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Understanding the OTC Process for E-Invoicing
E-invoicing regulations and (near) real-time reporting are becoming the global norm. The digital revolution has prompted the imposition of e-invoicing mandates by governments in their attempts to curtail tax evasion and optimize compliance. Where some regions and countries have already legislated e-invoicing, some are still in the introduction phase. Indirect Tax teams from businesses that are…
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Understanding the solution confirmation phase
🔍 What is solution confirmation? Solution Confirmation is the stage where architectural and configuration decisions are made, business process designs are validated, and a minimum Viable Product is set up. 1. Global Indirect Tax requirements Solution confirmation starts with gathering Global Indirect Tax requirements. These consist of the localized:1) Trade flows of all scenarios that…
KNOWLEDGE CENTER
Welcome to VATWorkx labs!
Here we explore the latest trends and share our latest research on VAT, ERP systems, e-invoicing, automation, and many more.