Country government entities are increasingly setting up mandated invoice flows so they get to see and book an invoice before the payer does in an effort to close an estimated $500 billion global VAT Gap. This approach guarantees a massive reduction in tax fraud and secures much-needed sales tax income. Success stories in Mexico, Brazil (early adopters) and Italy have meant e-invoicing mandates are being adopted by more countries and pushed out further (across more commercial groups) in already-live countries. What does this mean for you....? Potentially a lot of work, and a lot of worry.
Join our webinar on May 17th where we will set out:
- Key changes coming up in the next 12 months
- Who is responsible for complying with the mandates (supplier or buyer)
- Steps to take now to avoid panic or penalties
- Country compliance -- why no two countries are alike
Watch the recording below to hear how DHL and Schaeffler are using Tradeshift to navigate these tax changes.