#Japan's National Declaration for Promoting Cashless Payment of National and Local Taxes "Digitalization across society improves the convenience of citizens' lives, enhances efficiency in both public and private sectors, and contributes to increased productivity. Promoting this digital transformation is a shared goal for all of us. Until now, national and local tax authorities, along with relevant organizations, have made various efforts to enhance the convenience and promote the use of cashless tax payments. Similarly, the financial sector has also actively engaged with various stakeholders, advocating for the efficiency and digitalization of tax and public money collection. Thanks to these efforts, the usage rate of cashless tax payments has been on an upward trend year after year. However, there is still significant room for further growth and adoption. To ensure everyone benefits from #cashless #payments and to realize a #digital society that leaves no one behind, it is crucial that we strengthen our collaboration and cooperation. This unified effort will not only improve individual experiences but also contribute to the broader #digitalization of society, including business operations. Based on this shared understanding, we hereby declare our commitment to jointly promote and further expand the adoption of cashless tax payments." ?? Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here:?https://lnkd.in/gNjUuSxG
Tokyo FinTech Association的动态
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Maximizing customers' success based on their desired strategies and goals with passion, creativity, and expertise.
Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTC) as part of a global trend toward the complete digitalisation of tax reporting and remittance. Learn more: https://lnkd.in/eTuUqT3V
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Helping corporate tax professionals manage data & disruption with innovation | ONESOURCE | Checkpoint Edge | Thomson Reuters
Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTC) as part of a global trend toward the complete digitalisation of tax reporting and remittance. Learn more: https://lnkd.in/eG82TZAg
Strategies for dealing with upcoming e-invoice mandates - Thomson Reuters Tax & Accounting - UK/EMEA
https://tax.thomsonreuters.co.uk
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Check out our latest tax blog on how electronic payments and their potential for tax administrations?
?? Electronic or #digitalpayments hold great potential for tax administrations in low- and middle-income countries (LMICs), particularly in Africa where the percentage of adults in LMICs that made or received digital payments more than doubled in less than 10 years, reaching 57 per cent in 2021. Enabling robust digital payment systems is also a key pillar to build digital public infrastructure and to bolster tax revenues. Unsurprisingly, governments worldwide strongly encourage – through fiscal incentives – the adoption digital payments. But are these incentives effective? ?? In this new blog, Lucia Rossel PhD and Fabrizio Santoro provides a comprehensive comparative compilation of experiences in countries in the region, as well as Asia and America, and draws three key lessons for African governments. Read it here: https://ow.ly/c4I250RJyHF #TaxExperts
Tax incentives for digital payments – Lessons for African tax administration organisations - ICTD
https://www.ictd.ac
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Director - Indirect Tax. Helping tax leaders level-up their insight with great ideas that unlock cash and manage risks and compliance.
The EU Commission's VAT in the Digital Age (ViDA) proposals moved forwards last week and 14 European countries will be implementing the their plans throughout 2025 and beyond. As announced in the Budget, the UK will also be consulting on e-invoicing in early 2025 and if not doing so already, businesses should kick off their thinking to stay ahead of the game which as part of finance and tax transformation, could help improve efficiency, productivity and cost management. Read more below and get in touch if you'd like to discuss. https://lnkd.in/eBFdvt3d #VAT #EU #E-invoicing Tania Segovia Neil Weedon Chris Downing Gregory Hill James Prince
E-Invoicing – could this be a digital game-changer?
kpmgbeyond.co.uk
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Did you know that you can still claim the first and second stimulus payments on your 2020 tax return if you haven't received them? The deadline to claim these payments is May 17, 2024. After this date, you will no longer be able to claim them. Claiming these payments is simpler than you might think. With Expatfile's tax software, the process is effortless. We will automatically assess your eligibility and guide you through claiming the refund you are entitled to. #americans #expat #tax
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Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTC) as part of a global trend toward the complete digitalisation of tax reporting and remittance. Learn more: https://lnkd.in/eZBKxkRw
Strategies for dealing with upcoming e-invoice mandates - Thomson Reuters Tax & Accounting - UK/EMEA
https://tax.thomsonreuters.co.uk
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Global Account Manager at Thomson Reuters | Streamlining Global Tax and Trade Processes
Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTC) as part of a global trend toward the complete digitalisation of tax reporting and remittance. Learn more: https://lnkd.in/gQ6_hGvx
Strategies for dealing with upcoming e-invoice mandates - Thomson Reuters Tax & Accounting - UK/EMEA
https://tax.thomsonreuters.co.uk
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?? Big news! Starting Jan 1, 2025, Romania mandates e-invoicing for B2C transactions to fight tax evasion. Minister Bolos: This aligns with EU standards and bolsters digitalization efforts. ???? Curious about exemptions and more details? Read on! ???? #TaxReform #DigitalEconomy #RegTech #RevenueAssurance #VAT
Romania Against Tax Evasion: Mandatory Electronic Invoicing - The RegTech
https://reg-tech.co
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Streamline Your Tax Payments with eGIRO: A New Partnership from DBS and IRAS Are you tired of the hassle and time-consuming process of filing your corporate taxes in Singapore? DBS and the Inland Revenue Authority of Singapore (IRAS) have partnered to bring you a revolutionary solution: eGIRO. Simplify the application process: Apply for GIRO online in just a few simple steps. Save time: Reduce processing time from weeks to minutes. Benefit from interest-free installments: Enjoy up to 10 interest-free monthly installments for Corporate Income Tax. Access a wider range of participating banks: Choose from seven participating banks to process your GIRO applications. Learn more about how eGIRO can streamline your tax payments and save you time and money. https://lnkd.in/gZYBQrCM
DBS and IRAS Simplify Tax Payments with eGIRO
https://aceglobalaccountant.com
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Technology has been a game changer in many industries and government tax collection is no exception. The World Bank has recently published an article highlighting how technology can aid governments in tax collections. It gives two experimental approaches used by tax jurisdictions of Liberia and Tajikistan. The article concludes that technology cannot replace the administrative and recovery wings. Instead, policy makers should have primary data in hand and make use of technology to have more tax collections with lesser cost. Check out the article to learn more about how technology can help bridge the gap in tax collection. Link in the comments. #taxcollection #technology #government #worldbank
Filling the Gap by Filing Taxes: How Technology Can Aid Governments in Tax Collection
worldbank.org
