Brazil has a mature but extremely complex e-invoicing system
In 2008, Brazil adopted a clearance electronic invoicing model in which the country’s tax authority must receive and clear an invoice before a supplier can issue it to a payer. More than a decade later, the Brazilian tax administration’s digitization has evolved so much that other tax administrations call Brazil the Google of fiscal goods.
Current regulations include electronic invoices for: supplies of goods (Electronic Nota Fiscal: NF-e), services (Nota Fiscal de Serviços Eletrônica: NFs-e), transport services (CT-e), freight (MDF-e), SPED, and EFD REINF.
In order to reduce the risk of audits and supply-chain interruptions, companies doing business in Brazil need to adopt an e-invoicing system capable of integrating and automating all of the fiscal requirements within their ERP systems.