Archive for Latin America

Latin American VAT and 2016 E-invoicing mandates

Now that companies operating in Latin America are looking at as many as 10 new mandates this year, it’s time to critically assess your compliance solution to ensure that these transitions are as seamless as possible.

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Invoiceware International to Streamline Tax Reporting in Mexico for Oneida Limited

January 25, 2016  |  Accounting, Compliance, Government, Latin America

Global tableware brand minimizes risks and automates compliance with Mexico’s recent eAccounting (eContabilidad) mandates

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Should enterprises build or buy a Latin American compliance solution?

In fact, companies should choose a proactive solution that integrates cross-region and cross-division; a solution that has compliance at its core – meaning you’ll never miss an update or opportunity.

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Colombia Mandates Electronic Invoicing for 2016

January 8, 2016  |  Compliance, Latin America, Standards

The much anticipated news regarding Colombia electronic invoicing has arrived. On November 24, 2015, the Colombia DIAN (tax authority) announced in Decree 2242 that electronic invoicing is mandated for specified companies starting this January 2016.

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EDICOM first providers authorized by Mexico’s tax administration to receive digital documents (PCRDD)

EDICOM also was the first provider authorized to issue electronic invoices (CFDI) by Mexico’s tax administration in 2010. With this new certification, EDICOM has become one of the main companies in the country to provide fiscal electronic data integration services.

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Ecuador E-Invoicing Requirements Move Process Offline

Due to complaints that online government approval of e-invoices slowed down shipments and supply chain processes, Ecuador revered its approval model – now providing a 24-hour buffer for companies to submit e-invoices. Here’s what companies operating in Ecuador need to know.

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Shipping issues compound with changing Latin American e-invoicing requirements

November 15, 2015  |  Compliance, Invoice Automation, Latin America

E-invoicing significantly affects logistics and supply chains operations as well. If managed ineffectively, it can leave trucks parked for days or force buyers to refuse shipments, halting business operations.

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The cost of compliance: 2016 penalties and mandates in Latin America [Webinar replay]

LATAM fines and penalties can quickly add up. For example, a company that’s missing 10,000 invoices from its electronic archives in Brazil (which is not uncommon) could be facing fines of more than $1 million USD

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Invoiceware International Becomes Oracle PartnerNetwork Gold Level Partner

With its Gold status, Invoiceware International receives the benefit of being able to develop specializations that will allow them to grow their business, increase their expertise, reach higher levels of customer retention, and create differentiation in the marketplace.

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Top Challenges When Doing Business in Peru

October 30, 2015  |  Invoice Automation, Latin America

Large multinationals can’t wait to implement the mandatory e-invoicing processes in Peru as of 2016 – libros reports are already due in January, requiring companies to submit 10+ e-accounting reports for sales, purchases and inventories.

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