Last week, URA announced that all rent payments must now be invoiced on the EFRIS e-tax platform. Tax authorities across the region are making electronic invoicing and reporting mandatory and businesses still treating this as a future problem are quietly losing ground, while breaking the law.
But here is the reframe worth making: compliance is not a separate burden bolted onto your business. A system that can satisfy an auditor — proper audit trails, tamper-evident records, integration with the revenue authority — is the same system that can finally tell you the truth about your numbers. Good compliance and good management turn out to be the same discipline.
I'm writing about how to meet the mandate without halting operations. How is your organisation handling the shift to e-invoicing? see the link in first comment
#Compliance #EInvoicing #FinanceLeaders #TechGuyPeter
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