INDIANAPOLIS, IN (PRWEB) January 13, 2015 -- CTI Group (Holdings) Inc. (OTC:CTIG), a global provider of carrier-grade software solutions and services which empower organizations through communication analytics, today announced that the latest release of their ‘Analysis’ eBilling solution now has improved regional tax reporting for business usage. This latest update comes as a direct result of changes to tax reporting requirements within the Telecoms industry across a number of regional markets.
Beginning 2015,telecommunications, broadcasting and electronic services will be taxed in the country where the customer resides or is registered. This applies whether the customer is a business or a consumer and whether the supplier is based within the EU or outside. From a business perspective, it is either the country where they are registered or the country where they have fixed premises receiving the service. For a consumer this means the country where they are registered, have their permanent address or normally live. This is a substantial change from prior EU taxation rates which were based on the location of the supplier; hence the new EU legislation sees taxation migrating from purchase to consumption.
Trevor Davis, Head of Products at CTI Group, commented, “This latest version of our Analysis solution now delivers a higher degree of granularity of taxation for Telecoms service providers allowing business users to complete tax filings accurately across all the regions in which they operate and bill. Many service providers currently use billing systems that neither recognize nor detail taxation, therefore our solution ensures that they can now offer their business customers a highly relevant and distinctive ‘value-add’ service which will ensure they remain competitive and compliant.”
About CTI Group
CTI Group (Holdings) Inc. is an international provider of electronic invoice processing and management, enterprise communications management software and services solutions, and carrier class voice over internet protocol (VoIP) management applications. CTI Group’s Analysis, SmartBill®, SmartRecord® and Proteus® product suites offer Carriers a full array of Cloud-based, real-time solutions for traffic analysis, post-billing call analysis, customer care and call recording. CTI Group’s products are used by some of the top service providers in North America and Europe, and play a trusted role in managing telephony costs at major corporations internationally. Headquartered in Indianapolis, CTI Group maintains overseas offices in London and Blackburn, UK. For more information, please visit CTI Group’s website at http://www.ctigroup.com.
Safe Harbor Statement
This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of CTI Group or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about CTI Group and its business relating to the future; and (e) any statements using the words “could”, “should”, "anticipate", "expect", "may", "project", "intend", “will”, “believe” or similar expressions. CTI Group's ability to predict projected results or the effect of events on CTI Group's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. These factors include, but are not limited to: effects of current economic crisis, ability to attract and retain customers to purchase its products, ability to develop or launch new software products, technological advances by third parties and competition, ability to protect the Company’s patented technology, ability to obtain settlements in connection with its patent enforcement activities and risks described in CTI Group’s periodic reports filed with the U.S. Securities and Exchange Commission.
Donna Shaw, CTI Group, http://www.ctigroup.com, +44 1254291530, [email protected]
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