommissioning, and so on, coupled with marketing tactics has helped strategize our brand value beyond excellence. Table of contentsWhat exactly is ‘Low-code, no-code’?Is ‘Low-code, no-code’ a…

12/04/2023 | 6 min read

What is VAT in the Digital Age (ViDA)?

Value-added tax (VAT) is a major source of revenue for EU member states, estimated at around 20% of total government revenue. As a result, VAT is also an indirect source of funds for the EU budget. In December 2022, the EU Commission proposed reforms for the bloc’s VAT system called…

06/10/2022 | 4 min read

Get SAF-T ready – 6 tips to prep your tax and audit teams

The way businesses operate and interact with regulatory bodies and government is changing at a very rapid pace. One area that’s changing especially rapidly is tax and financial compliance – particularly when it comes to reporting processes. This article outlines the 6 key stages involved with SAF-T readiness, shared by…

16/06/2021 | 5 min read

Taking a polymath approach to Business 2 Government compliance

Is your team ready to tackle tax compliance in a Volatile, Uncertain, Complex and Ambiguous environment? This article outlines Taking a polymath approach to Business 2 Government compliance. “T-shaped’ skills are essential to tackle tax compliance projects today.