Why a New OSE Mandate in Peru Could Leave Companies Searching for Partners

Paxton Bravo
November 2, 2018

Peru is giving large companies just five months to comply with a requirement to partner with a certified Operator of Electronic Services (OSE) for clearing e-invoices, a mandate that will require some companies to seek service providers before the deadline.

As of March 1, 2019, all taxpayers considered a national or regional large company by the tax administration will need to validate invoices with an OSE—a third-party service provider—which will then make the invoices available to the other parties involved in the transaction. The OSE will act as the government’s agent for clearing invoices, validating the information in each invoice before relaying it to the SUNAT, Peru’s tax authority.

Peru OSEs act as e-invoice clearance agents for the government

OSEs will validate invoice information in real-time before sending it to the SUNAT with a maximum delay of one hour. In addition, Peru is requiring OSEs to provide a web portal for sellers, buyers, delivery companies and other invoice recipients. The portal will make available critical information about the documents OSEs have validated. Information available in the portal will include e-invoices, e-receipts, credit notes, debit notes, and the so-called “comprobantes de percepción.”

Although in Peru there are more than 100 Electronic Service Providers, locally known as PSEs or Proveedores de Servicios Electronicos, which provide e-invoice processing and reporting services, the Peruvian government has thus far approved fewer than 10 of those providers as OSEs. Further, companies that are not currently PSEs will have difficulty achieving OSE certification, as the certification process can take months. The upcoming holiday season will also delay certifications.

Will Peru start an OSE e-invoice clearance trend?

Effectively, that means that companies considered large under the current legislation have to partner with an OSE before March 1 or risk being out of compliance with the new mandate. Companies that currently partner with an OSE for e-invoice compliance should be in good position to be in compliance prior to the deadline. Those that do not, however, will need to find an OSE quickly.

Given the copycat nature of e-invoicing mandates in Latin America and around the world, Peru’s aggressive move could signal the start of a trend toward other countries adopting similar mandates. Finding a company with the breadth of functionality and experience to handle the OSE role would then be critical not just in Peru but on a global basis as well.

Take Action

Sovos is one of only a few companies certified by the SUNAT to function as an OSE. Learn more about how Sovos has kept companies in compliance in Latin America for more than a decade.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Paxton Bravo

Share This Post

Tax Information Reporting United States
July 11, 2019
Why the IRS Needs to Release Cryptocurrency Tax Guidance

Despite IRS Commissioner Charles Rettig’s promise of “within the next 30 days” more than 30 days ago to Congress regarding the release of forthcoming cryptocurrency tax guidance, we have not seen anything materialize.  As we mentioned previously, the ongoing confusion related to tax reporting obligations continues to plague payers such as crypto or digital currency […]

EMEA Tax Compliance
July 10, 2019
New Regulation Reinforces Free Flow of Data in the EU

When thinking about the aim of GDPR, one of the first things that comes to mind is the set of rules, obligations, and restrictions on the processing of personal data. When in fact, as the full title of GDPR – General Data Protection Regulation – and its recitals explain, the subject matter and purpose of […]

E-Invoicing Compliance EMEA
July 10, 2019
Greek E-Invoicing Reform: Potential Impact of Recent National Elections

On 7 July, Greece began voting to elect a new government.  The disposed governing left party has been dealt with a hefty blow having been in power since 2015.  It was hoped they would introduce less severe politics which many claim they have not only failed to do but, in fact, they actually introduced stricter […]

Tax Information Reporting United States
July 9, 2019
The IRS Is Allowing TIN Masking on Form W-2. Here’s Why It’s a Good Idea

At last, the IRS is allowing payers to truncate, or effectively mask, tax identification numbers (TINs) on Forms W-2 sent to payees. The decision comes after years of concern from companies and taxpayers about the risk of exposing TINs, or Social Security Numbers in the case of individual payees, in W-2 distributions.  The new policy […]

EMEA IPT
July 9, 2019
Interpreting Insurance Tax Legislation

Tax legislation is sometimes structured, or worded, ambiguously.  This leaves scope for a number of different interpretations for the treatment of tax on insurance policies, some leading to a lower tax liability than others. This can often be seen when different insurance premium tax (IPT) rates apply to specific sub-classes of the same business or […]