Archive for Latin America

THE most critical detail in VAT Compliance: UUIDs

UUIDs – or unique identifying codes – allow tax authorities to track every single taxpayer document and verify VAT payments and credits based on the original source documents. In all countries using UUIDs, though, the code is a complex set of digits prone to error.

Read More

Mexico launches new eAccounting requirements

Though the SAT, Mexico’s authority, did not announce a specific implementation timeline for eContibilidad 1.3, it caught businesses off-guard when it began enforcing the measures in October.

Read More

Electronic invoicing moves forward in Costa Rica: expert opinion

EDICOM's expert explains in this document the evolution of electronic invoicing in Costa Rica. What is the e-Invoicing model? How does the system work? Challenges for companies. What are the technological solutions?

Read More

CFDI 3.2 and CFDI 3.3 coexistence period extended up to 1 January 2018

The SAT acknowledges the scale of this change in modernization of the billing system for taxpayers, which is why it has issued this extension before finally rolling out the single definitive version in January 2018.

Read More
5 considerations for Colombia’s mandatory e-invoicing requirement

5 considerations for Colombia’s mandatory e-invoicing requirement

By January 2019, all companies that pay VAT in Colombia will be required to comply with mandatory e-invoicing. Businesses with operations in Colombia must begin preparing now, while taking these 5 considerations into account.

Read More

Brazil Eliminating Access to Free E-Invoicing Software

They are making the move away from free e-invoicing software for several reasons, including the sheer difficulty involved in managing technology capable of meeting Brazil’s compliance requirements.

Read More

New obligations in Ecuador for e-invoicing implementations

With Resolution NAC-DGERCGC17-00000430, new taxpayers are required to issue sales vouchers, proofs of retention, and complementary documents electronically according to several characteristics...

Read More

DIAN Colombia selects the taxpayers required to use e-Invoicing as of January 2018

The National Tax and Customs Department (DIAN) has already started to make e-invoicing mandatory and has announced in a recent draft which taxpayers are obligated to use e-invoicing in the next three months.

Read More

Paperless by Sovos first authorized solution for Peruvian real-time tax validation

November 9, 2017  |  Accounting, Compliance, Latin America

In order to become an OSE, Paperless by Sovos successfully completed the necessary measures required by the SUNAT, including securing ISO 27001 certification, demonstrating a high level of experience and service, and much more.

Read More

Costa Rica E-Invoicing: Top 8 Requirements to Know

With mandatory participation imminent in 6 months, multinational companies need to be proactive and start looking for a solution now to avoid any surprises when they are mandated.

Read More