The following post is authored by Juan Francisco Echevarria, Senior Researcher, America Economia At AméricaEconomía, our goal is to be the leading source of news
The implementation of automated electronic audits in Mexico is a pivotal transition in global compliance. Triggered anytime there is a discrepancy between a company’s tax
Organizations will have until July 1, 2017 to go live. The much anticipated CFDI v.3.3 has finally been mandated by the Mexico SAT. This is
Mexico’s tax authority, the SAT, announced its implementation of real-time, electronic audits earlier this year. Since going live with this initiative in September, it recently
On October 26, 2016, Colombia’s DIAN (Dirección de Impuestos y Aduanas Nacionales) announced the successful completion of its e-invoicing pilot program, meaning that mandated participation
What are companies’ most valuable assets? Is it the machinery and materials (tangibles) used to produce products, or the people, ideas and tasks (intangibles) that
A region of opportunity for businesses, Latin American countries offer multinationals affordable labor, low infrastructure costs and incentives. Despite the rewards, this region also serves
In September, the European Commission released a report regarding uncollected VAT throughout the E.U., and the results underscore why we’re seeing such a tidal wave
With arguably the most complex business regulatory environment in the world, Brazil presents challenges to global enterprises that go well beyond systems integrations and updating
On October 14, tax authorities in the United States and Mexico agreed to a new transfer pricing framework that will ease compliance burdens for some
On September 27, we wrote about the Mexican Supreme Court’s recent decision upholding amparos. While the court granted that these legal stays for eContabilidad compliance
When Mexico announced its eContabilidad (eAccounting) legislation in 2014, several multinational companies filed a lawsuit, stating that the requirements were unconstitutional, technically unsound, and unfeasible.
When it comes to e-invoicing and tax reporting compliance in Latin America, Mexico and Brazil often dominate the discussion as the earliest and most comprehensive
Accounts payable is a vital function in compliance with Mexico’s eContabilidad accounting requirements. Once a vendor XML e-invoice is accepted by the accounts payable team,
We’ve recently discussed the challenges regarding inbound logistics and service invoices in Brazil. Now, let’s turn our focus the another complex aspect of compliance with
Overview The main indirect tax of Mexico is the Value Added Tax (locally known as IVA), which generally applies to all imports, supplies of goods,
Though they are three of the newest countries in Latin America to require e-invoicing and tax reporting, compliance in Colombia, Peru and Ecuador is already
In what is now a growing trend, e-invoicing and fiscal reporting mandates are expanding worldwide in an effort by governments to minimize corporate tax evasion.