Tungsten Corporation PLC Tungsten Network secures SdI registration in Italy
2018年11月16日 - 6:30PM
ＲＮＳニュース （英語）
TIDMTUNG
Tungsten Corporation PLC
16 November 2018
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
16 November 2018
Tungsten Network secures SdI intermediary registration in
Italy
Tungsten Network customers can now transact electronically with
the Italian tax authority in readiness for the country's mandatory
1 January 2019 B2B e-invoicing deadline
Tungsten Network, the global business transaction network, has
completed final testing with the Italian tax authority, the Sistema
di Interscambio (SdI), to become a fully registered intermediary
for B2B e-invoicing in the country.
In March, the Italian government announced that all businesses
registered in Italy will be required to send invoices and
associated documents electronically via the SdI with effect from 1
January 2019. The legislation aims to improve efficiencies and
enhance tax revenues in Italian business-to-business transactions,
requiring companies to alter their procure-to-pay processes in
order to issue invoices. This follows the introduction of mandatory
business-to-government e-invoicing in 2014 for suppliers to public
administrative and government bodies.
With full SdI intermediary registration, Tungsten Network
customers are able to use the Tungsten Network platform to send and
receive electronic invoicing documents via the SdI. Most of the
Company's customers have already chosen Tungsten Network as their
preferred intermediary in Italy, including General Electric,
GlaxoSmithKline and Nestlé.
Richard Hurwitz, Tungsten's Chief Executive, commented:
"Tungsten Network's mission has always been to provide our
customers with a secure platform that enables them to comply with
the ever-changing tax and regulatory landscape while achieving
efficiencies in their P2P processes. Today, with our certification
as an authorised intermediary of the SdI, we take a significant
step towards fulfilling that mission.
"We anticipate that other countries will follow Italy's lead,
and we will continue to work with global tax authorities to stay
ahead of statutory changes as they inevitably occur."
Enquiries:
Tungsten Corporation plc +44 (0)20 7280 7983
Richard Hurwitz, Chief Executive Officer
Daniel Brady, Global Communications Manager
Speed Communications
George Beard +44 (0)7980 816 170
Kerry Gould +44 (0)7872 811 735
tungsten@speedcomms.com
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most
trusted business transaction network by using data intelligently to
strengthen the global supply chain.
Tungsten Network is a secure business transaction network that
brings businesses and their suppliers closer together with unique
technology that revolutionises invoice processing, maximises
efficiency and improves cash flow. Delivering trusted connections
and streamlined transactions, the network also provides users with
real-time spend analysis and offers access to trade finance through
Tungsten Network Finance.
Tungsten Network processes invoices for 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 48 countries, and last year
processed transactions worth over GBP164bn for organisations such
as Alliance Data, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and
the US Federal Government.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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