The next 5 and 6 October will be celebrated in Barcelona and EDICOM deepen various aspects of the implementation of electronic invoicing in multinational companies.
Guillermo Corbí, International Business Expansion Manager of EDICOM will talk about if it’s possible to centralize the internationalization of my E-Invoicing & B2B projects.
After years of trying to cover local requirements through internal developments, and/or local providers,`many multinational companies have decided to turn their gaze towards the search of a single Service Provider in which to centralize, their B2B, B2G and Electronic Invoicing projects. Along this presentation, we will show up that this is a feasible and value added practice for multinationals, and the most active countries and practices available at present mainly in Europe and Latin American regions.
Rodrigo Fernandez, International Sales Engineer of EDICOM , will present a learning lab about how to operate a global e-invoicing & B2G platform (and not die trying!) Through this session, EDICOM will run a real demo of a platform able to issue and receive electronic invoicingin any European and Latin American country, just using a single interface with the ERP platform that is able to create the required formats, manage the electronic invoicing, communicating with local tax authorities, handling the responses and also running validations either in outbound and inbound projects.Another speaker will be the analyst from Billentis Bruno Koch, author of the report E-billing: Key stakeholders as game changers.
- Monday, October 6, 2014 – B2 13:30
Is it possible to centralize the internationalization of my E-Invoicing & B2B projects?
- Tuesday, October 7, 2014 – B7 13:30
LEARNING LAB (1h) How to operate a global e-invoicing & B2G platform (and not die trying!)
EDICOM invites you to attend the most important event of electronic invoicing in Europe.
You can learn firsthand the status and progress of electronic invoicing with public authorities in each European state, including Spain.
Apply for a Free 100 Ticket
Taxpayers in Peru have been able to issue their bills electronically on a voluntary basis since 2010. However, the Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT) is moving towards making it compulsory. Back in December 2013, Resolution 374-2013 was approved, urging 239 of the company’s largest companies to implement this new system as of 1 October this year. Moreover, as recently published in the La República daily, SUNAT’s aim is that 100% of its taxpayers should be using e-billing by 2017. However, 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. This figure is growing year after year, thanks to the optimization of tasks and cost-cutting associated with the higher productivity and lower costs in terms of paper, printing or postage involved when using this system. This month, they will be joined by another 239 companies with business premises located in Peru, as listed in the regulations. Among them, Bayer, BBVA, Nestlé, Panasonic or Goodyear.
In recent months, countries around the world have taken up similar initiatives to encourage the rollout of electronic invoicing. In addition to the economic and technological breakthroughs involved, it is also a highly effective method to improve fiscal control.
How to implement e-Invoicing?
Peruvian taxpayers who wish to do so may issue electronic invoices voluntarily. To this end, they must first apply to the SUNAT for authorization. Once the approval process is complete, the organization will acknowledge them as electronic issuers and they may use this system.
Currently , there are two mechanisms for issuing electronic invoices. On one hand, MYPE electronic billing, carried out using an application from the SUNAT designed for micro-businesses. And on the other, e-billing integrated with the taxpayer’s system. This is the most efficient model for companies with average to high billing volumes.
The EDICOM international e-billing platform is already up and running in Peru. With this solution integrated in your ERP, it is possible to create, send and store invoices automatically, in accordance with the legal requirements set forth in the country.
Mexican taxpayers sent more than 2.4 billion electronic invoices in the first 6 months of the year. These figures from the Tax Administration Service (SAT) confirm the spread of Digital Invoicing via Internet (CFDI) scheduled for this year 2014. The main reason for this exponential growth is the implementation of legislative measures from the beginning of the year making it mandatory for physical and legal persons to use the so-called CFDI.
The study E-Invoicing/E-Billing: International Market Overview & Forecast published in February by Billentis consulting already highlighted Mexico as undisputed leader in e-billing worldwide. Indeed, this North American country showed the highest growth rates in 2013.
The figures presented now by the SAT, 2400 million electronic invoices, contrast with those of just a few years ago. For example, in 2011 Mexican taxpayers generated no more than 119 million electronic invoices. In fact, the number of CFDI sent in these first 6 months of 2014 already represents 21 % of all electronic invoices generated in the last 10 years, since this new system was rolled out in the country.
Mexico was one of the pioneers in the compulsory introduction of e-invoicing. With the 2nd Resolution of Amendments to the Omnibus Tax Ruling for 2013, the SAT announced that all taxpayers billing more than 250,000 pesos a year should migrate to CFDI before January 1, 2014, although a three-month extension was subsequently agreed.
Electronic invoicing has helped improve the fight against tax evasion in Mexico, but has also entailed a great number of benefits for taxpayers. With the automation of procedures and the use of electronic means to replace paper, Mexican companies have gained both in savings and productivity.
EDICOM, first PAC in Mexico
Edicom is the first PAC in Mexico authorized by the SAT. Our electronic invoicing solutions are designed to meet all legal requirements, while enabling users to take full advantage of the CFDI. In addition, we are endorsed by certificates such as ISO, SOX and NOM151 (electronic notary).
The Diputación de Ciudad Real is now ready to receive invoices in electronic format. This is one of the first Spanish provincial authorities to be fully adapted to Facturae, 4 months in advance of the mandatory start date stipulated by Law 25/2013. Moreover, all municipal authorities in the province, with the exception of Alcázar de San Juan and Navas de Estena, currently have the option of using this system in their business relations with the Administration of Ciudad Real.
In 2013, the Council received over 13,000 invoices. It is estimated that in the traditional process, each bill incurred an average cost of 3 euros, arising from the creation and sending of the documents on paper. This means that with Facturae they would have saved roughly 40,000 euros. For this reason, the provincial agency is promoting several information sessions for businesses and local authorities, to help promote electronic invoicing, even before the compulsory start-up scheduled for January 15, 2015.
In addition to cost savings, Facturae entails other advantages for suppliers. One of the most important is that the invoice issuer has access to all the process information from the moment the document enters the Council offices. In other words, the supplier has traceability of their invoices guaranteed, with no need for them to leave the office to check if they have been accepted, paid, rejected, etc.
The Ciudad Real Provincial Council receives electronic invoices via FACe, the general entry point for electronic invoices of the General State Administration. To connect with FACe and with any other government office at national, regional or local level, EDICOM has developed the Public Administrations Hub. This is a powerful infrastructure, constantly updated with the different communication protocols in force at each of the entry points, whether belonging to the Administration or by adhesion to FACe. This way, total connectivity is ensured.
Within two months, large companies in Chile must start issuing their invoicing electronically. This ruling is compulsory, as set forth in Law 20.727, which sets November 1 as the deadline date for implementation of the Electronic Tax Document (DTE) in those companies with annual revenue of over 100,000 UF. According to calculations by the Internal Revenue Service (IRS), approximately 7500 taxpayers will soon be taking this step towards technological modernization.
However, the big hitters will not be the only companies signing up to the new electronic system. The law passed by the Chilean government last January determines a schedule of deadlines, due to finalize in February 2017 and which includes both SMEs and micro businesses. So, within 3 years some 500,000 taxpayers will have joined the DTE regime.
The periods allowed for incorporation to the electronic billing system vary depending on the income obtained by the companies and their location. The next group to sign up to the DTE will consist of SMEs with a turnover of more than de 2400 UF and located in urban areas. For these businesses, the deadline date is 1 August 2015. Companies with the same level of income, but located in rural areas, will be allowed another 6 month period, until 1 February 2016. By this same date, urban businesses with a turnover of less than 2400 UF will also be obliged to join the electronic billing system. Finally, on 1 February 2017 it will be the turn of micro-businesses located in rural areas.
With this forecast, Chile will have completed the rollout of mandatory electronic invoicing in scarcely 3 years. This measure, now increasingly widespread in countries around the world, will improve procedures, cut down on errors, reduced tax fraud and, most of all, boost savings.
How to issue DTE?
To issue DTE it is advisable to have an e-billing platform like EDICOM’s, which is responsible for generating, sending, receiving and storing the documents practically automatically. This solution is adapted to the requirements laid down in Chilean legislation and has an electronic communications service with the IRS for online declaration of invoices for tax purposes.