Author Archives: Richard Cornelisse

About Richard Cornelisse

I advise multinational businesses in improving the efficiency and effectiveness of their Indirect Tax Function and Tax Control Framework. I started my career as a manager at Arthur Andersen and then became a partner in EY where I led the indirect tax performance team for Netherlands and Belgium. Currently I am a senior managing director of Phenix Consulting. I have over 20 years’ experience advising clients on international VAT issues. I am specialized in the tax aspects of financial transformations, shared service centre migration, and post merger integration work. I am also somewhat of a mentor, giving back to the profession. If you are interested in conversation and discussion, please feel free to contact me.

Hungarian SAP health check: data in SAP incorrect and incomplete!

From 1 July 2018, taxpayers are as stated earlier obliged to provide within 24 hours invoice data for domestic transactions with a minimum VAT amount of 100,000 HUF (322 EUR). Although we offer a fully SAP-integrated solution in SAP itself … Continue reading

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eInvoicing requirements in Hungary per July 1, 2018

From 1 July 2018, taxpayers are as stated earlier obliged to provide within 24 hours invoice data for domestic transactions with a minimum VAT amount of HUF 100,000 (322 EUR). The ERP system must be able to detect sales invoices meeting … Continue reading

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Towards a new and definitive VAT system for the EU

According to the Commission’s proposals, VAT will now be charged on cross-border trade between businesses. Currently, this type of trade is exempt from VAT, providing an easy loophole for unscrupulous companies to collect VAT and then vanish without remitting the money … Continue reading

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Being ready for GCC VAT introduction when operating SAP

The Governments of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar (status unknown due to GCC politics/friction), Saudi Arabia and the United Arab Emirates that make up GCC – are committed to form a common framework for the … Continue reading

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SNI and Key Group announce for 50 multinationals a successful Spanish SII filing

Istanbul, Turkey and Amsterdam, the Netherlands — SNI and Key Group announce for 50 multinationals a successful Spanish SII filing   The Spanish SII filing, a new requirement introduced by the Spanish government, requires taxpayers to submit VAT relevant transactional … Continue reading

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Partnership between Key Group, SNI and ConVista

A partnership is closed between the Key Group, SNI and the international operating SAP consultancy firm ‘ConVista Consulting’ with offices amongst others in Madrid and Barcelona. Key Group and SNI operate from Netherlands, Poland and Turkey. Who we are In … Continue reading

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The auditor is not (yet) a risk analyst

The term materiality has many meanings and definitions. Boundaries of materiality are primarily determined based on personal estimations. This can be estimations by auditors, risk management departments, company directors, etc. The term materiality, used as a quantitative norm, then serves … Continue reading

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