Deloitte offers support throughout the digitalization journey–from regulatory guidance, strategy development, technology selection and implementation, and long-term maintenance and governance.
Transform your tax compliance with Deloitte’s e-invoicing and e-reporting solutions
Tax authorities worldwide are introducing digital compliance measures such as e-invoicing and e-reporting, aimed at improving tax collection and the standard of compliance, while reducing the tax gap through greater visibility and insight. Traditional indirect tax compliance is being replaced by the real-time exchange of tax data between businesses and tax authorities. Consequently, indirect tax audits are becoming more frequent and granular as tax authorities focus their scrutiny on the transactional tax data available to them.
There are more than 60 countries that mandate forms of digital reporting, including significant parts of Europe, South America, and Asia Pacific. It is widely expected that almost every country will have implemented some form of electronic invoicing or reporting within its tax system by 2030.
Deloitte solutions available along the whole e-invoicing and e-reporting journey
Depending on your business’s specific needs, Deloitte can provide support throughout the e-invoicing journey or at any specific stage.
Discovery and strategy
We identify new obligations and interpret regulations, coordinating globally to support policy compliance.
Feasibility and vendor selection
Our evaluation begins with assessing your current state, including legal entity and ERP/systems architectures. We conduct a thorough data assessment and impact assessment modeling to analyze your e-invoicing and e-reporting needs based on your tax profile and global presence. Our technical advisory aims to support solution integration within your broader systems landscape, including accounts payable/receivable processes and technology dependencies. We consider data consolidation options and suggest both short- and long-term tax technology strategies. Finally, we provide a tailored deployment roadmap designed to support your business's global e-invoicing and e-reporting requirements.
Implementation
Our approach begins by assessing your business readiness and introducing available solutions that align with your technology strategy, focusing on finance system enhancement and e-invoicing technology. We identify the appropriate technology solution, which may include Deloitte local solutions, third-party solutions, a “powered by” global platform, or middleware. To aid in this selection, we develop a vendor scorecard to evaluate available systems. We provide recommendations and assist with business case development. Finally, we develop an implementation roadmap and cost model to guide the solution implementation process.
Ongoing support and maintenance
We offer post-implementation support and impact analysis of technical changes with a focus on performance optimization. We proactively monitor upcoming and changing regulations to help aid with compliance and can provide updates on industry best practices and process optimization recommendations. In certain circumstances Deloitte also offers an e-invoicing and e-reporting operate solution, allowing you to focus on your core business activities.
Digitalization of indirect tax demands a holistic approach
As indirect tax administration undergoes one of the biggest changes since value-added taxes were first implemented, a combined short term compliance and long term strategic response will pay dividends.
