In 2014, roughly 1500 taxpayers signed up for e-billing in Uruguay. Some of them were obliged to do so, as set forth in Resolution Nº 798/2012, while others did so voluntarily. In total, the General Tax Directorate (DGI) calculates that the growth rate of e-invoicing in the country last year was around 24%.
For 2015 the figure is expected to rise to 50%. These figures would make Uruguay one of the top 10 states in e-invoicing internationally. This is partly because as of 1 July 2015, more than 700 new large businesses will join the electronic billing scheme in Uruguay. The mandatory nature of the move is set forth in Resolution 4355/2014, issued on 26 November 2014 and the taxpayers affected have been notified individually.
The rollout of e-invoicing involves automation of administrative procedures. In addition, it enhances security and cut economic costs. For these reasons, the system is increasingly being adopted in countries around the world.
EDICOM CFE issuing solution
EDICOM has designed an International e-Invoicing Platform that allows users to issue CFE in line with the requirements set forth in the legislation in Uruguay. This solution streamlines the process, boosts productivity in businesses and increases cost savings.
