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.
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e-Invoice.app · 1 day ago
The article analyzes over 200 e-invoicing vendors across 120+ countries, revealing a highly fragmented market where most vendors specialize in a single country or compliance model. It highlights that 15+ countries have e-invoicing deadlines in 2026 and identifies five distinct compliance models worldwide, underscoring the need for multinational buyers to evaluate vendors by model coverage rather than country count.
VatCalc · 26 days ago
The United Nations Committee of Experts on International Cooperation in Tax Matters has announced a practical VAT agenda through 2028, establishing a Subcommittee on Indirect Taxes to produce guidance on execution gaps. The workplan covers five priority areas—digital economy VAT, fraud prevention and SME compliance, cross‑border dispute resolution, financial services/FinTech/crypto, and VAT regressivity—with draft outputs expected by October 2028. The initiative signals a global convergence in VAT thinking and increased scrutiny for tax authorities and businesses.
Fintua · 26 days ago
This whitepaper explains how aligning VAT returns with e‑invoicing data can improve accuracy, efficiency and control. It discusses the growing regulatory push for real‑time e‑invoicing, the challenges of reconciling fragmented data, and offers a framework for centralised reconciliation to deliver ROI.
e-Invoice.app · 28 days ago
This article argues that e‑invoicing does not create new problems but instead exposes existing process failures. It highlights how structured invoices enforce strict validation rules in countries such as Italy, India, and Germany, and cites adoption statistics following Italy’s 2019 mandate. The piece also discusses the impact of e‑invoicing on exception rates, processing costs, and cycle times.
Fonoa · 29 days ago
This webinar discusses how Booking.com scaled its e‑invoicing compliance across multiple European markets by centralizing tax data and partnering with Fonoa. The presentation highlights the shift from a country‑by‑country approach to a unified strategy, the cross‑functional collaboration required, and practical guidance on vendor selection and implementation planning.
KPMG · 29 days ago
KPMG releases its latest installment of the Taxation of the Digitalized Economy series, summarising VAT and indirect tax updates that affect digital platforms and cross‑border services. The update covers new VAT responsibilities in Chile, Significant Economic Presence rules in Côte d’Ivoire, DAC8 crypto and platform reporting progress in the EU, and emerging VAT measures for digital services in Jamaica, South Africa, Kazakhstan, Sweden, Mexico and Poland. These developments are relevant for businesses relying on digital business models, platforms and data‑driven services.
Incorrect VAT treatment, missing invoice information, data quality issues, and human intervention errors.
Review 10‑15 invoices per period, focusing on high‑value transactions, first‑time suppliers or customers, non‑standard items or services, and transactions with complex VAT treatments.
They reveal issues that reconciliations cannot catch, such as incorrect VAT treatment, missing details, and data quality problems that can lead to audit difficulties and payment delays.
Document findings, keep a log of issues and actions, and use insights to improve processes, provide targeted training, or refine system configurations.
This summary was published on VATfaqs.com on 12 January 2026. The original source is LinkedIn Article by My Virtual VAT Team.
