Electronic Invoicing
The Electronic Payroll Mandate of Colombia
The Colombian electronic invoicing system is reaching maturity level. Since its inception in 2018, Colombia has been steadily consolidating and expanding the mandate to make
Category: LatAm Compliance
Electronic Invoicing
E-invoice Data Reveals the Impact of COVID-19 on Brazil’s Economy
Increased visibility into, and control over, taxpayer financial and trade data is the key benefit highlighted by governments that have introduced continuous transaction controls (CTC)
Electronic Invoicing
Costa Rica: Taxation of Foreign Supply of Digital Services
Overview: The days when suppliers of digital content or services were considered out of reach of local tax authorities because they supplied products and services
Electronic Invoicing
Brazil introduces new rules for NF-e invoices
Although Brazil is known for its complex tax laws that make compliance a difficult task in the country, it is undeniable that the Continuous Transaction
Global Tax Determination
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape
Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the
Electronic Invoicing
Hidden USMCA Compliance Pitfalls for American Companies in Mexico
As part of the recently updated “new NAFTA,” or USMCA, Mexico is enticing companies to move operations into its maquiladora zone of factories along the
E-archiving
New Global VAT Compliance Report Provides Guidance for Multinationals
Companies are dealing with a fundamental shift in the way they do business with trading partners. In a rapidly increasing number of countries, there’s a
Electronic Invoicing
Brazil Implements New E-Invoice Type NF3e
Brazil is often viewed as one of the most complex tax jurisdictions in the world. But, at the same time, it has been very successful
Electronic Invoicing
Extension of Mexican E-invoicing Mandate Puts New Pressure on Maquiladoras
A new wrinkle in Mexican electronic invoicing adds complexity to the e-invoicing process for maquiladoras, or foreign-owned factories operating along the US-Mexico border. Compared to
E-archiving
IMF Study Demonstrates Peru E-invoicing Works for Business and Government
Far from being a burden, Peru’s electronic invoicing mandate has helped medium-size businesses embark on digital transformation while also catalyzing a broadening of the country’s
Electronic Invoicing
New Argentina E-invoicing Mandate Focuses on Improving SMB Financing Options
As a result of an e-invoicing mandate currently rolling out in Argentina, small and medium-size businesses (SMBs) are or will soon be required to use
Electronic Invoicing
Why Clearance E-invoicing Is Both Inevitable and Positive for Businesses
Clearance-model e-invoicing will sweep the globe because it works – at least for tax administrations. With the VAT gap opening to more than half a
Electronic Invoicing
Colombia DIAN UBL 2.1 E-invoicing Mandate Reminds SAP Shops Why Compliance Matters
Colombia’s new electronic invoicing mandate serves as another reminder to SAP that compliance has to be at the heart of digital transformation efforts and migrations
Electronic Invoicing
Colombia anuncia el nuevo modelo de validación previa y el protocolo UBL 2.1 para su mandato de facturación electrónica
La autoridad fiscal de Colombia, DIAN (Dirección de Impuestos y Aduanas Nacionales), ha anunciado nuevos cambios a su mandato de facturación electrónica que serán implementados
Electronic Invoicing
A New VAT System for Costa Rica – Part I
The Costa Rican government enacted law 9635/2019 which introduces a new value added tax (VAT) system effective July 1, 2019. The new VAT replaces the
Electronic Invoicing
Shielding SAP Central Finance Migrations from Tax Compliance Mandates
With more companies focusing on global integration, cross-border supply chains and expanding ecommerce, governments across the globe are introducing new ways to enforce tax rules
Accounts Payable Automation
E-invoicing: Optimization Strategies to Withstand the Digital Tax Tsunami
The great corporate awakening Many corporations that previously saw e-invoicing mandates as a developing country problem are now realizing that invasive transaction-based digital tax controls
Accounts Payable Automation
SAP Central Finance Migration: Tax Compliance Spells Trouble
SAP S/4HANA is the promised land for SAP customers: an entire suite of ERP functionality in one place with a single data store. The ability