IOTA International Conference on Digital Reporting and Electronic Invoicing

IOTA International Conference on Digital Reporting and Electronic Invoicing

        The IOTA International Conference on best practices and strategies in the field of digital reporting and electronic billing is taking place in Rome, Italy, from October 16 to 17, 2024. The participants of the event are representatives of tax administrations, technology companies and business communities, who will discuss key trends and challenges in the field of tax administration.

       Employees of the central office of the SRC of the Ministry of Finance of the Republic of Kazakhstan took part in this conference on the basis of the Training-Methodical Center of the SRC of the Ministry of Finance of the Republic of Kazakhstan. The following structural units were among the participants of the conference:

  • Tax Administration Department (VAT Administration Department);
  • Regional Tax Center of the TMC SRC of the Ministry of Finance of the Republic of Kazakhstan;

       The main focus of the conference is aimed at sharing the experience of implementing digital reporting systems, including electronic invoices, in various IOTA member countries. Special attention will be paid to the harmonization of international standards, which is important for multinational companies facing differences in legislative and technical requirements.

      At the conference, experts presented reports on the following topics:

  • Application of advanced technologies to improve tax control and reduce fraud risks;
  • Experience of tax administrations that have already implemented digital reporting and electronic invoices;
  • Business benefits from automation and standardization of tax processes;
  • Prospects for international harmonization of digital reporting standards.

      The final results of the conference:

  • Deepening understanding of the benefits of digital reporting and its role in improving tax administration;
  • Assessment of current international initiatives and their impact on the future of tax systems;
  • Development of joint solutions for the implementation and improvement of electronic billing systems.

       The conference will become a key platform for the exchange of experience and discussion of innovative approaches to the digital transformation of tax processes at the international level.