[UPDATE] Bolivia implements mandatory e-invoicing as from November 2014

Bolivia has postponed the implementation of its mandatory e-invoicing system until 10 November 2014. This new electronic invoicing system was originally intended to be in place by April 2014, but the enforcement date was postponed until September 2014. The Resolution was published in national newspapers on 31 August 2014.

The Bolivian E-billing system minimizes the use of manual billing, incorporates security measures to prevent forgery (using a QR code) and modifies the format of fiscal notes and auxiliary records. These changes require taxpayers to develop new e-invoicing systems or to adapt their existing einvoicing systems, which may require modifications to accounting systems (ERPs).

However, as it came clear to the Bolivian that most of the affected taxpayers were not ready for the new regulations, the new Resolution (Normative Resolution N° 10-0025-14 - Resolution) allows taxpayers until November 2014 to adjust their systems.

This new Resolution also includes the following changes:

  • No QR code is required for manual billings and export invoices, as well as airplane tickets;
  • Specific billing rules are included for free zones operators and administrators;
  • Formal errors do not invalidate VAT credits;
  • “Purchaser” is defined as the natural or legal person that acquires and pays for a specific good or service, which allows the understanding that entities will no longer be able to issue invoices to third parties as requested by customers;
  • Sales and purchases books no longer require formal numbering and binding of pages by public notaries as of January 2015;
  • Mandatory reporting of VAT purchases and sales books even for periods without activity is required.

Source - EYG no. CM4692


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