Rollout of e-billing in Chile will be completed by February 1, 2018, one year later than initially scheduled. This delay is due to one of the modifications of the 2014 Tax Reform, which extends the deadline for SMEs and microbusinesses to migrate to the Electronic Tax Document (DTE). Nevertheless, the date remains the same for large companies with revenue of over 100,000 UF a year. They will have to adapt within just a few weeks: by 1 November.
Rollout of e-invoicing in Chile is taking place gradually, regulated by Transitory Article 1 of Law nº 20.727. The article sets forth a schedule affecting 5 different taxpayer groups, depending on the type of company, their income level and location. The new Tax Reform affects 4 of these 5 sectors, taking in all companies with revenue of less than 100,000 UF annually.
After adaptation of the big companies by November 1, SMEs located in urban areas and with income between 2400 and 100,000 UF will have a deadline of 1 year and 9 months to sign up to the DTE. In other words, until August 1, 2016. Next up for the switchover will be companies with the same income level, but located in the rural scope, as well as urban microbusinesses (less than 2400 UF a year). For these two groups, the target date is February 1, 2017. The last to join will be rural microbusinesses, which will have another year’s grace, until February 1, 2018.
The Tax Reform also modifies other e-invoicing related aspects in Law n° 20.780, such as the rates and codes laid down for soft drinks, alcoholic beverages and other related products. The changes can be consulted on page 465 of this document.
We invite you to attend this workshop at no cost as its objective is to provide industry with the necessary information needed to adopt Cargo-XML standards, which are currently being adopted by several airlines, freight forwarders, ground handlers and Customs authorities globally such as the United States, Argentina, and Mexico.
The event will take place on October 30 from 9:00 am to 5:00 pm , Crowne Plaza Miami International Airport, Miami , USA .
Participants will be introduced to the methodologies on how to implement Cargo-XML and how to address the challenges during adoption especially when migrating from Cargo-IMP to Cargo-XML.
The workshop will cover best practices when communicating from Cargo-XML to Cargo-IMP and vice versa. A demonstration of Cargo-XML Manual and Toolkit will also be presented at the workshop.
Download the workshop program (pdf) for more details.
The big international event, to be held on 26 and 27 November in Paris, brings together more than 3,000 professionals from around the world interested in the best e-solutions for optimum supply chain management.
EDICOM will be presenting the many possibilities offered by EDI for the exchange of information between logistics operators and their trading partners or customers (suppliers and distributors). From our EDICOMNet value added network to the Global Outsourcing service, which runs 100% of the company’s B2B communications platform, or our Integrated EDI solution.
These solutions will be at the Supply Chain Event trade fair held in Paris on 26 and 27 November, with EDICOM taking part as exhibitor at stand F35.
WE INVITE YOU TO LEARN
During the event, our experts will be holding a practical workshop on the possibilities EDI offers in the logistics and commercial management of medium-sized and large companies.
- Title: Réussir son projet EDI en France et à l’International (Make your EDI project a success in France and abroad)
- Aim: Our professionals will be explaining how to start up an EDI and e-billing project in the local and international scope.
- Time and place: Wednesday 26, from 15h to 15.45h in the SALLE ATELIER.
Get your totally free pass to visit the fair from EDICOM. With our invitation you can freely access the site and attend our training workshop.
Orders, delivery notes, invoices, despatch advices… The purchasing and admin departments of large retail sector companies exchange dozens of documents every day with different customer profiles, suppliers, logistics operators and trading partners. A complicated arrangement in which any mistake can have serious consequences for the smooth running of the supply chain.
This is why the retail sector is currently one of the most advanced in the rollout of data integration technologies. EDI automates the majority of the procedures and provides secure connections with suppliers and manufacturers. This exponentially reduces the time companies spend on these tasks and minimizes the risk of error. It is therefore an ideal technology for retail business.
At the recent TI&Varejo trade fair, one of the world’s most important events dedicated to the retail sector, electronic data interchange had a starring role due to the possibilities it offers to manage the supply chain more easily and efficiently. In fact, big companies such as Grupo Gigante, Cortefiel, Dia, Toys R Us or Harrods have already rolled out the system through the EDICOMNet network, Business Mail and Ediwin, among other EDI solutions.
The event held in Brazil also had an extensive conference schedule dedicated to this technology. Among those taking part was our expert EDI consultant William Pascheti, who analyzed the importance of the different types of messages currently used (DESADV, RECADV, electronic catalogue/data pool, etc.) to enhance the flow of business and logistic information along the distribution chain in countries worldwide. This talk is available on video and can be viewed here:
Importance of information flow in the retail sector
In less than a month, Chilean companies with annual revenues greater than 100,000 UF will be required to issue the Electronic Tax Document (DTE). Thousands of taxpayers are set to join them within the next three years, so that by 2017 electronic invoicing will be fully extended in Chile. The initiative affects both the business administration departments of companies and the Internal Revenue Service (SII).
According to former SII Director, Alejandro Burr, by implementing the DTE, the Chilean Treasury stands to raise roughly $600 million per annum due to the reduction in the number of false invoices. The system is an ally that will help improve fiscal control and curb evasion, thanks to its security mechanisms and the electronic record of every business operation.
This, along with the economic saving, is one of the main benefits that have prompted administrations worldwide to roll out electronic invoicing. In Mexico, where the Digital Tax Receipt via Internet is already mandatory for most taxpayers, the Tax Administration Service (SAT) took in 34,2 % more in the first 6 months of the year than for the same period in 2013. As shown in its Tax and Management Report, for every dollar invested in tax control operations, they obtained 61,1.
With the Electronic Tax Document, the SII will have greater control over the fiscal obligations of taxpayers. Every time an electronic invoice is issued, it is automatically declared to the Tax Agency, which is why it is so difficult to operate illegally. Moreover, documentation in electronic format will enable the SII to process and review the data much more quickly.