{"@attributes":{"version":"2.0"},"channel":{"title":"summitto blog","link":"https:\/\/blog.summitto.com\/","description":"Recent content on summitto blog","generator":"Hugo -- gohugo.io","language":"en-us","lastBuildDate":"Thu, 21 Dec 2023 07:47:11 +0100","item":[{"title":"Jingle All the Way to Easier VAT Reporting in 2024 \u2013 Stay Tuned!","link":"https:\/\/blog.summitto.com\/posts\/merry_christmas_happy_new_year_2023\/","pubDate":"Thu, 21 Dec 2023 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/merry_christmas_happy_new_year_2023\/","description":"Beneath the glow of Christmas lights, so clear, A hope for ease in tax, we hold it dear. Officials huddle, warm, with festive cheer, To cut the VAT gap, their goal this year.\nIn merry times, we speak of burdens light, E-invoicing’s not the sole fight. For fraud, a broader plan must take flight, And in this Yuletide, may they see the light.\nWith negotiations through the snow, A better path they seek to know."},{"title":"Automatic Extraction Audit for Real-Time Reporting as proposed by EC\/France","link":"https:\/\/blog.summitto.com\/posts\/automatic_audit_extraction_tool\/","pubDate":"Mon, 01 May 2023 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/automatic_audit_extraction_tool\/","description":"There is a lurking issue in many real-time reporting systems that depend on either trusted parties or trusting the government with all the invoice data. We believe neither approach is ideal, so we came up with a better alternative. We developed a tool that can automatically audit all e-Invoice extractions and conversions, and attach a cryptographic signature to the extraction. This signature is then sent either to the Tax Administration or any other system managing the real-time reporting."},{"title":"VAT Talks - Cyrill Diefenbacher","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_cyrill_diefenbacher\/","pubDate":"Tue, 20 Dec 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_cyrill_diefenbacher\/","description":"Introduction In this episode of VAT Talks we had the opportunity to discuss Swiss Taxation on NFTs with Cyrill Diefenbacher\nCould you tell us more about yourself and how you ended up in the field of taxation? I studied law at the University of St. Gallen (HSG) and finished my studies there with a master’s degree. Subsequently, I joined KPMG where I worked for six years in the Corporate Tax Team and obtained the Swiss certified tax expert degree."},{"title":"European Commission - ViDA commentary on the (almost) published draft directive - The good, the bad and the ugly","link":"https:\/\/blog.summitto.com\/posts\/vida_commentary_on_draft_directive_the_good_the_bad_the_ugly\/","pubDate":"Fri, 18 Nov 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vida_commentary_on_draft_directive_the_good_the_bad_the_ugly\/","description":"During the IDSt event in Berlin on the 16th of November, Agust\u00edn M\u00edguez P\u00e9rez presented the potential directive which is a result of the \u201cVAT in the Digital Age\u201d Initiative. It was meant to be the official presentation but unfortunately due to political circumstances it had to be postponed to next month. Although he could not share everything with us, he was kind enough to give us a good overview of what might come."},{"title":"VAT Talks - John McCallig","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_john_mccallig\/","pubDate":"Thu, 03 Nov 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_john_mccallig\/","description":"We’re honoured that John McCallig, Assistant Professor in the Accountancy Subject Area at the University College Dublin Business School, wanted to talk about VAT, real-time reporting and encryption with us! John does not only have extensive knowledge of the accounting area, but also did extensive research into modern cryptography. For his work on applying cryptography to VAT he even was awarded with the NovaUCD invention of the year award."},{"title":"Summitto's take on the OECD's e-invoicing report","link":"https:\/\/blog.summitto.com\/posts\/summittos_take_on_the_oecds_e-invoicing_report\/","pubDate":"Thu, 06 Oct 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/summittos_take_on_the_oecds_e-invoicing_report\/","description":"Introduction The Organisation for Economic Development Cooperation and Development (OECD) recently published a report about e-invoicing. The aim of the report is “to set out some of the core elements of existing “electronic invoicing” systems, and to draw “out some considerations for those exploring possible implementation or reform of such systems”. In the following we address some key findings of the report and will provide our analyses.\nGetting the definitions straight We have stressed it quite often, for example here, e-invoicing is something different than real-time reporting."},{"title":"VAT on non-fungible tokens (NFTs)","link":"https:\/\/blog.summitto.com\/posts\/vat_on_non-fungible_tokens_nfts\/","pubDate":"Thu, 22 Sep 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_on_non-fungible_tokens_nfts\/","description":"Introduction Non-fungible tokens (NFTs) have attracted the interest of investors and the public in the last couple of years because of their skyrocketing price and the possibility of producing revenues for the artists. The increasing price of NFTs has made it apparently also interesting enough for governments to try to levy VAT on these digital assets.\nIn the following, we will analyse how the VAT legislation is being extended in Spain to NFTs and the legal feasibility of this purpose."},{"title":"Secure encryption: no space for backdoors","link":"https:\/\/blog.summitto.com\/posts\/secure_encryption_no_space_for_backdoors\/","pubDate":"Thu, 08 Sep 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/secure_encryption_no_space_for_backdoors\/","description":"Introduction With the rise of cyberattacks, encryption is becoming increasingly important in order to secure business-relevant, public-important or private-sensitive information. More and more companies are adding encryption technology to their security standards. Nevertheless, not all encryption solutions are the same. One important difference is between a form of encryption where secured data is still available to intermediaries and one where data is only available to its owner. The latter would be particularly important in real-time reporting systems, where huge amounts of taxpayers\u2019 data is collected."},{"title":"VAT Talks - Marloes Lammers & Vanessa Huygen van Dyck-Jagersma","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_marloes_lammers_vanessa_huygen_van_dyck_jagersma\/","pubDate":"Thu, 18 Aug 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_marloes_lammers_vanessa_huygen_van_dyck_jagersma\/","description":"Introduction In this episode we had the pleasure to speak with Marloes Lammers and Vanessa Huygen van Dyck-Jagersma from HuygenLammers Advocaten. We’re very thankful that they want to share their knowledge which they gained by handling an enormous amount of VAT fraud cases. We discussed the “knew and should have known” principle, we spoke about the so-called “hit day”, and they explained why engaging in a professional relationship is comparable to marrying someone."},{"title":"Final Report European Commission VAT in the Digital Age: DRR","link":"https:\/\/blog.summitto.com\/posts\/final_report_european_commission_vat_in_the_digital_age_drr\/","pubDate":"Fri, 05 Aug 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/final_report_european_commission_vat_in_the_digital_age_drr\/","description":"Introduction Recently the European Commission published the long awaited VAT in the Digital Age report. In the following we will discuss and analyse the central finding of the report treating Digital Reporting Requirements (DRR). We argue that the impact of real-time reporting and “e-invoicing” (definition is discussed below) can potentially be quite similar, contrary to the authors of the report. Furthermore, we show how summitto’s solution is a confidential solution for the future VAT system."},{"title":"VAT Talks - Antonino Caccamo","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_antonino_caccamo\/","pubDate":"Thu, 21 Jul 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_antonino_caccamo\/","description":"Introduction In this episode of VAT Talks we have the honour to speak with Antonino Caccamo who is CTO and co-founder of A-Cube API, an Italian e-invoicing service provider. Previously A-Cube and summitto launched a pilot, showing that summitto\u2019s TX++ could be integrated as corner 5 in a Peppol CTC model. Continue reading to learn more about the Italian e-invoicing system and the Peppol network, and why we should \u201cembrace the revolution\u201d according to Antonino!"},{"title":"VAT Talks - Nazar Paradivskyy","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_nazar_paradivskyy\/","pubDate":"Thu, 07 Jul 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_nazar_paradivskyy\/","description":"Introduction In this episode of VAT Talks we have the honour to speak with Nazar Paradivskyy who is VP Regulatory Affairs at Pagero and CTC Community leader at the OpenPeppol organisation. Therefore Nazar is the perfect person to discuss the latest developments regarding Peppol and CTC. In the article he explains the benefits of e-invoicing and why it is so important for governments to include businesses in discussions around CTC."},{"title":"E-invoicing in the Group on the Future of VAT","link":"https:\/\/blog.summitto.com\/posts\/e-invoicing_in_the_group_on_the_future_of_vat_gfv\/","pubDate":"Thu, 30 Jun 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/e-invoicing_in_the_group_on_the_future_of_vat_gfv\/","description":"Introduction At the beginning of May the Group on the Future of VAT (GFV) gathered to discuss e-invoicing in respect to the VAT in the Digital Age project.[1] In a recent blog post we have already shown how complex this topic is. This also becomes apparent from the minutes of the GFVs meeting, which show the many questions raised by the European Commission (EC) to the delegates. In the following we hope to add to the ongoing discussion by providing our view on the questions raised and the answers provided by the delegates."},{"title":"Summitto creates Peppol 5-corner model pilot to help tax authorities tackle VAT fraud","link":"https:\/\/blog.summitto.com\/posts\/summitto_creates_peppol_5_corner_model_pilot\/","pubDate":"Tue, 21 Jun 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/summitto_creates_peppol_5_corner_model_pilot\/","description":"Introduction The Peppol network is increasingly being used as the infrastructure to exchange e-invoices by companies all over the world. One of the most recent developments is that Belgium might choose Peppol to implement mandatory e-invoicing. Therefore, in addition to the real-time reporting (or CTC) plans of the OpenPeppol organisation, summitto developed a pilot where real-time reporting is integrated in the Peppol network. In the following we will explain how invoice information is transmitted to the tax authority via this pilot."},{"title":"The backbone of e-invoicing: the EU derogation to the VAT directive","link":"https:\/\/blog.summitto.com\/posts\/the_eu_derogation_to_the_vat_directive\/","pubDate":"Thu, 19 May 2022 08:00:00 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_eu_derogation_to_the_vat_directive\/","description":"Introduction France, Italy, Poland. What do these countries have in common? First of all, they are all members of the EU. And second, among many other similarities, they all requested and obtained a derogation to articles 218 and 232 of the 2006 EU VAT directive in order to be able to implement mandatory e-invoicing.\nIn this blogpost, we want to discuss how the EU derogation system works and why it is so important."},{"title":"VAT Talks - Aiki Kuldkepp","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_aiki_kuldkepp\/","pubDate":"Thu, 12 May 2022 10:00:00 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_aiki_kuldkepp\/","description":"Introduction Real-time reporting and digital reporting requirements are advancing all over Europe. We discuss these developments with international indirect tax specialist Aiki Kuldkepp. Aiki has an astonishing career in the world of taxation and currently holds the position of senior manager at Grant Thornton. Come join us in a discussion about the future of VAT in Europe and how technology can help. Aiki is convinced that the \u201cmodernisation of reporting systems will help to increase the trust between member states\u201d but she\u2019s also aware of the difficulty of harmonising national DDRs in the EU."},{"title":"How companies can optimally benefit from real-time reporting according to the experts","link":"https:\/\/blog.summitto.com\/posts\/how_companies_can_optimally_benefit_from_real-time_reporting\/","pubDate":"Thu, 21 Apr 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/how_companies_can_optimally_benefit_from_real-time_reporting\/","description":"Introduction In the last couple of years we had the honour to speak to many top-tier VAT experts from all over the world in our series VAT Talks. The knowledge they shared is invaluable for any VAT professional. Therefore, after an episode about confidentiality and the advantages of real-time reporting, in the following we will share the experts\u2019 view on how companies can optimally benefit from real-time reporting.\nFocus on digitalisation of VAT reporting and other business processes Many VAT experts emphasised that by implementing real-time reporting VAT compliance can be fully digitalised and even (to a certain extent) automated."},{"title":"Is e-invoicing harmonisation in the EU possible?","link":"https:\/\/blog.summitto.com\/posts\/is_e-invoicing_harmonisation_in_the_eu_possible\/","pubDate":"Thu, 14 Apr 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/is_e-invoicing_harmonisation_in_the_eu_possible\/","description":"Introduction Recently the European Parliament called on the Commission “to stand for the expansion of e-invoicing and calls for the introduction of an EU e-invoicing standard [sic] harmonising\u201d.[1] This idea seems to be supported by many EU Member States and also private organisations. But what does this need for harmonisation mean exactly? Isn\u2019t there already the pan-European e-invoicing standard EN 16931? In the following we will try to answer these questions."},{"title":"Insight special: China\u2019s Golden Tax System","link":"https:\/\/blog.summitto.com\/posts\/insight_special_chinas_golden_tax_system\/","pubDate":"Thu, 31 Mar 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/insight_special_chinas_golden_tax_system\/","description":"Introduction China\u2019s share in the world economy and political influence has been steadily growing since Deng Xiaoping\u2019s reforms at the end of the 70\u2019s. The liberalisation of the Chinese economy required additional revenue for the state. As one of the tools, China introduced VAT in 1984. Ten years later, the Chinese government developed a nationwide value-added tax administration and monitoring system, better known as the Golden Tax System (GTS)."},{"title":"Periodic reporting requirements around the EU","link":"https:\/\/blog.summitto.com\/posts\/periodic_reporting_requirement_around_the_eu\/","pubDate":"Thu, 17 Mar 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/periodic_reporting_requirement_around_the_eu\/","description":"Introduction In a previous blog post we discussed several real-time reporting models for VAT. Now it\u2019s time to discuss periodic reporting solutions and especially those implemented in the EU. Following our own research, 10 out of 27 EU Member States implemented such a solution at the moment of writing (See Table 1). In the following we will first explain what periodic reporting for VAT is, after which we explain the differences between periodic reporting and real-time reporting."},{"title":"Insight special: real-time reporting in South Korea","link":"https:\/\/blog.summitto.com\/posts\/insight_special_real_time_reporting_in_south_korea\/","pubDate":"Thu, 10 Mar 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/insight_special_real_time_reporting_in_south_korea\/","description":"Introduction After analysing real-time reporting systems in several countries around the world in our previous blog-posts, we wish to focus today on one of the first real-time reporting systems of Asia: the South Korean one. South Korea introduced a real-time reporting system as far back as 2011 and is one of the most advanced countries in this area in Asia.\nIn order to better understand how the system works, we will first present an overview of the developments which led to the current system in the country."},{"title":"Real-time reporting and the reverse charge mechanism","link":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_reverse_charge\/","pubDate":"Thu, 03 Mar 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_reverse_charge\/","description":"Introduction When discussing the modernisation of the EU VAT system, often reverse charge is mentioned as a solution to tackle VAT fraud and close the VAT gap. In the following we will provide an introduction to the reverse charge mechanism, explain why it is actually not the best tool to fight VAT fraud and discuss how reverse charge can co-exist with real-time reporting systems such as summitto’s solution.\nWhat is reverse charge?"},{"title":"Self-billing and real-time reporting","link":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_self-billing\/","pubDate":"Thu, 24 Feb 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_self-billing\/","description":"Introduction As we have shown in other articles on this blog, real-time reporting has a considerable impact on the economic processes within a jurisdiction. Through digitalisation, some of them might increase their efficiency, as is the case with call-of-stock arrangements. Nevertheless, real-time reporting could create some legal challenges when it comes to a particular way of issuing invoices. Today, we will focus on self-billing and how real-time reporting may have an impact on this type of arrangement."},{"title":"Call-off stock arrangements and real-time reporting","link":"https:\/\/blog.summitto.com\/posts\/call_off_stock_arrangements_and_real_time_reporting\/","pubDate":"Thu, 10 Feb 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/call_off_stock_arrangements_and_real_time_reporting\/","description":"Introduction Real-time reporting solutions are spreading all over the European Union (EU). With more and more countries planning to introduce this technology, we wish to focus today on how real-time reporting affects call-off stock arrangements, predetermined movements of goods between EU Member States.\nIn order to quantify the advantage of real-time reporting in the context of call-off stock arrangements, we will first focus on the definition of such movements of goods, taking into account the latest developments on a EU level."},{"title":"Centralised vs. decentralised clearance","link":"https:\/\/blog.summitto.com\/posts\/centralised_vs_decentralised_clearance\/","pubDate":"Thu, 03 Feb 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/centralised_vs_decentralised_clearance\/","description":"Introduction Clearance is a central topic in the debate around real-time reporting. Some countries adopting this technology opted for a clearance model. We explained in a previous blogpost the meaning and functioning of clearance. Today we would like to dig deeper into the concept of clearance, highlighting the difference between centralised and decentralised clearance. In fact, clearance is not always the same. Some countries like Italy opted for a centralised clearance model, where all invoices have to be first approved by a central authority."},{"title":"VAT Talks - Luciana Marques Vieira da Silva Oliveira","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_luciana_vieira_brazil\/","pubDate":"Thu, 27 Jan 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_luciana_vieira_brazil\/","description":"Introduction In this episode of VAT talk, we discuss the VAT system in Brazil with Luciana Marques Vieira da Silva Oliveira. Come discover with us how the Brazilian VAT ecosystem works and the benefits produced by the introduction of a real-time reporting system. Luciana advises European countries which still do not have introduced a real-time reporting system to \u201cthink of a collective, integrated solution that uses the most modern technology\u201d."},{"title":"To clear, or not to clear, that is the question. Clearance: questions answered","link":"https:\/\/blog.summitto.com\/posts\/to_clear_or_not_clear_that_is_the_question_clearance_einvoicing\/","pubDate":"Thu, 20 Jan 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/to_clear_or_not_clear_that_is_the_question_clearance_einvoicing\/","description":"Introduction There is a lot of fuss about clearance in the VAT world nowadays, but the problem seems to be that not everyone is following the same definition. The Italian VAT reporting system (SdI) is considered as a clearance model, but so is the Mexican system, and yet there are many differences. In this blog post we will try to explain what it actually is.\nWhat is clearance? Clearance is one of the design options when thinking of the implementation of a real-time reporting model."},{"title":"VAT Talks - J\u0101nis Tauka\u010ds","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_j%C4%81nis_tauka%C4%8Ds\/","pubDate":"Thu, 13 Jan 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_j%C4%81nis_tauka%C4%8Ds\/","description":"Introduction We\u2019re starting the new year with a very exciting episode of VAT Talks as we had the honour to speak with J\u0101nis Tauka\u010ds! J\u0101nis is Partner at the Latvian Law Firm Sorainen, part of the EU VAT Club and has its own podcast Tax Stories. As Latvia is planning to introduce e-invoicing in 2025, it\u2019s an excellent time to have a discussion with J\u0101nis about Latvian VAT. J\u0101nis gives valuable insights into the Latvian VAT landscape and provides his view about developments regarding real-time reporting on the EU level."},{"title":"The future of EU VAT: questions to the GFV answered","link":"https:\/\/blog.summitto.com\/posts\/the_future_of_eu_vat_questions_to_the_gfv_answered\/","pubDate":"Thu, 06 Jan 2022 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_future_of_eu_vat_questions_to_the_gfv_answered\/","description":"Introduction Recently we discussed the outcome of the Group of the Future of VAT (GFV) meeting regarding Digital Reporting Requirements (DRR), such as real-time reporting. During the GFV meeting it was concluded that an EU DRR is the most feasible option in order to finally tackle the \u20ac134 billion VAT gap. However, several questions posed by the European Commission (EC) were unanswered during the meeting. In the following we will try to address these questions and hope that our view can add to the discussion."},{"title":"The future of EU VAT: analysis of the latest GFV meeting","link":"https:\/\/blog.summitto.com\/posts\/the_future_of_eu_vat_analysis_of_the_latest_gfv_meeting\/","pubDate":"Thu, 23 Dec 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_future_of_eu_vat_analysis_of_the_latest_gfv_meeting\/","description":"Introduction With an increasing number of EU Member States considering the implementation of real-time reporting, the European Commission is doing everything they can to harmonise this process as much as possible. Discussions between Member States and the EC are ongoing and a recently published summary of the meeting of the Group of the Future of VAT (GFV) in November provides a clear overview of the options that are now on the table."},{"title":"VAT Talks - Roland Ismer","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_roland_ismer\/","pubDate":"Thu, 16 Dec 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_roland_ismer\/","description":"Image: WiSo N\u00fcrnberg, FAU\nIntroduction In this episode of VAT talks, we speak with Roland Ismer, tax law professor at the university of Erlangen-Nuremberg and one of the most prominent VAT specialists in Germany. With Roland, we analyse the latest developments connected to VAT and real-time reporting in Europe and Germany, where the new government coalition led by chancellor Olaf Scholz is planning to introduce a VAT reporting system. Come discover with us his view on data protection and the concept of balance between the interests of a functioning tax administration and those of the taxpayers."},{"title":"Real-time reporting is coming to Germany: background and recommendations","link":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_is_coming_to_germany\/","pubDate":"Thu, 09 Dec 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_is_coming_to_germany\/","description":"Recently the winning parties of the German elections came to a coalition agreement. The SPD (social democrats), the B\u00fcndnis 90\/Die Gr\u00fcnen (greens) and the FDP (liberals) prepared a 177-page document to present their plans for a \u201cfree, just and sustainable\u201d Germany. And lucky for our readers they also talk about VAT! More specifically, they intend to implement real-time reporting: \u201cWe will introduce a uniform nationwide electronic reporting system as soon as possible, which will be used for the creation, checking and forwarding of invoices."},{"title":"Comparaison des mod\u00e8les de reporting en temps r\u00e9el","link":"https:\/\/blog.summitto.com\/posts\/comparaison_des_modeles_de_reporting_en_temps_reel\/","pubDate":"Thu, 02 Dec 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/comparaison_des_modeles_de_reporting_en_temps_reel\/","description":"Introduction De plus en plus de gouvernements d\u00e9battent actuellement autour de la meilleure solution de reporting en temps r\u00e9el. Par le biais de cet article, nous esp\u00e9rons appuyer les gouvernements en leur montrant diverses options de reporting en temps r\u00e9el. Dans ce qui suit, nous analyserons quatre solutions de reporting en temps r\u00e9el diff\u00e9rentes. Ensuite nous proc\u00e9derons \u00e0 la comparaison de celles-ci avec le syst\u00e8me d\u00e9velopp\u00e9 par summitto : TX++."},{"title":"VAT Talks - Rufino de la Rosa","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_rufino_de_la_rosa_ey\/","pubDate":"Thu, 25 Nov 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_rufino_de_la_rosa_ey\/","description":"Introduction We are extremely proud that in this episode of VAT Talks we spoke with one of the fathers of the first real-time reporting system in the European Union, Rufino de la Rosa. After setting up the Suministro de Informaci\u00f3n Inmediata (SII), Rufino is now Partner Global Compliance and Reporting at EY. During the interview we discussed the main functionalities of the SII, why the Spanish tax authority decided to implement such a system and how the implementation process looked like."},{"title":"EU VAT, quo vadis: the expert's advice to the European Commission","link":"https:\/\/blog.summitto.com\/posts\/eu_vat_quo_vadis_the_experts_advice_to_the_european_commission\/","pubDate":"Thu, 18 Nov 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/eu_vat_quo_vadis_the_experts_advice_to_the_european_commission\/","description":"Introduction As the European Commission is preparing its legislative proposal under the heading of \u201cVAT in the Digital Age\u201d for Q3 2022, we believe it might be a good time to share the advice experts provided to the European Commission throughout our VAT Talks series. We are very thankful that so many experts shared their views on VAT with us. This resulted in advice regarding the use of technology, the need to focus on harmonisation and simplification, and the importance of a continuous dialogue with the business community."},{"title":"Real-time reporting models compared","link":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_models_compared\/","pubDate":"Fri, 12 Nov 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_models_compared\/","description":"Introduction Many governments all over the world are currently deciding what type of real-time reporting system they want to implement. With this blog post we hope to assist these governments by showing various design options of real-time reporting. In the following we will analyse four different real-time reporting solutions after which we will compare those with summitto\u2019s own real-time reporting solution: TX++. We will explain that TX++ can achieve the same results as any other real-time reporting system, while at the same time:"},{"title":"Summitto\u2019s take on the European Parliament\u2019s report: how to reduce the VAT gap without increasing compliance costs?","link":"https:\/\/blog.summitto.com\/posts\/european_parliament_report_how_to_reduce_the_vat_gap_without_increasing_compliance\/","pubDate":"Thu, 04 Nov 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/european_parliament_report_how_to_reduce_the_vat_gap_without_increasing_compliance\/","description":"Introduction Recently the European Parliament published an excellent report discussing how to improve the exchange of information and compliance to reduce the VAT gap. In the following we will provide an overview of the main findings and analyse the conclusions made in the report. We\u2019ll start by discussing the size of the current VAT gap and the amount of VAT fraud committed on an annual basis.\nAt least \u20ac50 billion in VAT fraud every year The report rightfully states that it\u2019s difficult to estimate the VAT gap \u201cas by definition it involves the estimation of unobserved variables, such as the compliance rate."},{"title":"Analysis of different EU intra-Community transaction based reporting scenarios","link":"https:\/\/blog.summitto.com\/posts\/analysis_of_different_eu_intra-community_transaction_based_reporting_scenarios\/","pubDate":"Thu, 28 Oct 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/analysis_of_different_eu_intra-community_transaction_based_reporting_scenarios\/","description":"Introduction It\u2019s an exciting period for everyone who follows VAT news. Various countries are implementing a VAT system, others are introducing carbon taxes, while recently the e-commerce legislation in the EU went into force. All extremely interesting topics, but the most exciting of them all is the surge of real-time reporting! Multiple countries all over the world are currently in the process of implementing some variant of this tool to tackle VAT fraud."},{"title":"VAT Talks - Tiina Ruohola","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_tiina_ruohola\/","pubDate":"Thu, 21 Oct 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_tiina_ruohola\/","description":"Introduction In this week’s blog post, we had the pleasure to discuss VAT with Tiina Ruohola. Tiina is Senior Adviser Indirect Taxes at EK - Confederation of Finnish Industries and in that capacity also member of the VAT Expert Group. Learn everything about e-invoicing in Finland and what she believes is a correct balance regarding data sharing with the tax authority. She rightfully states that \u201call information required should always be reasonable and actually used, not just collected."},{"title":"Scalability of TX++: 2021 update","link":"https:\/\/blog.summitto.com\/posts\/scalability_of_tx++_2021_update\/","pubDate":"Thu, 14 Oct 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/scalability_of_tx++_2021_update\/","description":"Introduction In May 2020 we published an article about how many invoices summitto\u2019s real-time reporting system could handle. We showed that TX++ could already serve e.g. Italy (between 2 and 3 billion invoices per year)[1] and Spain (4.8 billion invoices per year).[2] At that moment in time our software could handle 700 transactions per second, which refers to a maximum of 22 billion invoices per year.\nIt is important for reporting systems to be future-proof, and to be able to handle changes in legislation and a growth in invoice usage."},{"title":"The advantages of real-time reporting through the eyes of the experts","link":"https:\/\/blog.summitto.com\/posts\/the_advantages_of_real-time_reporting_through_the_eyes_of_the_experts\/","pubDate":"Fri, 01 Oct 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_advantages_of_real-time_reporting_through_the_eyes_of_the_experts\/","description":"Introduction Real-time reporting is picking up pace in more and more countries in order to reduce VAT fraud and increase compliance. In our previous blog posts, we have highlighted many benefits of real-time reporting for businesses and tax authorities. This time, we want to take a different approach: we ask VAT experts.\nThrough our VAT talks, we have collected an incredible amount of precious information on real-time reporting developments, ways of implementation, its benefits and its weaknesses."},{"title":"How do EU Member States exchange VAT information: VIES, Intrastat, Eurofisc and TNA explained","link":"https:\/\/blog.summitto.com\/posts\/how_do_member_states_exchange_vat_information_vies_intrastat_eurofisc_tna_explained\/","pubDate":"Wed, 22 Sep 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/how_do_member_states_exchange_vat_information_vies_intrastat_eurofisc_tna_explained\/","description":"Introduction \u201cVAT fraud is a timing-issue\u201d as VAT Prof. Dr. Redmar Wolf said in one of our previous blog posts. Therefore, it is essential to rapidly exchange VAT data between Member States. Several obligations, systems and institutions were put into place to realise this rapid exchange of data. The wide variety of tools resulted, as often happens in the VAT world, in many abbreviations. In the following we will try to provide some clarity regarding: the VAT Information Exchange System (VIES), Intrastat, Eurofisc and the Transaction Network Analysis (TNA)."},{"title":"Risk without the benefits - Data minimisation is not the solution","link":"https:\/\/blog.summitto.com\/posts\/risk_without_benefits_data_minimisation_is_not_the_solution\/","pubDate":"Thu, 16 Sep 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/risk_without_benefits_data_minimisation_is_not_the_solution\/","description":"Introduction Data minimisation and the usage of metadata are being actively investigated by countries all over the world in relation to real-time reporting. The reason for their interest in such solutions lies in the need for more secure systems which may be more resilient regarding data leaks due to cyber attacks, human errors or even snoopy public officials. Although these systems may indeed require less data in order to perform the required tasks, they are not completely secure nor increase collection beyond what is possible with confidential systems."},{"title":"VAT Talks - Raul Zambrano & Vinicius Pimentel de Freitas","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_raul_zambrano_vinicius_pimentel_de_freitas_ciat\/","pubDate":"Thu, 09 Sep 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_raul_zambrano_vinicius_pimentel_de_freitas_ciat\/","description":"Introduction In this episode of VAT Talks we discuss VAT with Raul Zambrano (Director of Technical Assistance and Technology of the Inter-American Center of Tax Administrations at CIAT) and Vinicius Pimentel de Freitas (Tax Auditor of the State of Rio Grande do Sul (Brazil) and Coordinator of the Brazilian Electronic Invoice programs). Both are experts regarding the various implementations of e-invoicing\/real-time reporting in Latin America.\nRaul and Vinicius first of all emphasise that e-invoicing systems in Latin America \u201crequire sending information directly to the tax administration\u201d."},{"title":"Real-time reporting and corporate income tax fraud","link":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_and_corporate_income_tax_fraud\/","pubDate":"Thu, 26 Aug 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_and_corporate_income_tax_fraud\/","description":"In many of our articles, we have analysed the potential of real-time reporting in tackling VAT fraud while producing benefits for businesses. Nevertheless, real-time reporting systems can be a valuable tool also in the fight against corporate income tax fraud. In this article, we will better explain how this is made possible and what are the benefits for tax authorities and businesses.\nWhat is real-time reporting Real-time reporting is an innovative solution to tackle fraud and increase country revenues."},{"title":"VAT Talks - Andrea Parolini","link":"https:\/\/blog.summitto.com\/posts\/andrea_parolini_vat_talks\/","pubDate":"Thu, 19 Aug 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/andrea_parolini_vat_talks\/","description":"In this episode of VAT Talks we meet with Andrea Parolini, member of the VAT Expert Group. Andrea has an enormous experience in the VAT world, being a professor at the Catholic University of Milan and legal and economic adviser to the Italian government between 2014 and 2016, when the Italian Sistema di Interscambio (SDI) was conceived. Join us to discover how real-time reporting was developed in Italy and learn about its results so far."},{"title":"Two big lessons from summitto's VAT Talks regarding confidentiality","link":"https:\/\/blog.summitto.com\/posts\/lessons_learned_from_vat_talks_confidentiality\/","pubDate":"Thu, 12 Aug 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/lessons_learned_from_vat_talks_confidentiality\/","description":"Confidentiality has a special place in our discussions with VAT experts. We are aware of the potential impact of ransomware attacks and data breaches on the economic activity of businesses and entire countries. This is why we developed a confidential real-time reporting solution. We have seen that tax administrations are starting to reduce the amount of data they collect. Nevertheless, this could get them into a very difficult situation as the less data collected the less useful the system becomes."},{"title":"Real-time reporting and the definitive VAT system","link":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_the_definitive_vat_system\/","pubDate":"Thu, 05 Aug 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real-time_reporting_and_the_definitive_vat_system\/","description":"Introduction The latest European Commission, Fiscalis and VAT Expert Group meetings and the developments in multiple EU Member States show that real-time reporting (or Transaction-Based Reporting) is seen as the most feasible solution to VAT fraud. However, the idea of moving towards a definitive VAT system where the exemption on intra-Community VAT is removed, is also still being considered by the European Commission. In the following we will show that implementing one doesn\u2019t need to exclude the other and that both can be perfectly combined."},{"title":"Securitisation of future VAT income","link":"https:\/\/blog.summitto.com\/posts\/securitisation_of_future_vat_income\/","pubDate":"Fri, 30 Jul 2021 07:45:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/securitisation_of_future_vat_income\/","description":"Introduction Real-time reporting is on the rise around the world. While it\u2019s main goal is to tackle VAT fraud, there are many other applications of this tool. However, these applications depend on choices made during the design phase of real-time reporting. One of the major design choices to look at is whether the registered VAT data is made publicly verifiable. Previously we have shown that this can help businesses to e."},{"title":"Ransomware: impact on VAT","link":"https:\/\/blog.summitto.com\/posts\/ransomware_impact_on_vat\/","pubDate":"Thu, 15 Jul 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/ransomware_impact_on_vat\/","description":"Ransomware attacks are surging all over the world, becoming one of the biggest threats to our everyday lives. Taking actions against them is therefore crucial in order to spare high costs for businesses and to prevent disruptions of their economic activities. In the first part of this blogpost we discuss the impact of ransomware attacks on our society, following the latest attack on the American tech firm Kaseya on Friday, while in the second part we will analyse the potential of modern cryptography and decentralisation for preventing such attacks, mostly focusing on tax administrations."},{"title":"VAT Talks - Charles de Wet","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_charles_de_wet\/","pubDate":"Thu, 08 Jul 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_charles_de_wet\/","description":"We are honoured to have VAT expert Charles de Wet joining us on this episode of our VAT Talks. Charles has almost 30 years of experience in VAT across South Africa and Africa, which he gained in the South African Revenue Service, numerous positions within PwC and most recently at ENSafrica, Africa\u2019s biggest law firm. We are excited to hear more about his fascination regarding VAT and being taken on a journey of his favourite experiences in three decades."},{"title":"The Mexican model of real-time reporting part 2: The benefits and inherent issues of having a network of certified third parties","link":"https:\/\/blog.summitto.com\/posts\/mexican_model_real_time_reporting_part_2\/","pubDate":"Thu, 01 Jul 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/mexican_model_real_time_reporting_part_2\/","description":"In the first part of our overview of the Mexican network clearance model, we explained how the Mexican Tax Administration (SAT) implemented its Comprobante Fiscal Digital por Internet (CFDI), its XML e-invoicing format, in 2011. To validate and control the invoices, PAC entities (Proveedor Autorizado de Certificaci\u00f3n) are carrying out tax duties on behalf of the SAT. In the following article, we will review the benefits of having a network of certified third parties, and some of the inherent structural issues."},{"title":"The Mexican model of real-time reporting part 1: what is it?","link":"https:\/\/blog.summitto.com\/posts\/mexican_model_real_time_reporting_part_1\/","pubDate":"Wed, 23 Jun 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/mexican_model_real_time_reporting_part_1\/","description":"France is considering the \u2018Mexican\u2019 real-time reporting model. As it is not clear for every VAT practitioner what this model actually entails, we thought it would be interesting to take a deep dive into one of the pioneers of tax digitalisation: Mexico. The Mexican model, also referred to as the network clearance model, requires companies to send their invoices to certified third party service providers. These trusted third party service providers are responsible for controlling, approving and forwarding invoices."},{"title":"VAT Talks - Richard Asquith","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_richard_asquith\/","pubDate":"Fri, 18 Jun 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_richard_asquith\/","description":"We are honored to speak with Richard Asquith on this episode of our VAT Talks. He is an awarded VAT expert working as VP Global Indirect Tax at Avalara and writes the daily Avalara global blog that is read by over 1 million readers per year. Richard entered the VAT world because he was promised a calm work life but since he entered 30 years ago, his work life has been everything but calm."},{"title":"Cross-post German business association DMB: the benefits of real-time reporting systems for SMEs","link":"https:\/\/blog.summitto.com\/posts\/german_business_association_dmb_benefits_of_real_time_reporting_smes\/","pubDate":"Thu, 10 Jun 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/german_business_association_dmb_benefits_of_real_time_reporting_smes\/","description":"Introduction We are honored by this week\u2019s opportunity to publish an expert article through the German Association DMB, representing 24.000 German small- and medium-sized enterprises (SMEs). As more and more countries are implementing real-time reporting systems for VAT purposes, it is important to look at the implementation details. We highlight four characteristics that any real-time reporting system should have to ensure feasibility and advantages for businesses.\nFeel free to read the German version here: https:\/\/www."},{"title":"VAT Talks - Aleksandra Bal","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_aleksandra_bal\/","pubDate":"Thu, 03 Jun 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_aleksandra_bal\/","description":"Summary\nWe are honoured that VAT expert Aleksandra Bal wanted to join us on this episode of VAT Talks. Aleksandra has years of experience in both the field of taxation and technology. Besides being fluent in multiple programming languages, she holds a PhD in International Taxation as well as other degrees. Luckily for us, she loves to share her knowledge! In the following Aleksandra first explains what she finds so interesting about VAT and that by now \u201ctechnology is indispensable for the operation of any VAT system\u201d, because it\u2019s almost not possible to comply without using it."},{"title":"The relationship between real-time reporting and e-invoicing","link":"https:\/\/blog.summitto.com\/posts\/the_relationship_between_real_time_reporting_and_e_invoicing\/","pubDate":"Thu, 27 May 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_relationship_between_real_time_reporting_and_e_invoicing\/","description":"Often confused, e-invoicing and real-time reporting mechanisms are, nonetheless, distinct and entailing specific services. While e-invoicing refers to the exchange of an invoice in a structured, computer readable data format, allowing its automatic and electronic processing;[1] real-time reporting refers to the reporting of relevant invoice data to the tax authority.[2] Although both mechanisms can be implemented hand-in-hand, they can also be successful on their own.\nIn the following, we will explain the difference between real-time reporting and e-invoicing and how they relate to each other."},{"title":"Real-time reporting: increase competitiveness through easier compliance","link":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_increase_competitiveness_through_easier_compliance\/","pubDate":"Tue, 18 May 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_increase_competitiveness_through_easier_compliance\/","description":"Complying with all regulatory requirements sometimes seems to be a burden whose only effect is to slow down businesses\u2019 efficiency. Managing the VAT quarterly payments, filing for VAT returns, and constantly producing invoices can be stressful and time-consuming tasks. Nevertheless, modern technology can help businesses to comply with the VAT requirements while also increasing their competitiveness.\nThe process of the digitalisation of taxation is having a relevant impact on the time required for VAT compliance all over the world."},{"title":"Vers un syst\u00e8me de TVA interop\u00e9rable sur le march\u00e9 commun","link":"https:\/\/blog.summitto.com\/posts\/vers_un_systeme_de_tva_interoperable_sur_le_marche_commun\/","pubDate":"Thu, 06 May 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vers_un_systeme_de_tva_interoperable_sur_le_marche_commun\/","description":"Nous avons pr\u00e9c\u00e9demment expliqu\u00e9 comment notre syst\u00e8me de reporting en temps r\u00e9el peut clore l\u2019\u00e9cart de TVA et r\u00e9duire la fraude sans collecter les donn\u00e9es de facturation des entreprises. Notre m\u00e9canisme partage des similarit\u00e9s avec les syst\u00e8mes de reporting en temps r\u00e9el (i.e. au fil de l\u2019eau) pr\u00e9existants, qui sont en voie de se g\u00e9n\u00e9raliser dans l\u2019Union europ\u00e9enne (UE). Nous sommes en faveur de cette augmentation car nous sommes convaincus que le reporting a fait ses preuves en tant qu\u2019excellent outil pour r\u00e9duire l\u2019\u00e9cart de TVA."},{"title":"A boost for modern technologies in real-time reporting systems - given by the German Bundesrechnungshof","link":"https:\/\/blog.summitto.com\/posts\/a_boost_for_modern_technologies_real_time_reporting_bundesrechnungshof\/","pubDate":"Thu, 29 Apr 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/a_boost_for_modern_technologies_real_time_reporting_bundesrechnungshof\/","description":"SUMMARY\nReal-time reporting systems, in which companies are required to register their invoices with the tax authority, experience a big political push across the globe. By now it is not a question of if, but of when and how real-time reporting systems will be implemented by other states. Thus, focus needs to shift towards design requirements. Very recently, a clear recommendation has been made by the German Bundesrechnungshof: real-time reporting should be connected to blockchain technology to ensure timely and authentic data."},{"title":"Microsoft data breach: what we should learn from it","link":"https:\/\/blog.summitto.com\/posts\/microsoft_data_breach_what_we_should_learn_from_it\/","pubDate":"Thu, 22 Apr 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/microsoft_data_breach_what_we_should_learn_from_it\/","description":"Several thousands of organisations all over the world that make use of Microsoft\u2019s Exchange Servers, are being hit by a gigantic cyberattack. The breach started in January 2021 but it became public only in March. According to Microsoft, hackers from China are making use of vulnerabilities in the company\u2019s Exchange Servers in order to gain information about national security services, schools and businesses[1]. After becoming aware of the attack, Microsoft responded by providing security updates for its email providers."},{"title":"Real-time reporting and monitoring economic activity in a confidential way","link":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_and_monitoring_economic_activity\/","pubDate":"Thu, 15 Apr 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/real_time_reporting_and_monitoring_economic_activity\/","description":"Closing the VAT gap, data protection and digitalisation. These are just a couple of the advantages of summitto\u2019s real-time reporting software we have outlined in previous blog posts. In this blog post we will add yet another benefit to the list: monitoring economic activity. This can be used to develop forecasts and e.g. determine which economic sector is hit hardest by the COVID-19 crisis. This additional benefit is actually one of the reasons why real-time reporting can even be interesting for a country that does not have an excessive VAT gap."},{"title":"Fonction de hachage appliqu\u00e9e \u00e0 la facturation \u00e9lectronique : s\u00e9curiser la digitalisation fiscale gr\u00e2ce \u00e0 la cryptographie ","link":"https:\/\/blog.summitto.com\/posts\/fonction_de_hachage_facturation_electroniques_la_digitalisation_fiscale\/","pubDate":"Fri, 09 Apr 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/fonction_de_hachage_facturation_electroniques_la_digitalisation_fiscale\/","description":"Comme nous l\u2019avons expliqu\u00e9 dans nos articles pr\u00e9c\u00e9dents, l\u2019impl\u00e9mentation d\u2019un syst\u00e8me de reporting en temps r\u00e9el a le potentiel de r\u00e9duire la fraude \u00e0 la TVA sans avoir besoin de collecter une large quantit\u00e9 de donn\u00e9es. En optant pour un syst\u00e8me o\u00f9 la confidentialit\u00e9 des donn\u00e9es est au c\u0153ur des pr\u00e9occupations, les entreprises auraient toujours besoin de transmettre leurs donn\u00e9es de facturation. Cependant, plut\u00f4t que de collecter et stocker leurs donn\u00e9es en \u00ab texte brut \u00bb, c\u2019est-\u00e0-dire lisible, dans un syst\u00e8me centralis\u00e9, accessible en permanence par le personnel autoris\u00e9 pour effectuer des contr\u00f4les, il est possible d\u2019effectuer ses m\u00eames contr\u00f4les \u00e0 partir de donn\u00e9es chiffr\u00e9es."},{"title":"VAT Talks - Branislav Kov\u00e1\u010d","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_branislav_kovac_vgd_slovakia\/","pubDate":"Thu, 01 Apr 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_branislav_kovac_vgd_slovakia\/","description":"Summary\nIn this episode of VAT Talks we speak with Branislav Kovac. Branislav is a tax partner at VGD Slovakia, a Bratislava based advisory company. In the following Branislav will explain how Slovakia achieved to significantly decrease the VAT gap during the last few years. Nevertheless, he also points out that the VAT gap is still at 20%. Therefore, the Slovak government is planning to implement real-time reporting. Branislav argues that real-time reporting is a valuable tool to further reduce the VAT gap but it should not come with additional burdens for businesses."},{"title":"Vid\u00e9o explicative de summitto","link":"https:\/\/blog.summitto.com\/posts\/video_explicative_de_summitto\/","pubDate":"Tue, 30 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/video_explicative_de_summitto\/","description":"Le reporting en temps r\u00e9el est une technologie relativement r\u00e9cente et parfois difficile \u00e0 cerner. Afin d\u2019expliquer au mieux les caract\u00e9ristiques de notre solution, TX++, nous avons pr\u00e9par\u00e9 une vid\u00e9o explicative, r\u00e9capitulant les informations essentielles relatives \u00e0 la transmission de donn\u00e9es.\nC\u2019est en Am\u00e9rique latine que le reporting en temps r\u00e9el a vu le jour. Les r\u00e9sultats \u00e9tant plus qu\u2019encourageants, cette technologie a \u00e9t\u00e9 import\u00e9e en Europe. Ainsi, l\u2019Italie, l\u2019Espagne et la Hongrie ont \u00e9t\u00e9 parmi les premiers utilisateurs du reporting sur le Vieux continent."},{"title":"Digitalisation de la fiscalit\u00e9 : pourquoi opter pour le reporting en temps r\u00e9el ?","link":"https:\/\/blog.summitto.com\/posts\/digitalisation_de_la_fiscalite_le_reporting_en_temps_reel\/","pubDate":"Wed, 24 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/digitalisation_de_la_fiscalite_le_reporting_en_temps_reel\/","description":"La digitalisation fiscale est au centre des d\u00e9bats politiques en Europe. Le Conseil de l’Union europ\u00e9enne, pr\u00e9sid\u00e9 actuellement par le Portugal, a annonc\u00e9 accorder la priorit\u00e9 aux initiatives li\u00e9es \u00e0 \u00ab la transformation digitale des entreprises et des plateformes, dans les domaines du e-commerce, des paiements en ligne et de la fiscalit\u00e9 \u00bb durant son mandat[1]. Afin de d\u00e9montrer les avantages associ\u00e9s \u00e0 la digitalisation de la fiscalit\u00e9, aussi bien pour les entreprises que les gouvernements, nous allons passer en revue les m\u00e9canismes qui y sont li\u00e9s."},{"title":"VAT Talks - Piotr Arak","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_piotr_arak_polish_economic_institute\/","pubDate":"Mon, 22 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_piotr_arak_polish_economic_institute\/","description":"Summary\nPoland is one of the most innovative countries in the EU when it comes to closing the VAT gap. We are pleased to discuss Poland\u2019s VAT landscape with Piotr Arak, Director of the Polish Economic Institute. He tells us that by implementing stricter measures, Poland was able to reduce its VAT gap from 24.7% in 2015 to 8% to 9% in 2020. During this time frame, it introduced a Split Payment scheme, a Single Audit File for Tax (SAF-T) and the technical system STIR that sends real-time data from businesses to tax authorities."},{"title":"Le prix \u00e0 payer pour une faille de s\u00e9curit\u00e9 - Le cas des services publics fran\u00e7ais","link":"https:\/\/blog.summitto.com\/posts\/le_prix_a_payer_pour_une_faille_de_securite\/","pubDate":"Tue, 16 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/le_prix_a_payer_pour_une_faille_de_securite\/","description":"H\u00f4pitaux paralys\u00e9s, entreprises \u00e0 l\u2019arr\u00eat, villes et agglom\u00e9rations immobilis\u00e9es, les actualit\u00e9s de ces derni\u00e8res semaines en France relatent de nombreux incidents de cybers\u00e9curit\u00e9. Malheureusement, ces actualit\u00e9s ne datent pas d\u2019hier. Depuis le milieu des ann\u00e9es 2010, les cybermenaces ne cessent d\u2019augmenter et le modus operandi des cybercriminels se professionnalise.[1] Leurs port\u00e9es et nombre se sont vus amplifi\u00e9s avec la pand\u00e9mie de Covid-19 et ne semblent pas \u00eatre en voie de s\u2019arr\u00eater."},{"title":"The EC consultation 'Mind the VAT Gap': a brief summary of the proposals","link":"https:\/\/blog.summitto.com\/posts\/the_ec_consultation_mind_the_vat_gap_a_brief_summary\/","pubDate":"Fri, 12 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_ec_consultation_mind_the_vat_gap_a_brief_summary\/","description":"The VAT gap in the European Union (EU) is expected to increase to \u20ac164 billion in 2020 due to the Covid-19 pandemic.[1] Confronted with this situation of emergency, the European Commission (EC) has placed the reduction of the VAT gap high on its agenda in order to provide Member States with additional fundings to tackle the economic crisis. The \u201cMind the VAT gap\u201d initiative of the European Commission aims at promoting projects at the level of tax authorities that have proven to be effective in significantly reducing the VAT gap."},{"title":"L'av\u00e8nement du reporting confidentiel en temps r\u00e9el","link":"https:\/\/blog.summitto.com\/posts\/l_avenement_du_reporting_confidentiel_en_temps_reel\/","pubDate":"Thu, 11 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/l_avenement_du_reporting_confidentiel_en_temps_reel\/","description":"Dans le cadre de la mise en place de l\u2019article 153 de la loi de finances pour 2020, une solution mixte, s\u2019appuyant sur l\u2019e-invoicing et l\u2019e-reporting, a \u00e9t\u00e9 envisag\u00e9e par le minist\u00e8re de l\u2019\u00c9conomie, des Finances et de la Relance et la Direction g\u00e9n\u00e9rale des Finances publiques. Dans cet article, nous allons vous expliquer en quoi notre syst\u00e8me de reporting en temps r\u00e9el (TX++) se d\u00e9marque d\u2019autres dispositifs similaires. La diff\u00e9rence majeure r\u00e9side dans l\u2019introduction du concept de confidentialit\u00e9 totale, prot\u00e9geant ainsi les donn\u00e9es que les contribuables transf\u00e8rent \u00e0 l\u2019administration fiscale."},{"title":"Le pilote informatique de la solution de reporting en temps r\u00e9el de summitto prend d\u00e9sormais en charge les transactions intracommunautaires !","link":"https:\/\/blog.summitto.com\/posts\/pilote_reporting_en_temps_reel_de_summitto_les_transactions_intracommunautaires\/","pubDate":"Mon, 08 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/pilote_reporting_en_temps_reel_de_summitto_les_transactions_intracommunautaires\/","description":"Il n\u2019y a pas si longtemps que \u00e7a, nous lancions notre premier pilote informatique de reporting en temps r\u00e9el. Il est d\u00e9sormais temps d\u2019annoncer la premi\u00e8re mise \u00e0 jour de notre syst\u00e8me ! \u00c0 partir d\u2019aujourd\u2019hui, notre pilote prendra en charge les transactions intracommunautaires !\nDans cet article, nous vous expliquerons en quoi cette mise \u00e0 jour est importante vis-\u00e0-vis des \u00e9volutions r\u00e9centes en mati\u00e8re de TVA dans l\u2019Union europ\u00e9enne."},{"title":"Summitto\u2019s real-time reporting pilot now supports EU intra-Community transactions!","link":"https:\/\/blog.summitto.com\/posts\/summittos_real-time_reporting_pilot_now_supports_eu_intra-community_transactions\/","pubDate":"Tue, 02 Mar 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/summittos_real-time_reporting_pilot_now_supports_eu_intra-community_transactions\/","description":"Recently we published our very first publicly accessible real-time reporting pilot and now it\u2019s time to present our first updated version of this tool. From today onwards, our pilot also supports EU intra-Community transactions!\nIn the following we will explain why this is such a relevant addition to our pilot, diving deeper into the latest VAT developments in the EU. However, if you already know why this is the case and you just want to try it out, go directly to: https:\/\/portal."},{"title":"VAT Talks - Paul Gisby","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_paul_gisby\/","pubDate":"Fri, 26 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_paul_gisby\/","description":"Summary\nIn this episode of VAT Talks we speak with Paul Gisby. Paul is Senior Manager at Accountancy Europe, a Brussels based organisation uniting 50 professional bodies that represent nearly 1 million accountants. We first discussed the benefits of digitalisation. Paul argues that although such a transition might come with short term cost, in the long term \u201cpaper based systems are obsolete, inefficient and not robust for the circumstances that we have experienced in the last year\u201d."},{"title":"Analyse d\u2019une fraude fiscale \u00e0 9 millions d\u2019euros","link":"https:\/\/blog.summitto.com\/posts\/analyse_d_une_fraude_fiscale_a_9_millions_d_euros\/","pubDate":"Tue, 16 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/analyse_d_une_fraude_fiscale_a_9_millions_d_euros\/","description":"R\u00e9cemment, une collaboration entre le Service d\u2019Information et d\u2019Investigations Fiscales n\u00e9erlandais (FIOD) et l\u2019Unit\u00e9 de Coop\u00e9ration Judiciaire de l’Union europ\u00e9enne (Eurojust) a r\u00e9ussi \u00e0 mettre fin \u00e0 une fraude fiscale colossale ! En effet, entre 2017 et 2020, les fraudeurs ont r\u00e9ussi \u00e0 soutirer \u00e0 l\u2019Etat n\u00e9erlandais pr\u00e8s de 9 millions d\u2019euros![1] Dans cet article, nous allons vous guider pas-\u00e0-pas \u00e0 travers les diff\u00e9rentes \u00e9tapes qui ont permis aux fraudeurs d\u2019exploiter les failles du syst\u00e8me."},{"title":"Reconstructing a \u20ac9 million VAT fraud scheme","link":"https:\/\/blog.summitto.com\/posts\/reconstructing_a_9_million_vat-_fraud_scheme\/","pubDate":"Tue, 16 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/reconstructing_a_9_million_vat-_fraud_scheme\/","description":"Recently, the Dutch Fiscal Information and Investigation Service (FIOD), together with the help of Eurojust, stopped an enormous VAT fraud scheme, kudos for the work done! The fraudsters defrauded the Dutch tax authority for \u20ac9 million between 2017 and 2020.[1] In this blog post we try to reconstruct the VAT fraud scheme. Important to note is that we\u2019re basing our research on publicly available resources only. Therefore, it might be possible that we miss some links within the fraudulent value chain."},{"title":"How to use summitto\u2019s real-time reporting tool?","link":"https:\/\/blog.summitto.com\/posts\/how_to_use_summittos_real-time_reporting_tool\/","pubDate":"Thu, 11 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/how_to_use_summittos_real-time_reporting_tool\/","description":"Last week, we made our pilot programme publicly available which allows anyone with a computer to report invoices to summitto\u2019s real-time reporting systeem. We already briefly discussed how the pilot works in a previous blog post, but in this blog post we will provide some more detailed information on how to use the pilot!\nWhy is summitto\u2019s real-time reporting also relevant for you? More and more countries are implementing real-time reporting systems to close the VAT gap and streamline business processes."},{"title":"The digitalisation of VAT: how real-time reporting can help","link":"https:\/\/blog.summitto.com\/posts\/the_digitalisation_of_vat_how_real-time_reporting_can_help\/","pubDate":"Thu, 04 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/the_digitalisation_of_vat_how_real-time_reporting_can_help\/","description":"The digitalisation of VAT is currently high on the EU political agenda. For example, the current president of the Council of the European Union, Portugal, will prioritise initiatives related to \u201cthe digital transformation of businesses and digital platforms, to the areas of e-commerce, payments and taxation\u201d.[1] In this blog post we will dive deeper into the digitalisation of VAT in specific and show the benefits of digitalisation for both businesses and governments."},{"title":"Summitto\u2019s real-time reporting pilot is now publicly available!","link":"https:\/\/blog.summitto.com\/posts\/summittos_real-time_reporting_pilot_is_now_publicly_available\/","pubDate":"Mon, 01 Feb 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/summittos_real-time_reporting_pilot_is_now_publicly_available\/","description":"Report invoices yourself now! https:\/\/portal.summitto.com\nOver the last couple of years, we have spoken to governments, business associations and taxpayers in different parts of the world. We were even honoured to present our solution as keynote speakers to the European Commission at the \u2018VAT in the Digital Age\u2019 conference. Furthermore, we published articles, written explanatory blog posts and spoke to dozens of VAT experts. Some of them were even willing to share their knowledge in our blog series VAT Talks."},{"title":"VAT Talks - Peter Potters","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_peter_potters\/","pubDate":"Thu, 21 Jan 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_peter_potters\/","description":"In this episode of VAT Talks we speak with Peter Potters, Chief Commercial Officer and Co-owner of the Dutch bookkeeping software provider Informer. As Informer is one of the most innovative bookkeeping software providers in the Netherlands, Peter is the perfect person to discuss the latest industry developments with. In the following we discuss why Peter decided to join Informer after 20 years of working with Unilever, why there are still not many companies in the Netherlands that make use of e-invoicing and why we should be very careful when it comes to sharing data with governments."},{"title":"Why the protection of invoice information is important, even from your own government","link":"https:\/\/blog.summitto.com\/posts\/why_protection_of_invoice_information_is_important\/","pubDate":"Fri, 15 Jan 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/why_protection_of_invoice_information_is_important\/","description":"There is an even bigger threat to your invoice information you are not yet aware of, even if no public security hacks have been reported.\nBoth on our blog and on our Twitter account, we often stress the importance of data security. Failures of this security can lead to data breaches which can result in significant costs for companies. This is especially relevant when we are talking about invoice information, as this contains pricing information."},{"title":"Discussion sur la TVA - Cyrille Sautereau (sommaire fran\u00e7ais)","link":"https:\/\/blog.summitto.com\/posts\/discussion_sur_la_tva_cyrille_sautereau_sommaire_francais\/","pubDate":"Fri, 08 Jan 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/discussion_sur_la_tva_cyrille_sautereau_sommaire_francais\/","description":"Cyrille Sautereau poss\u00e8de une grande exp\u00e9rience dans le secteur de la facturation \u00e9lectronique. Par exemple, il a cr\u00e9\u00e9 une des premi\u00e8res entreprises fran\u00e7aises qui offre les services de facturation \u00e9lectronique (Deskom, d\u00e9sormais Cegedim). Dans cet article, il donne une explication d\u00e9taill\u00e9e du paysage de la facturation \u00e9lectronique en France, montrant que encore seulement 10% \u00e0 15% de toutes les factures sont \u00e9lectronique sous forme structur\u00e9e, ce qui fait illustre d\u2019autant plus l’importance d\u2019une obligation r\u00e9glementaire de passer \u00e0 la facturation \u00e9lectronique inter-entreprises."},{"title":"VAT Talks - Cyrille Sautereau","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_cyrille_sautereau\/","pubDate":"Fri, 08 Jan 2021 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_cyrille_sautereau\/","description":"After we discussed the plans to implement mandatory e-invoicing in France with Laurent Poigt, in this episode of VAT Talks we speak with Cyrille Sautereau, chair of the Forum National de la Facturation \u00c9lectronique et des March\u00e9s Publics \u00c9lectroniques (FNFE-MPE) and CEO of ADMAREL Conseil.\nExecutive summary\nCyrille Sautereau has vast experience in the e-invoicing sector, creating one of the first e-invoicing service providers in France (Deskom). In this article he first gives a detailed explanation of the e-invoicing landscape of France, showing that still only around 10% of all invoices are \u2018fully structured e-invoices\u2019 which shows the importance of the upcoming mandatory e-invoicing regime."},{"title":"The Future of VAT part 2. Q&A Fiscalis Workshop","link":"https:\/\/blog.summitto.com\/posts\/fiscalis_transaction_based_reporting_answers\/","pubDate":"Wed, 23 Dec 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/fiscalis_transaction_based_reporting_answers\/","description":"Previously we analysed the outcomes of the Fiscalis workshop where real-time reporting was discussed. We showed how summitto\u2019s solution could help solve many issues that were raised during the workshop. However, some questions remained which were posed to the VAT Expert Group (VEG). With this blog post, we hope we can help by providing feedback on these questions. In the following we try to answer questions around (1) design, (2) harmonisation, (3) transmission of the invoices and (4) benefits for business."},{"title":"VAT Talks - Kelvin Hulsebos","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_kelvin_hulsebos\/","pubDate":"Fri, 11 Dec 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_kelvin_hulsebos\/","description":"At summitto, we start our day with a fresh shot of VAT news via VAT Update. We\u2019re sure that a lot of VAT professionals developed the same ritual. That\u2019s why we\u2019re very pleased to be able to discuss VAT with one of the founders of VAT Update, Kelvin Hulsebos! In this episode of VAT Talks we spoke about VAT Update, the latest VAT news and real-time reporting in the European Union."},{"title":"The Future of VAT. An Analysis of the European Commission\u2019s Fiscalis Workshop meeting","link":"https:\/\/blog.summitto.com\/posts\/fiscalis_transaction_based_reporting\/","pubDate":"Thu, 03 Dec 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/fiscalis_transaction_based_reporting\/","description":"Real-time reporting, Continuous Transaction Controls (CTC), Transaction based reporting (TBR). Whatever you want to call it, it\u2019s a hot topic! We recently saw many countries implementing such systems, with France being the latest European Union (EU) Member State to decide so. Furthermore, real-time reporting is also high on the agenda of the European Commission (EC) as one could have read in July\u2019s Tax Package.[1] The publication of the results of the latest Fiscalis[2] workshop makes this even more clear."},{"title":"VAT Talks - Laurent Poigt","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_laurent_poigt\/","pubDate":"Wed, 25 Nov 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_laurent_poigt\/","description":"This episode of VAT Talks is all about France. Recently the French tax authority released a report \u2018VAT in the Digital Age\u2019 in which the method of implementation of mandatory e-invoicing combined with e-reporting is proposed. The decision of the French government shows once more that real-time reporting is quickly becoming the standard throughout the European Union and the world. We\u2019re honoured that Laurent Poigt, Partner in the VAT team of PwC Soci\u00e9t\u00e9 d’Avocats, took the time to analyse the report with us."},{"title":"VAT Talks - Michel Schrauwen & Oscar Smeets","link":"https:\/\/blog.summitto.com\/posts\/deloitte\/","pubDate":"Thu, 19 Nov 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/deloitte\/","description":"In today\u2019s episode of VAT Talks we discuss digital reporting requirements (summitto\u2019s confidential real-time reporting system falls under this umbrella term) with Michel Schrauwen, Managing Partner Indirect Taxes at Deloitte, and Oscar Smeets, Senior Manager Indirect Tax at Deloitte and lecturer at Tilburg University. Together they wrote an excellent article about the potential benefits of digital reporting requirements for the Netherlands, cautiously concluding that the Dutch government could save at least \u20ac1."},{"title":"One single EU market: towards an interoperable EU VAT system","link":"https:\/\/blog.summitto.com\/posts\/interoperability\/","pubDate":"Thu, 12 Nov 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/interoperability\/","description":"In previous blog posts we explained how our real-time reporting system (sometimes called CTC system) is able to reduce VAT fraud and close the VAT gap without collecting any actual invoice data. Our system has many similarities to existing real- and near-time reporting systems (after this referred to as a \u2018reporting system\u2019), which an increasing number of EU Member States are implementing. We support this development as we believe that reporting has really proved to be an excellent tool to close the VAT gap."},{"title":"Introduction to invoice hashing: securing VAT reporting with cryptography","link":"https:\/\/blog.summitto.com\/posts\/invoice_fingerprints\/","pubDate":"Mon, 26 Oct 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/invoice_fingerprints\/","description":"Previously, we explained that real-time invoice reporting systems can tackle VAT fraud without collecting massive amounts of data. Companies will still need to register invoices, but instead of storing the data in “plain text” at a centralized location, always accessible to authorized personnel, VAT fraud can be detected even if the data is encrypted. An essential part of confidential real-time invoice reporting is that instead of storing invoice data itself, a unique fingerprint can be created of the invoice using so-called cryptographic hashing."},{"title":"VAT Talks - Gerard Bottemanne","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_gerard_bottemanne\/","pubDate":"Fri, 09 Oct 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_gerard_bottemanne\/","description":"In this episode of VAT talks we speak with Gerard Bottemanne. Gerard has been conducting research into accounting software and related subjects for years. One of those subjects is e-invoicing, something that is very relevant in the realm of VAT as we briefly discussed in a previous blogpost. In this blogpost we discuss the latest development of e-invoicing in the Netherlands and the EU, the importance of harmonisation and the role of Peppol in this regard."},{"title":"VAT Talks - Fabiola Annacondia","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_fabiola_annacondia\/","pubDate":"Fri, 25 Sep 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_fabiola_annacondia\/","description":"We are celebrating the 10th episode of VAT Talks with Fabiola Annacondia! Fabiola is the Editor of IBFD\u2019s International VAT Monitor and of the EU VAT Compass book, as well as the Cluster Manager for the VAT courses offered by IBFD International Tax Training. Furthermore, she gives courses and publishes regularly on a wide variety of VAT-related topics. In recent years, she has presented at OECD workshops in China, South Korea and Mexico and she speaks regularly at VAT conferences around the world on different VAT related topics."},{"title":"European Commission projects a 17% increase of the VAT gap in 2020","link":"https:\/\/blog.summitto.com\/posts\/vat_gap_increase\/","pubDate":"Fri, 11 Sep 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_gap_increase\/","description":"On September 10th the European Commission published its annual VAT gap report. The report shows that the European Union Member States lost a total of \u20ac140 billion in VAT in 2018. Even more worrisome is the forecast that those same Member States will lose a total of \u20ac164 billion in VAT over 2020 due to the COVID-19 pandemic. Luckily there is also positive news as Commissioner Gentiloni is planning to \u2018step up the fight against VAT fraud\u2019."},{"title":"How to make deterministic PGP keys","link":"https:\/\/blog.summitto.com\/posts\/deterministic_pgp_deep_post\/","pubDate":"Mon, 07 Sep 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/deterministic_pgp_deep_post\/","description":"In our last post, we discussed why we built a new PGP key generation. In today’s article, we’ll share a step-by-step guide on how to generate, use and store the PGP keys in a manner which is as secure and resilient as possible.\nThis guide is inspired by the Glacier Protocol [1], which offers an extensive guideline on how to generate Bitcoin keys from your own source of entropy. The cryptocurrency community developed a suite of technologies and ideas to improve handling cryptographic keys."},{"title":"State-level security with deterministic PGP keys","link":"https:\/\/blog.summitto.com\/posts\/deterministic_keys_pgp_howto\/","pubDate":"Fri, 28 Aug 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/deterministic_keys_pgp_howto\/","description":"summitto released an open source software library and utility:\nhttps:\/\/github.com\/summitto\/pgp-packet-library\nhttps:\/\/github.com\/summitto\/pgp-key-generation\nThese allow anyone to easily generate secure PGP keys with excellent support to backup your keys. In this article, we provide a brief but dense explanation of why we chose to build this. In the next post we will explain to you in depth how to use it.\nPretty Good Privacy PGP stands for Pretty Good Privacy. Originally created in 1991, it is a protocol with a rich history."},{"title":"VAT Talks - Christiaan van der Valk ","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_christiaan_van_der_valk\/","pubDate":"Fri, 14 Aug 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_christiaan_van_der_valk\/","description":"In the ninth episode of VAT Talks, we discuss VAT with Christiaan van der Valk. We are very happy that Christiaan showed us the other side of tax law, the company side. Christiaan Van Der Valk is vice president, strategy. Elected a World Economic Forum Global Leader for Tomorrow in 2000, Christiaan is an internationally recognized voice on e-business strategy, law, policy, best practice and commercial issues. Formerly co-founder and president of Trustweaver (acquired by Sovos), Christiaan also holds long-standing leadership roles at the International Chamber of Commerce (ICC) and the European E-invoicing Service Providers Association (EESPA)."},{"title":"VAT Talks - Ksenija Cipek","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_ksenija_cipek\/","pubDate":"Thu, 06 Aug 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_ksenija_cipek\/","description":"In this episode of VAT Talks we discuss how Croatia combats tax fraud and how technology can help to detect this fraud with Dame of Honour Ksenija Cipek. Ksenija is Head for Tax Risk Analysis at the Ministry of Finance, Tax Administration, Republic of Croatia, Member of the OECD Group Harmful Tax Practices, Lecturer at the faculty of Law at the University of Zagreb, Member of the Government Blockchain Association (GBA) and member of the Blockchain Chamber of Commerce (US)."},{"title":"#MoreOnionsPorfavor - Our website is now reachable via Tor","link":"https:\/\/blog.summitto.com\/posts\/more_onions_porfavour\/","pubDate":"Tue, 28 Jul 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/more_onions_porfavour\/","description":"We care deeply about user privacy and anonymity on the web. Privacy by design is one of the things in our DNA, and we’re happy to say that our website is now live on the Tor network as part of the Tor Projects #MoreOnionsPorfavor campaign!\nThe Tor Project develops privacy enhancing technologies to protect and advance human rights. We share the same values and you can see this also in our solution and approach to fight VAT fraud."},{"title":"VAT Talks - Marie Lamensch","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_marie_lamensch\/","pubDate":"Thu, 23 Jul 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_marie_lamensch\/","description":"For this episode of VAT Talks we had the honour to speak with Marie Lamensch. Marie Lamensch is Professor of Taxation at the Universit\u00e9 Catholique de Louvain (UCLouvain) and the Free University of Brussels (VUB) and a lawyer at the Brussels Bar. She is a member of the VAT expert group of the EC and academic adviser for the Organisation for Economic Co-operation and Development (OECD) and the World Customs Organisation."},{"title":"VAT Talks - Madeleine Merkx","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_madeleine_merkx\/","pubDate":"Thu, 16 Jul 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_madeleine_merkx\/","description":"In this episode of VAT Talks we discuss VAT with Madeleine Merkx. Madeleine is Partner at the tax research center of BDO and Professor of Indirect Taxes at the Erasmus University of Rotterdam. Learn why Madeleine fell in love with VAT at first sight, what she thinks about (real-time) invoice reporting and why tax experts and technology experts should exchange knowledge more often.\nFor how long have you been working in VAT and how did you end up in this field of work?"},{"title":"VAT Talks - Marinus Peters","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_marinus_peters\/","pubDate":"Thu, 09 Jul 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_marinus_peters\/","description":"In this episode of VAT Talks we\u2019ll be looking at the practical side of VAT with Marinus Peters, partner at INSynQ. Marinus has many years of experience in assisting companies with the implementation of SAP systems and enables them to improve their business processes. Learn more about SAP, why Marinus believes that more countries will introduce an invoice reporting system and why the European Union should prioritise the harmonisation of VAT legislation."},{"title":"Real-time invoice reporting vs confidential real-time invoice reporting","link":"https:\/\/blog.summitto.com\/posts\/invoice_reporting_vs_confidential_reporting\/","pubDate":"Thu, 02 Jul 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/invoice_reporting_vs_confidential_reporting\/","description":"Previously, we explained why our blockchain based real-time invoice reporting system can be easily scaled to almost the entire EU and why it does not require more energy than any other invoice reporting system. In this blog post, we\u2019ll explain why summitto\u2019s invoice reporting system is different from a \u2018regular\u2019 invoice reporting system. One of the most important reasons is that our system guarantees the confidentiality of the taxpayer. That\u2019s why we also refer to TX++ as a confidential real-time invoice reporting system."},{"title":"VAT Talks - Charl\u00e8ne Herbain","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_charlene_herbain\/","pubDate":"Thu, 25 Jun 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_charlene_herbain\/","description":"In the fourth episode of VAT Talks, we discuss VAT with Charl\u00e8ne Herbain. We are very pleased that Charl\u00e8ne Herbain accepted our invitation, she is lecturer at the University of Luxembourg and the University of Louvain. Furthermore, she works as a VAT expert for Ernst & Young in the Financial Services office. In this VAT Talks, we discuss VAT in Belgium, the importance of the EU in fighting fraud and the fact that VAT actually stands for Very Attractive Tax!"},{"title":"VAT Talks - Alfredo Collosa","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_alfredo_collosa\/","pubDate":"Thu, 18 Jun 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_alfredo_collosa\/","description":"VAT Talks with Alfredo Collosa In this episode of VAT Talks we speak with Alfredo Collosa, who has been working in taxation (with i.a. AFIP, CIAT and IMF) for more than 30 years. We are pleased to discuss VAT with a tax expert from Latin-America, as that region pioneered in the usage of e-invoicing and invoice reporting systems (see Figure 1). In this article, Alfredo explains why this development could occur specifically in Latin-America, we discuss the differences between Latin-America and the EU and he tells us why taxation is not boring at all."},{"title":"VAT Talks - Zsolt Szatmari","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_zsolt_szatmari\/","pubDate":"Thu, 11 Jun 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_zsolt_szatmari\/","description":"VAT Talks with Zsolt Szatmari In our blogpost series \u201cVAT Talks\u201d we speak with VAT experts from all over the world to learn more about VAT, VAT fraud and everything related to VAT. For this episode we had the honour to speak with Zsolt Szatmari, who is a managing senior of the VAT Knowledge Group at the IBFD.[1] In this episode we discuss the innovative VAT system in Hungary, Zsolt will give advice on how to prevent being held liable for VAT fraud and we learn that VAT has a beauty that not yet has been recognized."},{"title":"VAT Talks - Redmar Wolf","link":"https:\/\/blog.summitto.com\/posts\/vat_talks_redmar_wolf\/","pubDate":"Tue, 02 Jun 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks_redmar_wolf\/","description":"VAT Talks with VAT-expert Redmar Wolf In our new blogpost series \u201cVAT Talks\u201d we speak with VAT experts from all over the world to learn more about VAT, VAT fraud and everything related to VAT. For this episode we had the honour to speak with Redmar Wolf, who works as a VAT attorney with the law firm Baker McKenzie, as a professor of Tax Law (Indirect Taxes) at the University of Groningen and as a Deputy-Justice at the District court of Arnhem-Leeuwarden."},{"title":"Myths about blockchain for VAT: energy consumption","link":"https:\/\/blog.summitto.com\/posts\/myth_energy_consumption\/","pubDate":"Fri, 29 May 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/myth_energy_consumption\/","description":"Photo by Rodolfo Clix from Pexels.\nIn our previous blogpost we discussed that the scalability issues sometimes attributed to blockchain do not necessarily apply to our invoice reporting system, TX++. That same blogpost brought us to the idea of busting some other myths that are too often brought up when talking about blockchain and VAT. In this first episode of Myths about blockchain for VAT we will show that a blockchain for VAT does not have to require enormous amounts of energy unlike many other blockchain-based systems."},{"title":"The EU invoice volume and the scalability of our blockchain-based invoice reporting system","link":"https:\/\/blog.summitto.com\/posts\/number_of_invoices\/","pubDate":"Mon, 25 May 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/number_of_invoices\/","description":"Many have emphasised the potential of blockchain technology in the field of taxation and VAT.[1] However, applying blockchain to taxation is often seen as something that is only possible in the long run, mainly because of scalability issues attributed to blockchain technology. In this blogpost, we clarify that the latter statement is not correct given the specific requirements in the field of taxation. We will first analyse the number of invoices sent within the European Union (EU), in order to estimate how many invoices per second an invoice reporting system should be able to process (this was not as easy as it sounds!"},{"title":"An open source software 101 for public officials","link":"https:\/\/blog.summitto.com\/posts\/open_source\/","pubDate":"Fri, 15 May 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/open_source\/","description":"@Photo by Alex Holyoake on Unsplash\nAn open source software 101 for public officials In April 2020 the Dutch government announced its support to open source software. State secretary for the Interior Raymond Knops wrote in a letter to the Parliament: \u201cMy appeal to public services is to release the source code, unless they have good reasons not to\u201d.[1] The usage of open source software has been increasing within governments all over the world."},{"title":"New blogpost series: VAT Talks","link":"https:\/\/blog.summitto.com\/posts\/vat_talks\/","pubDate":"Thu, 14 May 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_talks\/","description":"@Photo by Austin Distel on Unsplash\nAlmost everyone living in a country with a Value Added Tax (VAT), has to deal with this tax on a daily basis. To give people a better understanding of VAT and different VAT systems, we will start a new series of blog posts! In these articles, we will discuss VAT with experts from all over the world. These VAT specialists will give their perspective on the latest developments within the VAT world, specifically focusing on VAT fraud."},{"title":"The EU tax gap","link":"https:\/\/blog.summitto.com\/posts\/eu_tax_gap\/","pubDate":"Thu, 07 May 2020 07:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/eu_tax_gap\/","description":"Governments all over the world have the same problem: there is a difference between the tax revenue collected and the tax revenue that should have been collected. This is called the tax gap. It is estimated that almost \u20ac1 trillion is lost on an annual basis within the European Union (EU) alone.[1] In this blogpost we\u2019ll discuss the gaps of different types of taxes; import duties, personal income tax (PIT), corporate income tax (CIT), and value added tax (VAT)."},{"title":"VAT and economic crises","link":"https:\/\/blog.summitto.com\/posts\/vat_and_crisis\/","pubDate":"Mon, 20 Apr 2020 08:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/vat_and_crisis\/","description":"@Photo by Markus Winkler on Unsplash\nThe entire world is currently doing its best to curb the corona crisis. During the last months, many governments announced economic rescue packages with a value of trillions of euros to tackle healthcare issues and related economic problems that the outbreak of the coronavirus is causing. These packages vary per country. However, all countries seem to agree on the fact that VAT adjustments can help."},{"title":"Securing Alertmanager\u2019s cluster traffic","link":"https:\/\/blog.summitto.com\/posts\/securing_alertmanager_cluster\/","pubDate":"Fri, 10 Apr 2020 12:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/securing_alertmanager_cluster\/","description":"@Photo by Pixabay\nProblem At summitto we use Prometheus for monitoring our infrastructure and Alertmanager for sending alerts. For reliability we wanted to make our monitoring system highly-available, with two Prometheis and Alertmanagers on different machines, which meant that the Alertmanagers needed to be in cluster mode to talk to each other and de-duplicate alerts. This cluster traffic needs to be secured, and since we don\u2019t use any kind of service mesh like Consul or Istio, our initial thought was to use mutual TLS between the Alertmanagers, which we can do fairly easily with our reverse proxy[1], Haproxy."},{"title":"The cost of cyber attacks","link":"https:\/\/blog.summitto.com\/posts\/cost_of_cyber_attacks\/","pubDate":"Tue, 25 Feb 2020 08:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/cost_of_cyber_attacks\/","description":"@Photo by Pixabay\n\u201cCyber attacks are one of the top 10 global risks of highest concern in the next decade, with an estimated price tag of 90 trillion dollar if cybersecurity efforts do not keep pace with technological change\u201d - World Economic Forum.[1] Over the last couple of years the number of successful cyber attacks has surged. To illustrate this: every 39 seconds a cyber attack occurs in the US."},{"title":"History of the EU VAT system","link":"https:\/\/blog.summitto.com\/posts\/history_of_eu_vat\/","pubDate":"Tue, 28 Jan 2020 08:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/history_of_eu_vat\/","description":"Previously, we wrote about Value Added Tax (VAT) fraud. VAT is an excellent form of taxation as the responsibility to pay consumption taxes is distributed over the complete value chain, whilst only the end consumer actually pays taxes. This makes VAT a neutral form of taxation and to a certain extent both self-administering and self-policing. The rapid increase in the number of countries using a VAT system shows that the vast majority of countries agrees with the above."},{"title":"Git submodules, subtree, and subtrac.","link":"https:\/\/blog.summitto.com\/posts\/submodules_subtree_subtrac\/","pubDate":"Thu, 19 Dec 2019 12:00:00 +0100","guid":"https:\/\/blog.summitto.com\/posts\/submodules_subtree_subtrac\/","description":"At summitto we get to enjoy dependency management in C++ and more often than not, vendoring things using git submodules is the easiest solution to do this. However, submodules are not without their problems and nicer tools exist. In this blog post we’re going to look at two tools that are supposed to make our lives easier when working with git submodules.\nThe shortcomings Before we start looking at the potential solution, let’s first quickly examine the problem."},{"title":"Explanatory Video","link":"https:\/\/blog.summitto.com\/posts\/explanatory_video\/","pubDate":"Thu, 12 Dec 2019 10:00:00 +0100","guid":"https:\/\/blog.summitto.com\/posts\/explanatory_video\/","description":"Summitto created an explanatory video!\nOver the last couple of years, many people asked us \u201cbut how does TX++ actually work?\u201d Blockchain is a relatively new technology and at times hard to understand. We tried to explain the benefits of blockchain in our last blogpost, but it is hard to know how these benefits are put into practice in TX++ in an article. To show people how TX++ works, we demonstrated our system in an operational environment on several occasions."},{"title":"Blockchain and VAT: an Introduction","link":"https:\/\/blog.summitto.com\/posts\/blockchain_and_vat\/","pubDate":"Fri, 29 Nov 2019 10:00:00 +0100","guid":"https:\/\/blog.summitto.com\/posts\/blockchain_and_vat\/","description":"Blockchain and VAT: an Introduction\nVAT fraud costs European Union (EU) Member States an estimated 50 billion euro on an annual basis. In total, the difference between the expected amount of VAT collected and the actually collected VAT (the VAT gap) is 137.5 billion euro .[1] Several Member States are considering disproportionate measures to fight this fraud. None of them seem just. That’s why we’ll discuss the potential of blockchain in fighting VAT fraud."},{"title":"Welcome to our blog","link":"https:\/\/blog.summitto.com\/posts\/welcome\/","pubDate":"Tue, 26 Nov 2019 08:47:11 +0100","guid":"https:\/\/blog.summitto.com\/posts\/welcome\/","description":"Welcome to summitto\u2019s blog, the blog and newsroom about everything related to VAT and technology!\nWe created this blog to inform people about the latest developments around summitto and to provide insights in topics closely related to what we do: combating VAT fraud through our blockchain based invoice registration system called TX++. We will discuss e.g. VAT, VAT fraud, blockchain, cybersecurity, cryptography and many more related topics.\nSummitto started its endeavours to fight VAT fraud in 2017."}]}}