Peru aims for full mandatory e-invoicing by 2017

Taxpayers in Peru have been able to issue their bills electronically on a voluntary basis since 2010. And some 250 of the largest Peruvian companies were mandated to implement an e-invoicing system as of 1 October 2014. Among them, Bayer, BBVA, Nestlé, Panasonic or Goodyear

Moreover, as recently published in the La República daily, SUNAT’s (Superintendencia Nacional de Aduanas y de Administración Tributaria) aim is that 100% of its taxpayers should be using e-billing by 2017. And even though so far no legislative measures have been taken on the issue, it is estimated that there are currently more than 7400 businesses using electronic invoicing.

Peruvian taxpayers who voluntarily wish to start issuing electronic invoices that follow the new rules, must first apply to the SUNAT for authorization. Once the approval process is complete, the organisation will acknowledge them as electronic issuers.

Currently, there are two mechanisms for issuing electronic invoices. First there is MYPE electronic billing: using an application provided by the Peruvian Tax Administration (SUNAT) designed for micro-businesses. And on the other hand, there is e-billing integrated within the taxpayer’s ERP system. Mostly provided by e-invoicing service providers like EDICOM and Invoiceware International.