Hi,

several countries in the world are implementing or planning to implement mandatory CTC/Compliance e-invoice for companies operating in the country. The main objective for the tax authorities to introduce a CTC model is to get detailed tax related information on invoice level already at the point of invoicing.

The tax authorities get better control of invoices and payments and by this having a better tool to close the VAT/tax gap and secure that taxes are reported and paid correctly.

IFS delivers support for new CTC models around the world in cooperation with a Service Provider. Proof of concept will be delivered together with preferred partner Pagero

Use of Service Providers

Companies want to focus on their core business and simplify electronic statutory reporting through global or local service providers Pagero is one service provider for e-invoice solutions. Customers are free to choose any service provider, locally or globally.

Frequent changes and not standardized

ERP cloud software enables the required data and lifecycle handling of invoice. A Service Provider the formatting and connection to authorities

IFS Cloud Solution

An IFS specific XML-Layout needs to be used when invoices are imported or exported from/to IFS Cloud

• On the outgoing side the service providers needs to receive the IFS specific XML-Layout and convert it to the desired output format.

• On the incoming side the services providers receives invoices in different formats and converts these invoice to the IFS specific XML-Layout for incoming invoices.

Kind Regards

Ralph