e-Invoicing becoming widespread in Italy

As of today, 31 March, all public administrations in Italy, including local and regional authorities and their suppliers, must use mandatory e-invoicing. The rollout of this system began in June 2014 with the Ministries, the Tax Agency and State Security bodies the first to sign up. Now, with the latest incorporations, the adoption of e-invoicing in the Public Sector is complete.

Although migration of all the administrations was initially scheduled for completion by June, a Decree-Law issued in April 2014 brought this deadline forward by two months. That is, until March 31. Bear in mind that the expansion of e-invoicing in Italy is progressing apace. According to official figures, by the end of August last year, 12,170 public bodies had signed up voluntarily to the Local Administrations interchange system.

It is estimated that the obligation to issue e-invoicing now reaches 21,000 public organizations, compared to the 9000 that signed up in June 2014. With the generalized spread of this technology, the Administration looks forward to savings of around 1.5 million euros annually, thanks to a reduction in costs related to infrastructure, printing, sending and greater workload. This cost saving is one of the main objectives of e-invoicing, but not the only one. FatturaPA will also improve administrative procedures and boost productivity. Moreover, it will further the fight against tax evasion, thanks to the assurances in traceability of payments.

 

How to issue an electronic invoice?

For maximum automation of billing in SMEs or multinationals, EDICOM as design an International e-Invoicing Platform, adapted to the legal requirements in force in Italy, as well as other countries worldwide. This way, creating, sending and preserving an invoice, and even integrating it into the issuer company’s information or accounting system, can be done with scarcely any human intervention.

 


 

Sources:

http://www.fatturapa.gov.it/export/fatturazione/sdi/Circolare_1-DF_9_marzo_2015.pdf

http://www.normattiva.it/uri-res/N2Ls?urn:nir:stato:decreto.legge:2014-04-24;66!vig=

http://fatturapa.gov.it/export/fatturazione/it/normativa/f-2.htm

http://www.fatturapa.gov.it/sdi/comunicazione/Brochure_FatturaPA.pdf

http://www.edicomgroup.com/it_IT/news/4904

http://www.businessonline.it/news/31370/fattura-elettronica-scadenza-31-marzo-2015-proroga-parziale-e-gia-praticamente-certa.html

http://www.edicomgroup.com/it_IT/solutions/einvoicing/global-e-invoicing.html

FAQs about e-invoicing in Argentina

The Federal Administration of Public Revenue (AFIP) recently announced the massive mandatory application of e-invoicing in Argentina. This system was first used in 2006, but it was not until 2014 when its expansion throughout the country took place, due to approval of General Resolution 3571/2013. Now, the publication on 11th March of General Resolution 3749/15 goes one step further and requires more taxpayers to use electronic billing. If you have any doubts and queries about it, in this post we answer the most frequently asked questions about the new rules.

 

  1. What is e-Invoicing?

The e-invoice is equivalent to an invoice on paper and legally valid for tax purposes. Moreover, this system provides extra security conditions, as it ensures the document’s authenticity and integrity.

 

  1. What are the advantages of this system?

Use of e-invoicing will enable the authorities to better monitor business activities carried out in the country, thus helping prevent tax evasion. Moreover, with this system the process is automated, so errors and the costs arising from the use of paper, administrative management and sending are kept to a minimum. All this helps boost cost savings and productivity in the company.

 

  1. For whom is it mandatory?

As of 2014, all groups indicated in the General Resolution 3571/2013 are required to issue electronic invoicing. Soon, as indicated in the new General Resolution 3749/15, all taxpayers registered for Value Added Tax (VAT) will have to join the system and stop issuing their invoices on paper. In addition, the legislation also provides for the accession of a small group of individuals and businesses, regardless of their taxation status. This group consists of companies providing prepaid medical services, privately-run public education institutions, rural property agencies, those renting property for tourism and, finally, art galleries, dealers and traders.

 

  1. When do I need to start issuing e-invoices?

According to article 24 of General Resolution 3749/15, e-invoicing will be compulsory from next July 1.

 

  1. What happens if it is impossible for me to join the system, although I am required to do so?

The legislation provides some exceptions (Article 8) for taxpayers with difficulties in joining the system by the scheduled date. In these cases, the taxpayers must justify their situation between April 1 and May 31.

 

  1. How are e-invoices issued?

There are two options for issuing electronic invoices. On one hand, small businesses with a low billing turnover can do it manually with a fiscal key through the AFIP website. On the other, the entire process can be automated through the use of specific solutions, which can generate the file, submit it to the AFIP via webservice, send it and store it safely. In the case of the EDICOM e-Invoicing Platform, which facilitates the procedure for big businesses with a high billing turnover.

 

  1. What type of invoices are affected by Resolution 3749?

As stated in Article 2 of the resolution, taxpayers must issue the following documents electronically:

  • Class “A” invoices and receipts, “A” with the legend “PAYMENT       IN C.B.U. NOTIFIED” and/or “M”, where indicated.
  • Class “A” credit and debit notes, “A” with the legend “PAYMENT       IN C.B.U. NOTIFIED” and/or “M”, where indicated.
  • Class “B” invoices and receipts.
  • Class “B” credit and debit notes.

 

  1. Do individual flat-rate taxpayers (monotributistas) have to join the system?

The flat-rate payer categories B to G are not required to join the regime, although they may do so on a voluntary basis. The remaining categories (from H to L) signed up for electronic invoicing in 2011.

 


 

Sources:

http://www.edicomgroup.com/es_AR/news/5532

http://www.boletinoficial.gov.ar/Inicio/index.castle?s=1&fea=11/03/2015

http://www.afip.gob.ar/monotributo/categorias.asp

http://www.afip.gob.ar/

http://www.edicomgroup.com/es_AR/solutions/einvoicing/features_ar.html

http://biblioteca.afip.gob.ar/dcp/REAG01003571_2013_12_16

Expanding Your Company to Latin America

Economy changes really fast nowadays, and, surprisingly, terms like “globalization” start to seem old-fashioned. This is not because global expansion and bonds between countries across the world are no longer important. In fact, they are probably more important than ever. The truth is that now we assume that if a company has the possibility to make business abroad, it will expand. Many companies have already realized that their growth can’t only rely on the domestic market.

For U.S. companies, the Latin America region is the first destination to face. Economic relationships across the continent have been encouraged by the Government in the recent years. Other competitors have introduced themselves in the Latam market too, like China, but the U.S. still maintains a big lead, with up to $850 billion in combined imports and exports in 2013. Thanks to technology, the economic expansion to Latin America is no longer only affordable for large companies. With the fastest growing internet population in the world, Latin American is also attracting many start-ups and smaller companies.

But why is this region son attractive? Latin America has ambitious infrastructure expansion plans for the years ahead, and, therefore, has become a fertile source of business opportunities for the more technologically advanced U.S. companies. This region is rich in resources, has a young population and a political landscape that is becoming more democratically stable.

When it comes to considering your company’s expansion to Latam, you must be aware that the division line is not only set on the south of the US. The Latin American region countries share some common characteristics, but are mostly different. Some countries like Chile or Argentina are more economically developed, while others like Nicaragua or Paraguay have still plenty of challenges to face.

But one thing that most of these countries do have in common is the expansion of the mandatory electronic invoicing compliance. Latin American stands ahead in the roll-out of e-invoicing regulation, with roughly 25 billion e-invoices issued in 2014, half of the digital invoices exchanged worldwide. Contrary to what happens in the U.S., companies in Latin American must issue electronic invoices, which must respect the pre-established format and several other requirements that can vary in each country.

To make companies’ path to success milder, EDICOM has developed a Latam e-invoicing solution, which is ready to issue electronic invoices that respect the different compulsory models set in countries such as Mexico, Chile, Brazil, Ecuador, Argentina or Peru. Electronic invoicing is just one of the challenges that companies must face when expanding to Latin America. Are you ready to face the rest?

e-Invoicing to be mandatory for all VAT-registered businesses

The Federal Administration of Public Revenue (AFIP) has announced the massification of e-invoicing in Argentina from next July 1. Earlier this month, the head of AFIP, Ricardo Echegaray, revealed that this system will become generalized over the summer, replacing some of the previous informative regimes in force to date. Now, General Resolution 3749 specifies the details of this measure.

 

Who must issue e-invoicing?

The new regulations stipulate that all taxpayers registered for Value Added Tax (VAT) must join the system no later than July 1, 2015. This also applies to a small group of individuals and companies, regardless of their assessment status. Specifically, this group consists of companies providing prepaid medical services, privately run public education institutions, rural real estate agencies, those renting property for tourism and, finally, art galleries, dealers and traders.

However, AFIP states in Heading II of the Resolution that VAT-exempt taxpayers may opt to sign up as of next April 1. In addition, the legislation is open to making certain exceptions for those with difficulties in implementing e-invoicing, provided they can justify their situation. In this case, a period between April 1 and May 31 is set.

 

Which invoices are affected by the ruling?

As indicated in article 2, the following invoice types must be issued electronically:

  • a) Class “A” invoices and receipts, “A” with the legend “PAYMENT IN C.B.U. NOTIFIED” and/or “M”, where indicated.
  • b) Class “A” credit and debit notes, “A” with the legend “PAYMENT IN C.B.U. NOTIFIED” and/or “M”, where indicated.
  • c) Class “B” invoices and receipts.
  • d) Class “B” credit and debit notes.

However, this obligation does not include the purchase and sale of personal property or the provision of services that takes place outside the premises, office or establishment. Nor will it be mandatory when billing takes place at the time of delivery of the goods or services provided, at the customer’s premises or at a different address to that of the invoice issued.

 

Other news

In addition to generalizing e-invoicing, General Resolution 3749 also does away with the RCEL System for Issuing Electronic Invoices Online. This means that all those who were under this system must now migrate to the e-Invoicing Issuing Regime or RECE by 1 July.

The new tax features proposed by AFIP in this Resolution will help support business operations carried out in the domestic market. Moreover, with the massive use of e-invoicing savings will increase, both in the public and private sectors, due to less use of paper and physical infrastructure.

 

Solution for issuing e-invoices

EDICOM has developed an international e-invoicing platform, tailored to the requirements laid down by tax authorities around the world, including in Argentina. This solution makes implementing e-invoicing easier, automating the invoice issuance, submission and safekeeping process.

 


 

Sources:

http://www.boletinoficial.gov.ar/Inicio/index.castle

http://www.edicomgroup.com/es_AR/news/5497

http://www.edicomgroup.com/es_AR/solutions/einvoicing/features_ar.html

http://www.edicomgroup.com/es_AR/solutions/einvoicing/features_ar.html

EDICOM takes part in Factuur Congress

Next 9 April is the date set for the 8th edition of Factuur Congres , to be held in DeFabrique (Utrecht) . The event brings together scores of e-billing professionals and users, who will discuss the present and future prospects of this increasingly widespread system around the world. EDICOM will take advantage of the conference to introduce, at stand 30, the most cutting-edge solutions for sending and receiving electronic invoices legally and technically ready to operate in the continental and international scope.

The session is due to start at 8:30 in the morning and lasts throughout the day. The event looks forward to hosting more than 300 attendees, experts in the area and e-invoicing users, from both public and private sectors. We must take into account that this technology is being used with increasing frequency, due to the legal initiatives being taken in the European Union and the different member states. In this sense, Minister of Economic Affairs Mark Bressers will be highlighting the latest progress benchmarks reached in The Netherlands.

Beyond the current e-invoicing scenario in Europe, the event’s main focus will be on automation. The development of solutions that carry out accounting procedures with scarcely any human intervention enables us to make maximum profit from e-invoicing. This way, processes are streamlined and the possibilities of error are diminished, which translates as increased productivity. To this we can add the lower investment required in infrastructure, paper and sending, so the savings compared to traditional procedure can reach as much as 90%.

With this aim of fully exploiting the advantages of e-invoicing, the EDICOM experts have developed the International e-Invoicing Platform. This is a solution adapted to the legal and technical requirements of any country in the world and which is able to connect with the different organs via web service, thanks to a powerful Public Administrations Hub. In other words, this solution, which will be on display at stand 30, not only automates the process, but also brings together everything necessary to operate in different environments in one single platform. A real breakthrough for big multinational corporations.

EDICOM invites industry professionals who want to learn about the latest e-invoicing innovations and international trends to attend the conference free of charge.

 

For access accreditation:

 

Do you know about worldwide e-Invoicing?

If you would like to arrange a meeting with our professionals to get to know EDICOM’s e-invoicing solutions at first hand, please fill out the application form below.

 


 

Sources:

http://factuurcongres.nl/

http://www.edicomgroup.com/solutions/einvoicing/global-e-invoicing.html