Ecuador joins LATAM by making compliant einvoicing mandatory as from june 2014

Ecuador is joining the Latin American Community mandatory e-invoicing compliance. Ecuadorian Resolution NAC- DGERCGC13 – 00236 for mandatory integration of Electronic Invoicing or Factura Electrónica affects several transaction documents (and therefore also industries): Invoices, Tax Withholding Receipts, Bills of Lading (Remisión), Credit Notes and Debit Notes. The mandate is required only for transactions that support tax credit of Value Added Tax.

There are four deadlines currently in place for different taxable entities in Ecuador:

1. June 1st, 2014
   Financial institutions (except insurers) and credit card issuers
2. August 1st, 2014
   – Broadcasting stations and credit card administrators
   – Telecommunications and pay TV entities special contributors per tax entity
3. October 1st, 2014
   – Exporters special contributors per tax entity
4. January 1st, 2015
   – Other special contributors per the SRI not mentioned in the above three groups.
   – Entities with permission to print documents or receipts using computerized systems;
   – Entities and taxpayers who sell through the Internet;
   – Those engaged in export.