In 2024, Poland, Romania, Denmark, and Malaysia will implement electronic invoicing (e-invoicing) mandates that demand more real-time tax data. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium, and China, among others, have announced mandates to begin within a two-year period amidst […] … Read More

“Opening up the books” takes on a whole new meaning with the introduction of e-invoicing. While paper invoicing has been on the decline for decades, the increased impetus on corporations to provide more data, more transparency, and more cooperation with governments around the world has led to e-invoicing taking centre stage as the next revolution […] … Read More

Businesses that do not have sound tax provision processes are at an elevated risk of damaging their company’s financial health. Interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. Businesses can effectively navigate this process by understanding the significance of interim tax reporting and following best practices. Summary  […] … Read More

The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable […] … Read More

In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and […] … Read More

The indirect tax landscape is undergoing a profound transformation, driven by the relentless pursuit of efficiency, accuracy, and strategic advantage. A recent Thomson Reuters webinar underscored the critical role of technology and automation in reshaping the indirect tax department. This blog looks at the key challenges faced by tax professionals and explores the emerging technological […] … Read More