Uruguay passed its first scheduled e-invoicing migration deadline

More and more Uruguayan businesses are signing up to Because they have to. Last June 1st was the first deadline set by the General Tax Directorate (DGI) for 2016. Since then, all taxpayers that had sales to the tune of 30 million IU or more last year are required to issue VAT compliant e-invoices (CFE).

The second deadline set in the DGI schedule is 1 December 2016. Then, companies with a income of 15 million IU or more in 2015 will also have to join the mandatory electronic issuance regime. In total, the measure is estimated to affect around 4000 taxpayers, 2000 in each phase.

Source: http://www.edicomgroup.com/en_US/news/8438

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