Regulatory Analysis
This law in general terms establishes the possibility of exceptionally regularizing tax obligations through forgiveness, and payment facilities for the different taxes. With regard to obligations in terms of electronic invoicing, the only Title that has an impact is TITLE VII of the Consumer Tax Transparency Regime. This Chapter establishes a modification to the VAT […]
On November 8, 2024, the new regulation was published, which repeals the previous Regulation (Executive Decree 1° 41820-H of June 19, 2019). Among the most important changes are: Create an additional receipt (Electronic Payment Receipt), which will serve to support partial payments. If the issuer or receiver of the electronic receipt does not confirm it […]
The General Resolution MH–DGT-RES-0027-2024 on the technical provisions of electronic receipts for tax purposes was published and among other changes, It establishes the dates of implementation of the Version 4.4 and its annexes. VERSION 4.4. Effective as of June 1, 2025, as of that date Version 4.3 is repealed, which may only be used to […]
Starting November 1, e-transport documents and invoices from taxpayers involved in forestry activities must include information about the production, transport, sale, storage, deposit, maintenance, or collection of logs or wood from non-native species on private lands or forests. Other information includes: Goods origin and destination data Authorization number for the development of the activity Unit […]
Through Decree 953/2024, the ARCA is created, which is an autarchic entity within the structure of the Ministry of Economy and is composed of the General Directorate of Taxation (DGI) and the General Directorate of Customs (DGA). ARCA is the legal successor of the AFIP and is in charge of tax collection, control of foreign […]
The Ministry of Energy and Mines of Ecuador issued an Agreement declaring an emergency in the national electricity sector. On October 30, the tax authority issued Resolution NAC-DGERCGC24-00000035, which establishes regulations that allow compliance with the formal duties of issuance of sales receipts. The first paragraph of Article 7 of the Resolution No. NACDGERCGC18- 00000233 […]
On October 10, the Decree that establishes the Regulation of the Electronic Invoicing Law was enacted. Among the most relevant points contemplated by the Regulation are: Definitions of the elements that integrate the billing system. The deferred sending of electronic tax receipts, the contingency process. The Requirements to be an electronic issuer. Online validation establishing […]
Pursuant to Legislative Decree No. 1623 published in the official Peruvian Gazette on August 4, 2024, non-residents supplying digital services or non-tangible goods to individuals in Peru who do not carry out business activity (B2C) must charge and collect 18% VAT (IGV). Digital services are broadly defined as any service that is made through the […]
Through resolution NAC-DGERCGC24-00000028, the SRI establishes the conditions, procedures and percentages of income tax withholding in the commercialization of concentrates and/or metal elements, as well as in the production and commercialization of mineral substances that come from a mining concession. The withholding percentages for marketers may be 2%, 4% and 10% and for concessionaires 1%, […]
The tax authority updated the billing amounts that require detailed information about the receipt recipient when the recipient is the final consumer. This measure is intended to strengthen the control regime for issuing receipts. The data must be specified when the invoiced amount is equal to or greater than $344.488 ARG (approximately $370.00 USD) and […]
On July 21, 2024, the Peruvian Official Gazette published Superintendence Resolution No. 000145-2024. This resolution postpones the requirement for certain subjects to maintain the Sales and Income Registry and the Purchase Registry through the Integrated Electronic Records System (SIRE) from August 2024 to January 2025.
Resolution No. NAC-DGERCGC24-00000022, published on June 10, 2024 in the Official Register Supplement No. 575, establishes the possibility of imposing penalties from $460 to $13,800 USD for the non-delivery of sales receipts and the non-transmission of electronic sales receipts to the Internal Revenue Service (SRI). This resolution enters into force from the day of its […]
The tax authority issued the RESOLUTION OF THE DEPUTY NATIONAL SUPERINTENDENCE OF INTERNAL TAXES No. 000017-2024-SUNAT/700000, which establishes that those who, being obliged to keep their records in the SIRE, have done so without observing the forms and conditions or have not done so for the periods of April, May, June and July 2024, will not […]
The Ministry of Industry and Productive Development through the Resolution 30/2024 updated the minimum amount that companies must meet to issue “Electronic Credit Invoice”. The authority updated the values of total sales for a company to be considered a MiPyme. The minimum amount from which companies must mandatorily issue an electronic credit invoice is also […]
The DGII issued the Notice RNC: 401-50625-4, which includes the list of Large Local and Medium Taxpayers that are required to comply with the issuance of electronic tax receipts (e-CF) no later than May 16, 2025. This is 24 months from the entry into force of the aforementioned Law (May 16, 2023). 11-24.pdf (dgii.gov.do)
Pursuant to Executive Decree No. 198 as issued by the President on March 15, 2024, the standard VAT rate in Ecuador is increased to 15% effective April 1, 2024. A copy of Executive Decree No. 198 can be found here (in Spanish).
Pursuant to the Antigua and Barbuda Inland Revenue Department announcement on December 22, 2023, the ABST (sales tax) rate increased from 15% to 17% effective January 1, 2024. The announcement can be found here.
On December 24, SUNAT resolution 000042/2023 was published, extending the grace period for the non-application of penalties for infractions related to Electronic Transportation Guide (GRE) The resolution indicates that the subjects required to issue the GRE as of 1 January 2024 require an adaptation period and it is advisable to extend the deadline for compliance. […]