Regulatory Analysis
As of July 1, 2025, taxpayers registered with the activity 41000 (Construction of architectural works), even if it is not the main one; they must identify in the documentation of their operations linked to real estate, by means of the DGIINM Code, both the property and the type of operation referred to in the receipt. […]
The SII issued Circular No. 19 to provide more details on changes introduced by Law No. 21,713 to the Tax Code. One key change is the addition of Article 92 ter, which allows purchase and sale transactions over 135 UF (about 5,500 USD) to be made in cash, provided the payer’s identity is recorded in […]
In late 2024, the Philippine government enacted the CREATE MORE Act, introducing several amendments to the Tax Code, including changes to e-invoicing and to the CTC e-reporting system. The Act removed the five-year deadline for the government to implement e-invoicing and CTC e-reporting – originally set by the TRAIN Law – and introduced tax deduction […]
On January 31, resolution No. 000003-2025-SUNAT/700000 was published. With this resolution, the application of the discretionary power regulated in the Resolution of the Deputy National Superintendence of Internal Taxes No. 000039-2023-SUNAT/700000 is extended until the period June 2025 so that, with respect to the periods January, February, March, April, May and June 2025, inductive actions continue to […]
On January 31, resolution No. 000003-2025-SUNAT/700000 was published. With this resolution, the application of the discretionary power regulated in the Resolution of the Deputy National Superintendence of Internal Taxes No. 000039-2023-SUNAT/700000 is extended until the period June 2025 so that, with respect to the periods January, February, March, April, May and June 2025, inductive actions continue to […]
On January 16, the authority reported that the consumer’s information regarding the consumer’s name, surname, address and identification number (CUIT, CUIL, CDI, identity document, passport or identity card) must be included in the receipt in the following cases: When the receipt is issued for a value of $ 417,288 or more, if the payment is […]
Effective May 1, 2025, taxpayers who operate with an electronic receipt and/or electronic receipt depending on the payment method, must submit printed representation. In case of payment in cash or bank transfer, the electronic receipt. In the case of electronic means of payment, the receipt, or printed voucher. Businesses must display a poster or visible […]
Through General Resolution No. 5616/2024, the authority updates the different modalities of issuance of vouchers for those who carry out operations in foreign currency, applicable to class “A”, “B”, “C”, “E” and “T” vouchers: When they are paid in the same currency, the seller-currency exchange rate reported by the Banco Nacion corresponding to the business […]
The Resolution of the Deputy National Superintendence of Internal Taxes No. 000046-2024-SUNAT/700000 was published in the Official Gazette on December 31, 2024. The resolution extends the discretionary power to sanction the transportation of goods and/or passengers, as well as the remittance of goods with documents that do not meet the requirements and characteristics to be […]
On December 19, the SII issued Exempt Resolution 121 through which it reiterates the requirements for supermarkets and restaurants in terms of invoicing as of March 1, 2025: They must issue sales and service receipts for all transactions carried out with end consumers. The issuance of invoices by supermarkets is restricted to when the goods […]
Superintendence Resolution No. 000293-2024/SUNAT postpones from January 2025 to July 2025 the opportunity from which certain subjects who are required to keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System (SIRE) must keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System […]
Through General Resolution 5614/2024, the Customs Control and Collection Agency (ARCA) regulated the tax transparency regime established through Law 27743, which will come into force on January 1st, 2025. The regulation establishes all receipts must have a line detailing the amount corresponding to the value added tax and, when issued by a large company, they […]
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 […]