Peru SUNAT Publishes E-Invoicing Mandate for All Multinationals

Scott Lewin
August 13, 2015

This blog was last updated on August 13, 2015

Peru published new legislation on August 3, 2015 that mandates electronic invoicing as the standard starting in 2016.  Over the last few years, the SUNAT (Peru’s Tax Authority) has announced a number of e-invoicing waves; however, this latest legislation focuses exclusively on large and medium organizations classified as PRICOS (principal contribuyentes nacionales).

Below is the key information on the Peru mandate:

Name of mandate: Resolucion de Superintendencia de la SUNAT 300-2014

Important Dates:
Electronic Invoicing – Comprobantes de Pago Electronicos (CPE):

  • 1st wave: October 1, 2014 for 239 companies [Published 2013]
  • 2nd wave: July 1, 2015 for 778 companies [Published Sep 2014]
  • 3rd wave: July 15, 2016 of all PRICOS  as of July 31, 2015  [Published August 3, 2015]
  • 4th wave: December 1, 2016 for those taxpayers that as of July 31, 2015 have:
    • The capabilities of a principal contribuyente  of the intendencia of Lima Peru
    • The capabilities of principals contribuyentes of the regional and municipalities

All multinational companies should be included in the 3rd wave with a deadline of July 15, 2016. If you do not know if your organization is designated PRICO, check with the SUNAT immediately.

 

The above information is published on the SUNAT website at http://www.sunat.gob.pe/legislacion/superin/2015/203-2015.pdf.

Requirements

  • Electronic Documents: Electronic Invoices, Boleta de Venta Electrónica (end consumer), Credit Note, Debit Note, Daily Summaries, Comunicación de Baja
  • Outbound:  Sending Invoices to customers – These must be approved by the SUNAT and approved with a CDR (constancia de recepcion).
  • Inbound: Ability to receive invoices electronically from suppliers.
  • Certification Process (Proceso de Homologacion): Testing phase must be completed within 25 days.
  • Contingency:  Will be used when the systems online is unavailable due to updates and maintenance. 
  • Storage:  Documents must be stored for 4 years.
  • Cancellations:  Applies to all electronic documents. You have up to 72 hours after receiving the CDR from the government. 
  • Daily Summaries:  For contingencies and cancellations 
  • Guia de Remision or Guia de Transportista: Document must be on truck and approved by government. Typical process for many companies is to ship with the Factura and the Guia de Transportista on the truck.
    • Libros PLE Mandatory Reports Electronically:
      • Compras (Purchases)
      • Ventas (Sales)
      • Libro Diario (Daily ledger)
      • Libro Major (General ledger)

As part of go-live, an organization needs to make their readiness declaration.  The requirements include:

  • Check if invoices, boletas de ventas, credit and debit notes, daily summary and contingencies are within the standards of the SUNAT
  • Both the electronic and paper documents must pass the certification process
  • Once Successful completion of the test, the SUNAT will issue a Resolucion de Intendencia (R.I)

Note: you can’t be live in Peru without the R.I. The legislation states that once you start the testing process you have 25 days to complete the process or you will be asked to start again. This means that having a provider that works with you through certification is critical.

From a timing perspective, keep in mind that you will not want to go live with electronic invoicing during a fiscal period as switching over from a manual to electronic invoicing may impede your accounting processes.

You will run into a lot of vendors in Peru, and many will say they can support compliance. So ensure you understand the entire process or you will find yourself with operational issues, IT support issues, and at risk for audit penalties.  Remember this is as much a project management issue and SAP ERP issue as it is a web service integration issue. Make sure your providers solve the SAP configuration issues, the Libros reporting extracts, the web service integration and the assistance and management of your certification.

To learn more about the new e-Invoicing & Libros mandates in Peru, listen to webinar replay: Peru SUNAT Announces E-Invoicing Mandate for All Multinationals

Sign up for Email Updates

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

Author

Scott Lewin

Gain timely insight and important up to the minute information about the current legislative changes in Latin America, including Brazil Nota Fiscal, Mexico CFDI, Argentina AFIP and Chile DTE. Learn how these changes affect your operations, your finances and also your Information Technology teams.
Share this post

Hungary Supplemental Insurance Premium Tax
EMEA IPT
July 11, 2022
Extra Profit Tax: An Introduction to Supplemental IPT in Hungary

This blog was last updated on October 28, 2024 Update 7 October 2024 by Edit Buliczka Hungarian Tax Office Updates IPT Declaration Form for 2023 The procedure necessary to correct an underdeclared premium figure in Hungary can be complicated. The complexity of a correction for return form 2320 has become even more challenging. Following a […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
November 1, 2024
New ViDA Proposal Set for ECOFIN Approval

This blog was last updated on November 1, 2024 The Council of the European Union has released a new proposal regarding the VAT in the Digital Age (ViDA) reform. The proposal aims to modernise and streamline VAT systems across the EU, notably e-invoicing and Continuous Transaction Controls (CTC). Members States will review it on 5 […]

what is peppol
E-Invoicing Compliance North America
October 29, 2024
What it is PEPPOL?

This blog was last updated on October 29, 2024 Peppol E-invoicing explained: What it is and how it works The global adoption of electronic invoicing is accelerating. Governments worldwide are pushing to adopt e-invoicing to digitally transform their national systems and, often, to close the VAT gap. While many countries have introduced their own e-invoicing […]

remote sellers sales tax
North America Sales & Use Tax
October 28, 2024
Will Congress Act to Simplify Remote Seller Sales Tax Collection

This blog was last updated on October 29, 2024 When the United States Supreme Court ruled in 2018, that South Dakota’s law imposing sales tax collection requirements on sellers without in-state physical presence was constitutional, it did not grant states free reign. States are still responsible for ensuring that their sales tax requirements are manageable, […]

dtc shipping laws for craft spirits
North America ShipCompliant
October 23, 2024
Why It’s Time to Reform DtC Shipping Laws for Craft Spirits

This blog was last updated on October 23, 2024 While wine lovers have enjoyed the convenience of direct-to-consumer (DtC) shipping for nearly two decades, the craft spirits market is still not afforded the same access. Outdated and restrictive spirits shipping laws have kept the spirits industry from fully leveraging the benefits of DtC shipping, leaving […]

reporting unclaimed property
North America Unclaimed Property
October 21, 2024
Three Key Reminders for Businesses Reporting Unclaimed Property

This blog was last updated on October 21, 2024 Unclaimed property compliance is one of those legal obligations that often flies under the radar for many businesses, especially smaller ones. However, failing to stay compliant can quickly turn minor oversights into major liabilities. In many cases, the penalties far exceed the value of the property […]