Wise’s Post

Payments that travel. Further. Faster. Speed up your international operations, and keep your business moving with Qonto’s improved international transfers. Powered by Wise. Banish delayed payments and keep supplier relations running smoothly. Know precisely where your payment’s at thanks to detailed real-time tracking. Get clarity on exactly how much you’re sending and any applicable fees upfront, and pay suppliers in over 130 countries. Learn more: https://lnkd.in/dHRin_ei

#launchday Instant international transfers? A mind blowing service we can now offer thanks to the Wise x Qonto partnership! Thanks to this partnership, our customers can benefit from: 1️⃣ faster transfers internationally 2️⃣ 70 additional countries they can now send money too 3️⃣ a centralised, transparent process - know exactly how much money you send and will arrive, when! Congrats to Pauline Lannoy, Srijit Ghosh, Marco Felletti and the whole team who worked on this! #internationaltransfers #businessbanking

🇪🇪 Estonia's Finance Ministry Unveils B2B E-Invoice Options in Upcoming Accounting Act Amendment! 🌐 Following VİDA, the Estonian Ministry of Finance is set to enhance B2B transactions! 🤝 They're working on amending the Accounting Act to allow buyers to request electronic invoices from suppliers. 🧾 The new format will be in sync with the EN 16931 structured e-invoice format. 🗓️ While no specific date is confirmed, these changes are expected to roll out around 2025. 🚀 Brace yourselves for a major leap in digitalizing invoicing and boosting B2B options in Estonia! 🇪🇪💼

🇪🇪 Estonia is making moves towards making e-invoicing mandatory! 📧The plan is to update the Accounting Act to include a B2B e-invoice mandate based on the European e-invoicing standard. Here's what's on the agenda: 🚫 Say goodbye to the Estonian e-invoice standard. 💼 All registered accounting entities can demand a European standard e-invoice when making purchases. Initially slated for 2024, the changes might face a delay as the draft law is still pending approval. 📅 Stay tuned with Taxera Technologies for updates!

🆕 🔎 Let’s introduce the new 2024 Luxembourg SOPARFI Pocket Guide - the perfect tool for anyone wishing to keep the Luxembourg SOPARFI’s basic features in their pocket. Crafted by tax experts David Maria and Stéphanie Raffini, it outlines the salient corporate and tax features of the Luxembourg #SOPARFI with clarity and precision. Just ask for your copy, and we’ll send it over to you. And while you await your pocket guide, here's a reminder of the essential points to understand about this effective structure ⬇️ If you have any questions, as usual, don’t hesitate to reach out to our team. #Luxembourg #BusinessGuide #TaxExpertise

In previous posts I’ve talked about the current state of the vendor market, but I’d like to focus a few future posts on the type of relationships that are enabled through finance. Ibarmia – one of our partners – is a good first example. The vendor is known for its highly customized solutions and international footprint, so it follows that it would work with a financier that can match up. Recently, one of its end customers was taking part on the High-Speed Train project in Spain. The business knew it wanted machine tools from Ibarmia but also needed a finance solution that wouldn’t jeopardize cash flow. We met with the customer and the vendor to align expectations and were able to provide a solution in less than a week, covering all the client’s needs – including competitive monthly payments and an agreement with the vendor guaranteeing 25% of the residual value of the equipment. My point here is that we work with vendors to help them and their customers’ businesses succeed. As a global company, we are well-placed to support our vendor partners close deals and strengthen relationships across borders. #SmartFinance #VendorFinance

Travelers, take note! ✈️ Priority Pass, the leader in airport lounge access, has partnered with utu to maximize your VAT and GST refunds while shopping tax-free internationally. 🎉 We were thrilled to work with Collinson on this great initiative for their members! This enhancement is currently available to Priority Pass members who purchased their membership directly through the Priority Pass website. How does this benefit you? Boost your travel rewards: Convert your VAT refunds into miles with an additional 40% bump in value. 🎁 Instant spending power: Use your tax refunds immediately at select stores. 🤩 Additional Cashback: Opt for an extra 5% cashback (Euros currently). 💸 To take advantage of this opportunity: 1. Log in to your Priority Pass app. 📱 2. Navigate to the "Travel Services" section. 3. Generate your utu Tax Free Card details. Check out the press release below for full details. #PriorityPass #travelbenefits #VATrefund #taxfreeshopping #travelsmart

🧾📲 What does the future hold for invoicing? Discover the benefits of electronic invoicing and the challenges ahead for businesses. 💡 Overall, in the EU, electronic invoicing is evolving, but it is currently a patchwork of systems across member states. The European Commission has a vision - by 2030/2032, every EU member state will implement a unified reporting system for cross-border deliveries and services, streamlining processes and enhancing transparency. 📝➡️💻 E-INVOICING IN ESTONIA | Tiina Mirka, Head of BPO at Rödl & Partner Estonia, overviews the current status of E-Invoicing in Estonia 👉https://lnkd.in/dnheY6p3 ➡️ Curious about the latest regulations in your region? In this edition, we've compiled articles on electronic invoicing, offering insights into current regulations in Germany, Spain, Poland, France, Italy, Romania, Turkey, Finland, Estonia, Malaysia, Lithuania, China and Kazakhstan. Dive in for more 👉 https://lnkd.in/dggb_cwH #Einvoicing #regulations #benefitsofeinvoicing

Travel accounting is as unique as the industry they operate in. Configurability, integration and automation of processes through travel-specific features allows businesses to focus on where they can bring more value to their customers. OnAccount’s specialised travel features: - Handle multiple entities transacting in different currencies - Manage accounts with cross-entity e-banking capabilities - Unified solution for accounts payable, receivable and bank reconciliation tasks - eCommerce reconciliations - Specialised BSP reconciliations Learn more: https://lnkd.in/gvwEhYNA #onaccount #financialmanagementsystems #travel #getanedge

VAT Reclaim has long been a missed opportunity for corporations to recover funds they are entitled to. Automation now bridges this gap. New technology from HRS, tied to its Lodging-as-a-Service platform, facilitates opportunities for typical multi-national travel programs to recover up to 10 percent of their lodging budget. Companies that are aggressive in adopting this technology can reclaim 100 percent of domestic and foreign lodging VAT. Learn more here: https://lnkd.in/eQ5FkScH #VATReclaim #CorporateTravel #LodgingPayment #LodgingasaService #travelfintech