Striving for the 'perfect' invoice in a digital world
In a global digital economy with more than 6 billion smartphone users expected worldwide by 2020, businesses see expanding new markets at every turn.
This digital trend is not just providing benefits for users, but to governments and tax collection as well. The increased use of e-invoicing and electronic filing by government authorities is once such example of governments using digital tools to facilitate compliance and track fraud - quicker and more efficiently.
This comes in handy for multinational companies: as they tap new growth opportunities for their goods and services, they face a steady stream of customs indirect tax regulations - such as Value Added Tax (VAT) and its counterpart, the Goods and Services Tax (GST) - along every stage of the supply chain, accross a multitude of jurisdictions.
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