Will clearance e-invoicing spread through the EU?

January 14, 2019

International Tax Review reporter Joe Stanley-Smith writes that governments around the EU are watching Italy to see if its new mandatory e-invoicing system (Sistema di Interscambio, or SDI) works, and whether it is effective in increasing the VAT intake. 

Sovos' Filippa Jörnstedt says, "My guess would be that the next country to introduce a clearance e-invoicing system à la Italy –and almost all of Latin America – would be Spain and/or France...Their IT infrastructure and legislative framework for B2G e-invoicing shares many similarities with the Italian situation before the mandate was introduced, and the respective VAT gaps in these economies also indicate that the business case for such a reform is big enough to merit the paradigm shift."

Read the article here

Previous Article
Global Tax Determination from Sovos Achieves SAP-Certified Integration with SAP S/4HANA®
Global Tax Determination from Sovos Achieves SAP-Certified Integration with SAP S/4HANA®

Sovos announced today that its Global Tax Determination solution for real-time and batch tax determination ...

Next Article
Platforms: Where the real 'Wayfair' money is
Platforms: Where the real 'Wayfair' money is

Beware of getting caught between states and their sales tax collection, as online platforms like eBay and A...

Let's Connect!

Contact Us