AFIP sets 3-month deadline extension for e-invoicing

July 1 was the deadline for VAT payers in Argentina to join the e-billing system. However, the Federal Public Revenue Administration (AFIP) has announced in a communiqué posted on its website that until October 1, all situations reported by taxpayers concerning difficulties in meeting the obligation will be considered. This means that until that date, invoices issued on paper will continue to be valid for some exceptional cases.

With the approval of General Resolution N° 3749, the AFIP opened up a window to discuss the new billing regime with those sectors facing most difficulty in adopting it. The period for issuing these suggestions ended last May 31. Even so, the tax authority now confirms that all the situations put forward will be taken into consideration until October 1st, even if they have not been reported via the dialogue window stipulated in the regulation.

In the weeks prior to the deadline for migration to the new e-regime, several groups of businesses, particularly SMEs, called upon the Finance Minister to allow more time for technological adaptation to the system. So, the AFIP finally granted this three-month extension, with the aim of gradually achieving widespread use of e-invoicing, to make the most of the advantages of this technological breakthrough.

An increasingly paperless Argentina

As is happening in other countries like Mexico or Chile, Argentina aims to remove paper from admin and business processes. General Resolution No. 3749 is expected to reach 800,000 electronic issuers, a figure that will grow in the years to come. The AFIP has also announced that as of January 2016, new taxpayers will be eligible for e-invoicing, regardless of their assessment status.

How to issue e- invoicing?

Taxpayers affected by General Resolution N° 3749 must adapt to the new system as soon as possible. Bear in mind that those that fail to do so by the end of the extension deadline will be facing penalties ranging from $300 to $ 30.000, reports the AFIP in its FAQs.

To find out how to migrate to e-invoicing in Argentina, EDICOM has prepared a free guide you can download here. The guide explains all the details of the new system and how companies can benefit from this obligation.

(Argentina) e-Invoicing now mandatory for registered VAT payers

As of 1 July, all Argentinean taxpayers registered for Value Added Tax (IVA) must issue e-invoices to support their business operations in the domestic market. This is laid down in Resolution 3749, published by the Federal Public Revenue Administration last March.

The legislation also requires a small group of individuals and businesses to join the system, regardless of their taxpayer status. The list includes companies providing prepaid medical services, privately-run public education institutions, rural real estate agencies, people renting property for tourism purposes and, finally, art galleries, dealers and traders.

Along with the spread of e-invoicing, General Resolution 3749 implements other new features. For example, reporting systems are eliminated from the aforementioned sectors, to facilitate bureaucratic tasks. In addition, the former Online Issuing Regime for Electronic Invoices or RCEL disappears, to be replaced automatically by the e-Invoice issuing Regime or RECE.


Still haven’t migrated?

If you are one of the taxpayers affected by these regulations, you must immediately adapt to this new system to avoid possible sanctions. We advise you to download this free white paper, in which you will find all the details on e-invoicing and discover how to migrate to the system in a few easy steps.


Ongoing growth

The AFIP forecasts that the obligation to issue e-invoices will reach a total of 810,000 taxpayers. In the coming months, new taxpayers will adopt this technology, which helps cut costs and streamline operations. In fact, the new General Resolution 3779 requires other sectors to join the electronic system as of January 2016.


e-Invoice issuing solution

To speed up the process of sending and receiving e-invoices, EDICOM has developed a platform which integrates with the ERP and automates all transactions. In addition, it is aligned with the AFIP requirements, as well as those set forth by the rest of the tax authorities worldwide. This way, beyond compliance with current legislation, it brings great benefits for the company.

Peru Makes Bill of Sale Electronic

Peru has started issuing electronic bills of sale in an effort to continue institutional modernization. SUNAT, Peru’s tax administration, implemented the electronic bill of sale by publishing regulation No. 132-2015 on May 27th of this year. The bill of sale is now included among the types of payment vouchers that can be processed electronically through SEE-SOL, the system Peru uses to issue electronic documents, along with invoices, credit notes and debit notes.

According to the regulation, only people with quality electronic bill presentment services have the ability to generate an electronic bill of sale. To do this, taxpayers must have a domicile tax status. Also, their tax status can’t be in a state of temporary suspension or have been rejected by the RUC, the computer record that contains identification data on taxpayers and taxes administered by SUNAT. The third requirement is that they can’t belong to the NRUS, which was created by Decree Law No. 937. The NRUS is the tax regime directed to individuals that obtain income exclusively by carrying out business activities such as operating small restaurants, juice bars, shoe stores, and etc.

This new measure is a step closer to digitalizing society, which decreases the use of paper to make operational procedures more efficient therefore reducing economic costs. The electronic format of the bill of sale may be used, as pointed out in the resolution, with consumer end operations except in regard to the sale of hulled rice, accommodation and food services to those with a non-domiciled tax status and transactions exempt from general sales tax. Other restrictions include not using the electronic bill of sale to sustain tax credit, expenditures or costs and for transporting goods unless a printed representation is included.


About the Electronic Invoice in Peru

Peru has been issuing electronic payment vouchers since 2010. The use of electronic payment vouchers started to increase in 2014, once taxpayers began to obey the mandate SUNAT issued, which offers them a greater guarantee of security. Furthermore, it allows them to optimize administration and management tasks using technology.

EDICOM is recognized as an accredited provider by Indecopi, an institution in Peru responsible for approving standards among all sectors. Therefore EDICOM offers a solution for issuing electronic invoices that is aligned with SUNAT’s requirements. One reason why this solution offers multiple benefits to its users such as saving time and money is because it’s an automatic platform that does not require the services of third parties.

Argentinean e-invoicing in detail

As Head of Sales at EDICOM in Argentina, Diana Salazar has put her expert knowledge of the technical and legal requirements of e-invoicing into practice, helping to draft a free practical guide to electronic billing, which addresses all the most salient points of this new system, from the current rules governing e-invoicing to the steps that must be taken to adopt it. The aim is to help Argentine taxpayers take this technological leap more easily.

We must remember that in just a few weeks, as of July 1, General Resolution 3749/15 will make e-invoicing mandatory for the immense majority of taxpayers. In fact, the Federal Administration of Public Revenue (AFIP) expects to soon reach 800,000 e-invoice issuers. The ruling affects all VAT registered taxpayers, but also a smaller group of individuals, regardless of their tax assessment status.

In this Expert Analysis, Diana Salazar takes a look at the development of e-invoicing in Argentina since it began to be regulated in 2002. The document explains how the current regulation came about and provides details of who is required comply and how they must do so, in just three easy steps.

In addition, readers will learn about the different options available for issuing e-invoices. Specifically, the Expert Analysis highlights the most appropriate solutions for multinationals and medium-sized and large companies, as in these cases automation is key to achieving economic savings.

If you would like to find out more, simply click here and enter some basic details. We will send you this handy guide with everything you need to know about e-invoicing in Argentina.


Peru moves towards Electronic Issuing System

In 2015, e-invoicing is spreading throughout Latin America, with new fiscal policies designed to generalize its use. One of the countries taking part in this technological leap is Peru. According to the National Superintendency of Tax Administration (SUNAT), by the end of this year more than 107 million electronic invoices and receipts will be in circulation in the country.

Back in 2013, Resolution Nº 374-2013 summoned a group of 239 large companies in Peru to join the Electronic Issuing System (SEE) by 1 October. Since then, there have been two extensions, so the deadline for these companies to join the new regime is now 1 August.

In addition, SUNAT published a second list last September which required 778 businesses to adopt this system by 1 July this year. By then, there will be over 1000 new taxpayers issuing e-invoices in 2015. They will be joined by those taxpayers joining the SEE voluntarily. For now, SUNAT proposes that e-invoicing should be implemented 100% by 2017.

To integrate this technology in businesses, there are several options. On one hand, EDICOM has developed a low-cost, quick start-up web solution, which lets you enter the invoice date manually through a web portal. On the other, the integrated solution is designed for companies generating high billing volumes. The platform is integrated with the ERP, extracting the data and carrying out the creation, sending and storage process automatically.

With rollout of the Electronic Payment Receipt (CPE), benefits for taxpayers are estimated to reach savings on resources of up to 60%. Bear in mind that this method not only cuts the document costs arising from transport, printing and storage, but also reduces the time spent on management. In addition, the spread of e-invoicing will encourage businesses to also adopt the digital format for other tax documents, for example pay slips.


EDICOM, accredited by Indecopi

The National Institute for the Defence of Competition and Protection of Intellectual Property (Indecopi) has acknowledged EDICOM as Digital Certification Services Provider. This accreditation means that EDICOM does not depend on third parties at any stage of the e-invoicing process.