Articles with tag: tax

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IRIS Software Group acquires cloud-based practice management software Senta

News | E-invoicing, SCF & E-procurement | 14 Jan 2021

UK-based software company IRIS Software Group has acquired Senta, a cloud-based practice management software for accountants and bookkeepers, according to the official press release.

IRIS Software Group, Senta, cloud based, practice management, software, UK, IRIS Elements, SaaS, Making Tax Digital

PayPal venture arm invests in crypto tax startup Taxbit

News | Cryptocurrencies | 07 Jan 2021

PayPal venture arm has invested in US-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings.

PayPal, investment, crypto, blockchain, taxes, Bitcoin, US, Taxbit

Italians sign up to 'cashback' card payment scheme despite objections, Reuters

News | Cards | 23 Dec 2020

In an attempt by Rome to curb tax evasion and help retailers hit by COVID-19 restrictions, Italians have signed up for a local ‘cashback’ card payment scheme.

tax evasion, cash back, Covid-19, retailers, digital payments, Italy, retailers, merchants, card payments

Saudi Arabia to employ e-invoicing from December 2021

News | E-invoicing, SCF & E-procurement | 10 Dec 2020

Saudi Arabia has announced it will be introducing a new e-invoicing system that is expected to be a CTC regime.

Saudi Arabia, regulations, e-invoicing, CTC, framework, taxes, cross-border payments, debit, credit

Cash App announces definitive agreement to acquire Credit Karma Tax

News | Mobile Payments | 26 Nov 2020

Square has entered into a definitive agreement with Credit Karma to acquire its tax business, Credit Karma Tax, on behalf of Cash App.

Square, Credit Karma, acquisition, Credit Karma Tax, Cash App, payments, tax filing service, US

Canadian tax agency demands crypto exchange to hand over customer data

News | Cryptocurrencies | 16 Nov 2020

The Canadian Revenue Agency (CRA) has asked the federal court to force crypto exchange Coinsquare to hand over customer information, as part of its efforts to fight tax fraud.

Canadian Revenue Agency, Coinbase, crypto exchange, tax fraud, Canada, cryptocurrency

India e-invoices mandatory for businesses over INR 100 crones in sales

News | E-invoicing, SCF & E-procurement | 11 Nov 2020

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

Stax announces first Australian IPO to accept cryptocurrency

News | Cryptocurrencies | 29 Oct 2020

Australia-based Stax has announced that West Coast Aquaculture Group (WCA) will conduct the country’s first initial public offering that accepts virtual currency as payment.

Stax, IPO, Australia, virtual currency, cryptocurrency, Tether, stablecoin, blockchain

UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

News | Digital Identity, Security & Online Fraud | 08 Oct 2020

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

India makes GST e-invoicing mandatory from October 2020

News | E-invoicing, SCF & E-procurement | 28 Sep 2020

The India-based government has announced plans to make GST e-invoicing mandatory for companies starting 1 October 2020.

India, GST, e-invoicing, mandatory, small businesses, Goods and Servies Tax Council, standardisation, interoperability, auto-population, invoice details, GST return, e-way bill

Pro Payments, BigCommerce, Intuit QuickBooks help merchants to efficiently sync online payments

News | Online Payments | 09 Sep 2020

Pro Payments has announced that its platform takes advantage of the new integration between BigCommerce and QuickBooks.

Pro Payments, BigCommerce, QuickBooks, merchant, payment gateways, Authorize.net, Apple Pay, Amazon Pay, Adyen, Chase Payments, Elavon, NMI, Square, Stripe, PayPal, taxes, refunds, discounts, shipping, QuickBooks Online, QuickBooks Payments, Cash Discount Program, credit card, processing fees

Billtrust introduces automated tax-exemption certificate management solution

News | E-invoicing, SCF & E-procurement | 20 Aug 2020

Billtrust has integrated Avalara’s CertCapture software into its platform to enhance its B2B order-to-cash suite.

Billtrust, automation, tax exemption, tax exemption certificate management, solution, B2B payments, order-to-cash, Avalara, CertCapture, software, transactions, tax exempt, sales tax exemption, customer experience, treasury, credit, ecommerce, audit

Fractal, untied to use Pool E money from BCR Capabilities and Innovation fund

News | Payments General | 19 Aug 2020

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

US-based remote working fintech Deel launches in Europe

News | E-invoicing, SCF & E-procurement | 13 Aug 2020

Fintech startup Deel has launched in Europe in hopes to streamline the work from home process through its online platform.

US, Europe, remote working, fintech, Deel, work from home, online platform, remote workers, currencies, legal fees, due diligence, local law, tax system, international payroll process, WeTransfer

Singapore's IRAS taps DBS for payment digitalisation

News | Online Payments | 06 Aug 2020

Inland Revenue Authority of Singapore (IRAS), a government authority in charge of tax collection, has collaborated with DBS to digitalise payments.


DBS, Inland Revenue Authority of Singapore, IRAS, SingPass/CorpPass, Singapore, Southeast Asia, Asia, APAC, PayNow QR, QR payments, mobile payments, APIs, MyTax portal, online payments

TaxScouts secures GBP 5 mln funding to expand to Europe

News | E-invoicing, SCF & E-procurement | 05 Aug 2020

UK-based tax preparation startup TaxScouts has raised GBP 5 million in Series A funding for European expansion.

TaxScouts, funding, Europe, Octopus Ventures, SpeedInvest, Seedcamp, Finch Capital, Clocktower Technology Ventures, tax filing, Spain, UK, tax system, web app, invoices

Former Malaysian PM charged with money laundering, abuse of power

News | Digital Identity, Security & Online Fraud | 28 Jul 2020

Former Malaysian PM Najib Razak has been found guilty of all seven charges in the first of several multi-million-dollar corruption trials, according to BBC.

money laundering, corruption, power abuse, tax evasion, illegal funding, Malaysia, banking, PM, Najib Razak

South Korea-based digital asset investors to pay 20% in taxes from crypto trading

News | Cryptocurrencies | 15 Jul 2020

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. 

South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator

UMB Institutional Banking offers Banking as a Service solutions to fintechs

News | Payments General | 14 Jul 2020

UMB Bank, a subsidiary of UMB Financial Corporation, has advanced its phased approach to being a ‘one-stop shop’ of Banking as a Service (BaaS) offerings for banks and fintechs.

check services, debit card, ACH, wires, statements, tax documents, remote deposit, bill pay, BaaS, UMB Bank

DBS inks payment services deal with ComfortDelGro Taxi

News | Payments General | 29 Jun 2020

DBS has forged a strategic partnership with ComfortDelGro Taxi to upgrade payment services for their customers in Singapore.

DBS, payment, ComfortDelGro Taxi, transactions