- Corporations providing compliant e-invoicing and related services/support to 3rd party customers
- Large companies
- Public organisations
- International not-for-profit Trade Association
- Latin America
- North America
AMEXIPAC recently published the report “Estudio comparativo de Factura Electrónica en Latinoamérica”, which includes a comparison of Latin American countries and also takes a look at Portugal.
Currently, the SAT has two regulated concepts of third parties that assist in electronic taxation matters, PACCFDI: Authorized provider of digital tax receipts through the Internet, and PACRDD: Service providers that receive electronic documents.
Mexico is one of the leaders, and perhaps THE leader, when in it comes to e-invoicing. According to recent research, Amexipac was able to display these number on the e-invoicing adoption in Mexico.
The program’s objective is to establish an e-invoice information system between the three pilot administrations and once in place participation will be extended to other member countries of the Inter-American Center of Tax Administrations (CIAT).
The forum will include the participation of international experts in technologies from more than 25 countries. The goal is to exchange experiences on the industry and the development of technologies that facilitate compliance and progress towards a government with digital services.
After the Tax Administration Service (SAT) ordered the mandatory use of electronic invoicing for all taxpayers, Issuing issuing electronic invoices via CFDI grew with a staggering 160.9% from January to November 2014, compared with same period of 2013.
In Mexico, taxpayers earning less than 500,000 pesos in 2012 had until March 31 of this year to migrate to electronic invoicing, while the rest of Mexico’s taxpayers had until January 1 to do so.
As a result a staggering amount of 2.4 billion (2,400 million!!) electronic invoices were sent in Mexico in the first half year of 2014 alone. This very impressive compared to only 119 million e-invoices exchange during the entire 2011, according to the Mexican Tax Authority SAT.
According to Nelly Maldonado, the management of electronic accounting files allows for better controls and greater confidentiality of information. He also believes that it will lead to an increase in productivity and competitiveness, as it allows users to better manage the financial information business, and leverage data to make strategic decisions.
During the first half of the year, the growth in the number of issuers of electronic billing taxpayers increased by more than 300% compared to 2013. The reason for this steep rise is of course that as from 1 April 2014, electronic invoices are the only way to go in Mexico.
Countries that have mandated the use of advanced electronic invoices (compared to PDF einvoices and alike) have seen remarkable advances in more efficient tax collection and anti VAT fraud protection.
For the Mexcican SME taxpayers making electronic invoicing mandatory is somewhat of a radical cultural change en for some of them, a bit awkward, according to the Mexican Association Authorized Certification Providers (Amexipac).
The organization representing Authorized Certification Providers (PAC), said that for some of these taxpayers it is more comfortable to remain outside the technological evolution, even though it is inevitable in tax matters.