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Starting from 21 January 2021, China has taken the step of allowing the issuance of ‘special’ VAT e-invoices to strengthen tax compliance.
China, VAT, e-invoicing, SCF, tax, B2B payments, invoicing, ERP, CIT, special vat
The Indian government has made the electronic invoice (e-invoice) mandatory from 1 January 2021 for businesses with more than INR 100 crore in sales, down from INR 500 crores.
India, e-invoice, GST, SCF, tax, invoice finance, electronic invoicing, government, e-invoicing standard
SMART (SMEs Manage Accounts Receivables and Tax) solution from Fractal and untied has won GBP 2.5 million Pool E bid for the Banking Competition Remedies (BCR) Capability and Innovation fund.
SMART, accounting, SMEs Manage Accounts Receivables and Tax, Fractal, united, Banking Competition Remedies, banking fintech, SMEs, tax, accounting, mobile app
The cryptocurrency exchanges in India have written to the central bank of India for seeking clarity on the tax front.
commodities, goods, services, currencies, India, cryptocurrency, crypto exchanges, tax, RBI
ABBYY has completed the acquisition of TimelinePI, to establish ABBYY’s role in the digital transformation and mining market.
ABBYY, acquisition, TimelinePI, digital transformation, mining, digital intelligence, financial services, banking, onboarding, tax, IDs, compliance
The US Internal Revenue Service (IRS) has begun sending letters to taxpayers who own cryptocurrency.
IRS, tax, cryptocurrency, US, crypto