Supply Chain Finance: Optimizing Working Capital
Director of Supply Chain Finance at Sovos, Oliver Belin, was recently interviewed by Ron Hesse at GlobalBusinessProfessor.com.
Category: LatAm Compliance
Mexico CFDI 3.3 and Complemento de Pagos Extension to December 1st, 2017
On May 12th, 2017, the SAT (Mexican tax authority) announced that it will be providing taxpayers an extension for the implementation of CFDI version 3.3
Mexico’s Payment Receipt Requirement Interrupts SAP Workflows
As Mexico attempts to better track the money flowing through its economy – and the taxes owed on said transactions – it recently introduced a
Colombia’s DIAN Provides E-Invoicing Update
Now that Colombia’s e-invoicing pilot program has concluded, the country’s tax administration (DIAN) is evaluating lessons learned and next steps prior to unveiling its official
Manufacturers Face Uncertainty in U.S. Tax Reform
Tax reform is a primary focus in Washington right now, so it is important that U.S. manufacturers understand how changes could impact their business —
Three Approaches to E-Invoicing Taking Hold Across the Globe
Starting with Brazil in 2008, government-mandated e-invoicing has proven extremely effective in helping tax authorities gain visibility into corporate tax liability in order to close
Supply Chain Financing: Key considerations for success in LATAM
For multinational organizations operating in Latin America, local supplier stability is crucial because production depends on the availability of resources. When there is a long
Spain SII: 7 Similar Characteristics of LATAM Electronic Invoicing
As business-to-government compliance continues expanding across Europe, Spain is following LATAM’s electronic invoicing model as one of the first European countries to adopt automation in
Electronic Invoicing
Brazil’s Nota Fiscal 4.0: What to Expect
Brazil’s tax authority, SEFAZ, recently announced new specifications for its e-invoicing program, set to take effect later this year. This is the first new release
Deadline for Compliance with Ecuador’s Offline Model Draws Near
As governments across Latin America continue to refine their e-invoicing and fiscal reporting processes to improve the accuracy of transaction-level insights, change has become the
Mexico Announces First Resolution Under New E-Audit Mediation Process
In September 2016, Mexico’s tax authority (the SAT) implemented electronic audits to review discrepancies between taxpayers’ e-invoicing and e-accounting reports and taxes paid. Just two
Mexico Passes Regulation Requiring Payment Receipts
In addition to significant updates to its CFDI e-invoicing schema and a new process for tracking exports, Mexico is also launching a new regulation to
Spain Launches Real-Time Transactional E-Invoice Reporting Standards to Register 80% of Invoicing Volume
60,000 companies required to implement this new reporting standard
Mexico Cracks Down on Exports with “Complemento Comercio Exterior” Requirement
Despite major initiatives to increase visibility into commercial transactions within its borders, Mexico’s tax authority, the SAT, has been dealing with a gap in information
[SAPInsider Webinar] How to adapt your SAP landscape to Mexico’s new payment and invoicing regulations
In December 2016, Mexico announced the largest update to its e-invoicing schema in years. CFDI v3.3 is now a reality, and companies doing business in
Sovos VAT Streamlines Global VAT Compliance for Invoiceware Clients
In June 2016, Sovos Compliance acquired Invoiceware International, supplementing our Latin American regional compliance platform with its global solutions. Our shared clients, such as The
Mandatory E-Invoicing on the Horizon in Costa Rica
One Latin American country that currently does not mandate e-invoicing, Costa Rica, will soon join the 10 countries where this business process is required. The
Latin America 2017 Business Outlook: Changes Abound in Brazil, Colombia and Mexico
If your company is currently doing business in Latin America, then you’re no stranger to the complex and ever-changing fiscal compliance regulatory environment. The compliance