Just as indirect tax regimes continue to grow, with India the most recent country to adopt a nationwide GST regime, in July 2017, many countries are adding a new weapon to their arsenals to ensure indirect tax compliance: e-invoicing.
Driven by emerging digital frontiers and globalization, which makes tax collection even trickier, governments are increasingly leveraging technology to strengthen collection of indirect and customs taxes. In many countries, this effort has gone hand in hand with requirements to provide electronic files directly from companies’ enterprise resource planning (ERP) systems. That move, in turn, provides governments a more efficient means of auditing – and enforcement. Read the white paper.