The article argues that invoices cannot be considered processed unless fully compliant, highlighting that e‑invoicing mandates cover only a fraction of compliance requirements and that tax authorities focus on tax relevance rather than business legitimacy. It warns that relying solely on ERP or e‑invoicing platforms can create significant risk and that invoice fraud can lead to severe penalties.
It covers roughly 20% of compliance obligations, focusing mainly on indirect tax visibility and fraud reduction.
No, they only validate tax relevance, not business legitimacy.
No, e‑invoicing platforms only address a narrow risk domain and do not replace accounting law, commercial law, audit standards, or internal controls.
Penalties include multi‑million fines, VAT reclaims and clawbacks, criminal convictions, and director disqualifications.
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RTC Suite · about 2 hours ago
The article examines the OECD’s Digital Continuous Transactional Reporting (DCTR) framework, highlighting its role as a strategic blueprint for Tax Administration 3.0. It discusses the shift from manual reporting to real‑time digital compliance, the two primary DCTR models, interoperability challenges, SME protection measures, and the importance of data minimization for trust and security.
BDO · 3 days ago
BDO’s 2026 update lists a range of VAT and excise duty changes across 22 jurisdictions, including new GST regimes, rate adjustments, and registration threshold shifts. Key highlights include Bhutan’s 5% GST from 1 January 2026, Denmark’s 0% VAT on books, and Ghana’s VAT rate cut to 20% with a higher registration threshold. The article serves as a quick reference for tax professionals monitoring upcoming indirect tax reforms worldwide.
LinkedIn Article by Markus Hornburg · 6 days ago
The article argues that structured e-invoicing is essential for real-time compliance, contrasting it with static PDF invoices that are likened to paper maps. It highlights the limitations of PDFs in modern tax and audit contexts and stresses the need for machine‑enforceable, globally standardised data objects. The piece serves as a commentary on the evolving expectations of tax authorities and the strategic importance of real‑time visibility for CFOs.
Law360 · 6 days ago
The OECD has released guidance for policymakers on designing mandates for real-time reporting of value‑added tax transactions. The guidance is aimed at countries that are considering or adopting real‑time reporting systems and outlines key principles and considerations for effective implementation.
Law360 · 6 days ago
The OECD has released guidance to help policymakers design real‑time reporting mandates for VAT transactions. The guidance outlines principles for implementing real‑time data submission to tax authorities, a feature increasingly adopted by member states. It aims to standardise reporting requirements and improve compliance.
LinkedIn Article by My Virtual VAT Team · 7 days ago
This article discusses the importance of reviewing source documents for VAT compliance, highlighting common issues uncovered such as incorrect VAT treatment, missing invoice details, and data quality problems. It recommends a sampling approach of 10‑15 invoices per period and emphasizes the need to document findings and act on insights to improve processes.
