Summitto is building a confidential real-time invoice reporting system to close the VAT gap and fight VAT fraud. It's time to stop the carousel.
Joined September 2017
- Tweets538
- Following293
- Followers158
- Likes168
Germany’s Federal Ministry of Finance has revised proposed mandatory e-invoicing to 2026! Why do we need e-Invoicing again to fight VAT fraud? EU VAT in the Digital Age is even postponed to 2028. If I would be a fraudster, I would celebrate! 🎉 As tax payer not so much 😢
Shows that VAT fraud is still happening even with support of accountants! When do we start to use modern technology to fix this? accountancyvanmorgen.nl/2020…
Congrats to the EPPO for the raid. Sad though as we could have stopped this long before €38 million went missing. eppo.europa.eu/en/news/inves…
Discover how our tool tackles the issue of trust in e-invoicing & real-time reporting systems. Using modern cryptography, we create an automatic audit trail, ensuring authenticity & integrity. Read more: #eInvoicing #VAT #RealTimeReporting blog.summitto.com/posts/auto…
Another VAT fraud estimated at 300 million euros uncovered. Lets hope the EC is not wasting too much time with e-Invoicing! lefigaro.fr/international/be…
Summitto retweeted
#Netherlands
Deduction of input tax can only be refused if fraud has been proven
vatupdate.com/?p=232510
#Deduction(inputtaxcredit) #Fraud/Taxevasion #VAT #Tax #IndirectTax #vatupdates
Subscribe: bit.ly/2McweWZ
Kudos to EPPO and German tax investigation units! Lets make their work within carousel fraud VAT superfluous then they can catch other fraudsters instead! Hope the Commission is making the right choices to end VAT fraud soon!
eppo.europa.eu/en/news/eppo-…
A little pre-Christmas gift for our readers, a new VAT talk! We are looking into VAT on NFTs in Switzerland. Probably for many Administrations not on the agenda yet. Trump Cards anyone?
A very special thanks to our guest Cyrill Diefenbacher! blog.summitto.com/posts/vat_…
Basically corrupt Tax Administration employees can access any data without the risk of being caught. As systems are not capable of tracking employees. Tax officials and policy makers do not ignore this risk! @EU_Commission @taxobservatory
metronieuws.nl/in-het-nieuws…
(1/2) Can anyone still argue this is not a huge issue for our society? Congratulations to the EPPO for uncovering this crime group!
(2/2) The EC is going to present their plans soon, but with probably mandatory e-Invoicing in the mix this will not solve anything soon but delay the process and allow organised crime groups to syphon billions in tax money. eppo.europa.eu/en/news/opera…
In our latest episode of VAT Talks, we speak with VAT experts and Nyenrode Business Universiteit lecturer & professor Menno M.A. Griffioen & Lisette van der Hel
blog.summitto.com/posts/vat_…
In our latest episode of VAT Talks, we speak with John McCallig from the University College Dublin.
It was a delight to discuss his sharp interests in a range of areas including tax, tech and the road towards secure systems. blog.summitto.com/posts/vat_…
#VAT #Fraud #interview
The @OECD recently published a report about e-invoicing. Check out our new blogpost where we address key findings and the most relevant factors of a successful e-invoicing system.
#Tax
blog.summitto.com/posts/summ…
We are very happy to announce that our CEO Sascha Jafari will give a presentation at the Tax Executives Institute @TEI_Updates later today.
We are very happy to be able to share our thoughts and ideas with all the people from the institute.
Summitto retweeted
Fraude à la TVA? 26 milliards en France? Passons à la blockchain au niveau européen. De beaux projets existent. Comme @_summitto , @BrunoLeMaire @GabrielAttal
Summitto retweeted
The idea of applying VAT to crypto assets like NFTs is of high interest to governments looking for more resources.
Excellent article @_summitto
#VAT #NFT #taxation – at Río Cuarto, Argentina
Now that more and more countries are taxing NFTs, it's time for an update of our VAT on NFTs article!
Read all about it here:
blog.summitto.com/posts/vat_…
#NFT #VAT #web3 #crypto
Now that more and more countries are taxing NFTs, it's time for an update of our VAT on NFTs article!
Read all about it here:
blog.summitto.com/posts/vat_…
#NFT #VAT #web3 #crypto
Data from 130,000 visitors to the DGTL festival has become public due to a data breach.
These types of events are occurring more and more frequently. #Data protection is the key.
newsobserv.com/data-from-130…
Encryption backdoors increase the risk of cyber attacks while not having the potential to properly fight serious offenses.
In our latest blog post we explain the importance of not leaving any backdoor open when implementing real-time reporting for #VAT.
blog.summitto.com/posts/secu…
