Today, many governments around the world are tightening their e-tax regulations to step up tax controls, combat fraud and increase tax revenues, facilitate, and automate value-added tax reporting obligations, reducing the administrative burden on businesses. As far as the tax authorities are concerned, better real-time knowledge of companies‘ economic activity will enable economic policies to be steered more finely. We are witnessing a paradigm shift in tax compliance towards electronic invoicing and reporting.
According to the latest announcement from the French Ministry of the Economy, Finance and Industrial and Digital Sovereignty, the widespread use of electronic invoicing will save businesses €4.5 billion a year. It will also help to simplify and modernise relations between the French administration and businesses.
Recently, TJC Group was present at the largest SAP gathering for French user groups – the Convention USF 2023,terms,e we announced our partnership with SAP to resell its Document and Reporting Compliance Solution – SAP DRC; explained its methodology, terms and conditions, and more. We are glad to have been covered in the media by ITRNews as we help consumers and businesses take on the ever-changing tax landscape.
