Electronic invoicing in Latin America

Our e-Invoicing solutions comply with the laws in each country where you have to operate, no matter the local requirements.

One platform with centralised solutions for LATAM e-Invoicing requirements

Simplify and streamline e-Invoice issuance and receipt with a global provider that can integrate, syntactically validate and electronically archive all your documents.

Latin America is the region furthest ahead in e-Invoicing implementation. The system has become an invaluable tool to enhance fiscal control and mitigate the high tax evasion rates.

Mexico and Brazil have been at the forefront of this technology for years with the most advanced legislation in e-Invoicing. The system’s success in neighbouring countries is encouraging other countries such as Costa Rica, Colombia or Guatemala, to implement their own electronic models.

Latest updates on e-Invoicing in LATAM countries

Mexico: CFDI cancellation system

Mexico: CFDI cancellation system

New CFDI add-on that came into force on 1 November 2018: cancellation service

e-Invoicing key dates in Colombia

e-Invoicing key dates in Colombia

Extension awarded to a number of Special Taxpayers until 1 January 2019.

How does e-Invoicing in Costa Rica work?

How does e-Invoicing in Costa Rica work?

Implementation of all phases of mandatory e-Invoicing for taxpayers in 2018.

Guatemala's new FEL system

Guatemala's new FEL system

The new FEL regime will be implemented, starting with Special Taxpayers.

Updates on Peru's electronic invoice

Updates on Peru's electronic invoice

Staggered implementation of the CPE and upgrade to version 2.1 of the schema.

e-Invoicing schedule in Argentina

e-Invoicing schedule in Argentina

Starting in April 2019, e-Invoicing will be mandatory for taxpayers in all categories.

e-Invoicing in LATAM: a tax control measure

Chile, Mexico and Brazil were pioneers in the use of e-Invoicing. In these countries, use of the system is now widespread and beginning to make headway in other tax compliance policies, such as e-Accounting. The aim is to simplify these tasks for taxpayers and lower economic costs.

But also, given the nature of this system, the taxpayers’ invoicing activities and other operations are permanently under observation, so it is much easier to control tax evasion. e-Invoicing allows Tax
Authorites to:

  • Monitor as precisely as possible the monetary flow moved by taxpayers through what is billed in their business operations.
  • Maintain a permanent audit of taxpayer purchases and sales and their incidence in models at sector level.
  • Know in detail the tax a company is due to pay to the administration. It is a perfect tool to combat tax fraud.

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e-Invoice features in LATAM

Tax Control Code

Tax Control Code

Identification tools are established in the electronic document to ensure rigorous tax control and establish fiscal validity.
 

Administrative procedures

Administrative procedures

Some countries require a preliminary certification process or registration as an e-Invoice issuer and recipient.
 

Format

Format

The administrative authority of each country certifies the mandatory format (usually XML), the required information and the way to submit it.

Electronic signature

Electronic signature

This is a system extensively used by all the countries that have taken up e-invoicing. It makes it possible to ensure invoice authenticity and content integrity.

Printing format

Printing format

Visual representations of the e-document are sometimes needed for processing by recipients who don’t have integrated tech solutions.

Archiving

Archiving

Archiving e-documents is usually mandatory on both issuer and recipient for a determined period.
 

Which advantages does e-Invoicing bring to your company?

Tax benefits

Tax benefits

The document undergoes numerous legal and tax checks, as it is postulated as a tax-based collection mechanism.

Operating efficiency

Operating efficiency

The automation of invoice management (issuance, sending and receipt) and its integration into accounting systems and accounts management translates into time reductions, suppression of human errors and enhanced efficiency.

Cost reductions

Cost reductions

Up to 90% cost difference between issuing a paper invoice and an electronic one. Does away with printing, postage, shipping and receipt generation, ensuring significant savings.

Manage your e-Invoicing globally

Managing e-Invoicing projects with different partners from different countries is possible. The EDICOM Global e-Invoicing Platform can adapt to national laws and apply all local requirements (digital signature, formats, archiving, etc.).

Our Global e-Invoicing Observatory is tasked with gathering knowledge on existing models and ensuring a service that is permanently updated to the regulations in each country.

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