Fonoa

📣 Big news from Fonoa: we have acquired Global Indirect Tax Compliance, a PwC UK product! We’ve built Fonoa into the first truly global end-to-end indirect tax automation platform and the majority of our customers operate across borders and in multiple jurisdictions. GITC currently has more than 40 clients, primarily in financial services, and it will have a big impact on our customers when it comes to managing partial exemptions when doing business across multiple jurisdictions. In particular, GITC will: ➡️ minimise repetitive work ➡️ enable indirect teams to protect their valuable time ➡️ leverage best-in-class technology To make the acquisition seamless, we will integrate GITC into our other Fonoa products, including tax ID validation, tax calculations, and e-invoicing, so you’ll soon be able to enjoy the benefits of this product in the Fonoa platform.  This is all part of our mission to build the most sophisticated global indirect tax platform in the world. 🌎 Read the full news article here: https://lnkd.in/eHdYmeGk #taxtech #indirecttax #compliance 

📣 This Week in Tax Alerts 📣 🇮🇹 Italy will soon permit the use of software solutions for the electronic storage and transmission of daily receipts data, as an alternative to traditional telematic registers. A major step towards digital transformation in tax compliance. 🇨🇷 Costa Rica has issued Executive Decree No. 44739-H to regulate electronic receipts for tax purposes, redefining processes and signalling efforts to strengthen its electronic tax system. 🌍 Stay ahead of these regulatory shifts. Read the full articles here ➡️ https://lnkd.in/erwGbWYX #TaxCompliance #RegulatoryUpdates #DigitalTaxation #ElectronicReceipts #TaxTech

🌐 Tax in Real Time: Are You Ready for the Shift to Continuous Compliance in 2025? 🚀 🔗 Join Rob van der Woude, Ben Lewis and Nicole Giaimo for an exclusive webinar to explore the transformative shift towards continuous tax compliance ➡️ https://lnkd.in/eUrNf7RP ✅ Understand the role of real-time data and its impact on compliance. ✅ Learn how to build resilient, automated processes that align with continuous compliance requirements. ✅ Discover best practices for creating scalable, unified systems that support end-to-end compliance across jurisdictions. 🗓️ When: December 10th, 16:00 CET | 15:00 GMT This is a must-attend session for tax professionals looking to stay ahead in a rapidly evolving landscape. #TaxCompliance #RealTimeTax #Webinar #ContinuousCompliance

EU Agrees on #VAT in the #DigitalAge! 🌐 📣 Read the full timeline of the #VIDA package: https://lnkd.in/e8sXfMeW 👀 Other Key Updates: ➡️ Latvian Parliament Passes Law Introducing Mandatory E-Invoicing: https://lnkd.in/eE5C648b ➡️ Spain publishes detailed requirements on the billing systems (SIF&Veri*Factu): https://lnkd.in/eix-bxxa #DigitalTransformation #TaxCompliance #Fintech

🇦🇪 UAE Publishes Further Details on Upcoming E-Invoicing Mandate 🗓️ Phase 1 of the e-invoicing and reporting obligation will commence in July 2026, with legislation expected by Q2 2025. Read more ➡️ https://lnkd.in/egDxt9Dx #UAE #EInvoicing #TaxCompliance #EInvoicingMandate

🇫🇷 📣 France’s rollout of mandatory e-invoicing between businesses, a key part of the government’s digitalization and tax compliance efforts, may be delayed again. What Does This Mean for the Rollout? Read more ➡️ https://lnkd.in/epTXGXar #EInvoicing #TaxCompliance #BusinessRegulations #EInvoicingUpdate #FinanceNews

🇩🇪 📣 German Ministry of Finance Releases E-Invoicing Guidelines for 2025 Rollout. 🗓️ On October 15, 2024, the German Ministry of Finance released the finalized guidelines for mandatory electronic invoicing between domestic businesses, effective January 1, 2025. Read more about the timeline and impact here ➡️ https://lnkd.in/eszTCQ6s #EInvoicing #TaxCompliance #BusinessRegulations #EInvoicing2025 #FinanceNews

📣 🇵🇹 Tax Alert: Portuguese 2025 Budget Law Proposes a Delay in QES (authenticity & integrity) and SAF-T Obligations 🗓️ The Portuguese 2025 Budget proposal, published October 10, 2024, includes a provision postponing the requirement to apply a qualified electronic signature/seal (QES) on all electronic invoices. Under this draft law, the QES requirement will become mandatory from January 1, 2026. This means that until the end of 2025, PDF invoices without a QES will be considered valid electronic invoices for all tax purposes. Postponement of the accounting SAF-T obligation has also been suggested. If enacted, the obligation will be applicable from 2026 and onwards, meaning that SAF-T submission will be required from 2027. 👀 Keep an eye on our Blog for more breaking tax alerts: https://lnkd.in/erwGbWYX

🔈 ICYMI: We acquired Global Indirect Tax Compliance, a PwC UK product! GITC has been designed to manage partial exemptions when doing business across multiple jurisdictions. We can’t wait to integrate GITC into the Fonoa platform, including in our tax ID validation, tax calculations and return filing products. This will save indirect tax teams time and money, enabling them to leverage best-in-class technology. Read more about how this fits with our aim to build the most sophisticated global indirect tax platform in the world ➡️ https://lnkd.in/eHdYmeGk #taxtech #indirecttax #compliance 

🇪🇬 With the announcement of Egypt's new B2B VAT rules, Attila Felföldi, our TaxTech Manager, along with Rob van der Woude, Fonoa’s Chief Tax Officer, have recorded a short webinar to address all your 🔥 burning questions. Catch the 15-minute breakdown here ➡️ https://lnkd.in/ej4DqgFU #VAT #Egypt #Tax