In 2011, the global economy shaped lives of companies everywhere. The recession had a massive effect on technology and start-ups, but just as often led to new opportunities. As we look toward 2012, I think we can expect to see… Local will be the new global: A lot of manufacturing and sourcing of services are… More »

The German Bundesrat will make a major leap this Friday and approve the Steuervereinfachungsgesetz 2011 (Tax-simplification law), which also includes a major change to electronic invoicing regulations (affecting § 14 UStG).

With the new regulation in place, invoices can not only be sent and received digitally within an EDI network (like Tradeshift) or with a qualified digital signature to make the invoice input VAT deductible on the receiving side (which Tradeshift also supports with an app). Invoices in digital data formats like PDF are now holding the same legal status as a hardcopy invoice. More »