Summitto

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.

[Summitto @_summitto]

Discover the analytics dashboard of our confidential real-time reporting software.

This is an essential tool for tax authorities to make their work more secure, efficient, and faster.

#VAT

[Summitto @_summitto]

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 😢

[Summitto @_summitto]

Shows that VAT fraud is still happening even with support of accountants! When do we start to use modern technology to fix this? https://t.co/Tfbwr9L6Pi

[Summitto @_summitto]

Congrats to the EPPO for the raid. Sad though as we could have stopped this long before €38 million went missing. https://t.co/l6SYTUrfLl

[Summitto @_summitto]

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 https://t.co/FN4aPiXp3v

[Summitto @_summitto]

Another VAT fraud estimated at 300 million euros uncovered. Lets hope the EC is not wasting too much time with e-Invoicing! https://t.co/KGe2XzKLPu

[VATupdate @TupdateVa]

#Netherlands
Deduction of input tax can only be refused if fraud has been proven
https://t.co/0nw1ScB032

#Deduction(inputtaxcredit) #Fraud/Taxevasion #VAT #Tax #IndirectTax #vatupdates

Subscribe: https://t.co/6YWfvgLxaT

[Summitto @_summitto]

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!
https://t.co/r9r1P76pY3

[Summitto @_summitto]

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! https://t.co/kAnPi25V0O

[Summitto @_summitto]

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

https://t.co/WSPu18l1dq

[Summitto @_summitto]

(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. https://t.co/nOhG4DhYNA

[Summitto @_summitto]

(1/2) Can anyone still argue this is not a huge issue for our society? Congratulations to the EPPO for uncovering this crime group!

[Summitto @_summitto]

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

https://t.co/IhGgzvXmm8

[Summitto @_summitto]

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. https://t.co/jZiHwCBa5r

#VAT #Fraud #interview

[Summitto @_summitto]

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

https://t.co/L9tvUbRogk

[Summitto @_summitto]

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.

[ThierryLabro @ThierryLabro]

Fraude à la TVA? 26 milliards en France? Passons à la blockchain au niveau européen. De beaux projets existent. Comme @_summitto , @BrunoLeMaire @GabrielAttal

[Alfredo Collosa @AlfredoCollosa]

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

[Summitto @_summitto]

@AlfredoCollosa Thanks for sharing Alfredo!

[Summitto @_summitto]

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:
https://t.co/h1jU7ZcSuD
#NFT #VAT #web3 #crypto

[Summitto @_summitto]

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.

https://t.co/3sia9Ktlwu