GENA

📊 𝗙𝗶𝗴𝘂𝗿𝗲𝘀, 𝗗𝗮𝘁𝗮, 𝗙𝗮𝗰𝘁𝘀: 𝗧𝗵𝗲 𝗟𝗮𝘁𝗲𝘀𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲 𝗿𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗩𝗶𝗗𝗔 📊 presented by Marcus Laube, billentis / GENA at the E-Invoicing Exchange Summit in 📍Kuala Lumpur, Nov. 25-27, 2024! #ViDA #EInvoicing #DigitalTransformation #TaxCompliance #EXCS24

Greetings from the Exchange Summit 2024 in Prague It is great to see a mix of familiar faces and a surprisingly high number of new attendees coming together to dive into the latest in e-invoicing. This year’s main topic is Tax Compliance and the VAT in the Digital Age (VIDA) which has sparked some really interesting discussions.  Some highlights from today and yesterday:   Eduardo Jiménez from the OECD's, shared concerns about the growing complexity and rising compliance costs for the businesses involved in cross-border activities. He emphasized also the need for better interoperability and pointing to Peppol framework being a potential game-changer for enhancing e-invoicing and digital reporting regimes. The launch Peppol VIDA pilot was an excellent addition to that.   VIDA story was continued by Agustín Míguez Pérez from the European Commission. One of the most significant takeaways was that Member States currently with a domestic digital real-time transaction-based reporting system can maintain these systems until January 2035. That gives countries like Poland a last-minute chance to rethink its strategy.  Marcus Laube, CEO of billentis predicted e-invoices are set to double within the next five years driven by various factors. He also stressed the importance of harmonizing the processes like also many others in here. Overall each session, each conversation adds much to the even and I can’t wait to share more highlights as the summit continues. #EXCS24 #EInvoicing #DigitalReporting #TaxCompliance #VIDA #OpusCapita 

The new billentis "Global e-Invoicing and tax compliance report" is coming up. We welcome GENA (Global Exchange Network Association) as partner of the report! Originally founded in 2011 as EESPA (European E-invoicing Service Provider association), GENA stands as an international trade association, embodying a vibrant and expansive community of Service Providers originating from various sectors, including network services, business outsourcing, financial services, technology, and EDI services. The association is robust with more than 100 full and associate members. GENA members support business efficiency and innovation, whilst at the same time supporting important public agenda goals (tax efficiency, environmental efficiency and social responsibility). The association offers a unique knowledge centre for matters related to e-invoicing and facilitates networking and learning amongst members through virtual and face-to-face meetings. The association also offers its members an Interoperability Framework that allows for seamless business cooperation. #GENA #einvoicing #taxcompliance #billentis