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E Invoice comparative study in Latin America October 2016


Acknowledgements We thank for the support provided by the Inter-American Center of Fiscal Administrations, CIAT, for the realization of this study.

Additionally, we hereby extend our appreciation to each of the fiscal administrations that collaborated with this effort. We trust that it will be the first of many.

Argentina Federal Administration of Public Revenue Bolivia National Taxes Service, SIN Brazil Conselho Nacional de PolĂ­tica FazendĂĄria, CONFAZ Chile Internal Taxes Service Colombia Direction of Taxes and National Customs Costa Rica General Taxes Direction

Ecuador Internal Revenue Service El Salvador Ministry of Finance Mexico Internal Revenue Service, SAT Peru National Customs Superintendence and Fiscal Administration Portugal Fiscal and Customs Authority, AT Uruguay General Taxes Direction

Sincerely,


Index

Prefase Introduction § I. Mandatory nature of Electronic Invoice § II. Taxpayers registry § lll. Concepts that can be invoice electronically § IV. Operative model § V. Normativity § VI. Statistics in Latin America VII. Evolution of Electronic Invoice in Mexico VIII. Mexico: Successful case, PAC model a. The beginning of public-private collaboration b. Evolution of PAC figure c. Added value beyond tax collection d. Foreshight of joint operative model on digital fiscal matters § IX. Summary or profiles by country

4 5 8 8 9 13 14 15 17 17 19 21 23 25


Preface

RaĂşl Zambrano

Director of Technical Assistance and Information and Communication Technology of the Inter-American Center of Fiscal Administrations, CIAT.

Some activities are, given their importance, institutional. One of those activities for CIAT is the organization of the annual Technical Conference. The decision we take at the Executive Secretariat to replace this year the Technical Conference for a different event means: to call on the private sector to submit, if they wish, their technological alternatives and options, which open a space of interest both for the fiscal administrations as well as for the technological agents that develop solutions for them. For such reason, when we plan the Technological Summit we approach AMEXIPAC, the Association that comprises many of the certifying companies in Mexico to invite them to be part of this summit, surely to seek opportunities, but also to share their experiences. Experiences that come from the private perspective that generate value in the development of solutions and services both for taxpayers as well as for the administrations. There are topics and projects that are, given their projection and potential, strategic. One of those topics has been for CIAT, for recent years, electronic invoicing. In Latin America we have successful implementations of national electronic invoice systems, there are millions of issuers that have generated tens of electronic documents, which we are sure, has allowed a set of innovating developments associated to electronic invoices with benefits such as the reduction of costs and the opportunities for automation for issuers, while at the same time, strengthening the technology sector of the country, for the use in great scale of communications, digital signatures and the services sector. When AMEXIPAC confirmed to us their interest in participating in this summit, it gave us additional good news, they wanted to develop and submit a comparative study about the invoicing situation in several countries. Of course we support the idea, since the study would be made from another perspective, about the mandatory or non-mandatory use of digital certificates and details about implementation and operative model, along with statistics about its adoption, including the amount of electronic documents generated. The study includes aspects about the mandatory or non-mandatory nature of the electronic invoicing system, about the mandatory use or not of digital certifications and details about implementation and the operative model, along with statistics about its adoption, including the amount of electronic documents generated. We are sure that the study will be well received by the participants of our summit, as well as for other members of the electronic documents world. We also trust that the information collected will be useful, not only for the fiscal administrations of those countries that have already implemented a model, but also, and most importantly, for those with projects for implementing a national electronic invoicing system. From the Executive Secretariat we want to extend our sincere thanks to AMEXIPAC.


Introduction

This comparative study is an effort to identify the characteristics and status of the electronic invoicing models in Latin America and Portugal. In order to carry out this study, we applied a questionnaire to sources of the Fiscal Administrations of the twelve participating countries. The study includes the comparison of the following aspects: I. II. III. IV. V. VI.

Mandatory nature of Electronic Invoice Taxpayers registry Concepts that may be invoiced electronically Operative Model Normativity Statistics in Latin America

With respect to the mandatory nature of electronic invoicing, the study analyzes if the participating country already has a normative model that is mandatory or optional for its taxpayers, or if such model is still pending development. On its part, the information of the fiscal registry presents all the taxpayers by country, as well as their composition, differentiating among individuals with commercial activity and with salary, as entities. In the segment of the concepts that may be invoiced electronically we find the common denominator of the reference to goods and services, and in singular cases where the issuance of fiscal evidence is contemplated also by revenue received or withholdings made. The section about the operative model of the electronic invoice may be at the center of this study. It sets forth the details about the characteristics with which the digital evidence works in each participating country, considering the technology used, if electronic signature is required, and if the validations required for the issuance are made in real time. It also documents the use of bar code, the existence or non-existence of fields destined to commercial information and the storage rules for documents. Within such section we also identify the participation of authorized providers where 9 of the 12 participating countries stated they have a figure with such characteristics. In normativity, we offer a source of references for research of the operative models of each country, through which the reader may find a starting point to deepen into the consultation of electronic invoicing. On its part, the statistics table offers a perspective on the transactional volume of fiscal evidence and of advanced electronic signature in each country. Finally, we share with the reader a brief summary of the evolution of electronic invoicing in Mexico, and the description of the model for participation of the authorized certification providers, PAC. We conclude with the provision of consolidated information by country, to offer the reader an alternative for consulting information. We hope you find this material is useful.

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I. Mandatory nature of Electronic Invoice

Argentina

Bolivia

Brazil

Chile

Colombia

Yes. Conditional.

Yes

Progressive as of 2015 through 2018

Yes

The issuance or mandatory electronic invoice is provided for the following taxpayers: - Those with three or more economic activities - Sales not exceeding one transaction per period during six months - Sales exceeding 20,000 invoices - Issuance of invoices exceeding total amount of 1,000,000 - Principal and Major Taxpayers - Exporters - Electronic Commerce Taxpayers not found among persons with obligation may also use electronic invoice without restriction

Legal persons

Currently for major companies and small and medium urban

The DIAN is in process of selection of taxpayers with obligation to invoice electronically

Primary producers

Currently micro companies and rural companies

- Taxpayers with tree or more economic activities: 16,400 - Principal and Major Taxpayers: 5,343 - Exporters: 1,944 - Subscribed to electronic: 9,118

3.17 million

Approximately 130,000 legal persons (no individuals), in two years more than 480,000 taxpayers.

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

Specific sectors General regime: - Mono-payers: categories H, I, J, K and L - Responsible Parties registered in VAT: All, except domicile and “routed� transactions. - Exporters Other regimes: With obligation pursuant to activity they develop, type of taxpayer or need to access certain benefits (capital assets) - Excluded: persons with obligation to use Fiscal Control

For which taxpayers is it optional to invoice electronically? Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

5

For mono-payers of categories not included as mandatory -700,000 taxpayers registered in VAT without fiscal control. - 227,000 monopayers of obligated categories. - 3,000 exporters approximately.

Yes

Costa Rica

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

Yes, for specific sectors

No

Yes

Yes

No

Yes

Financial institutions, special taxpayers with telecommunication activity, entities managing credit cards, exporters and special taxpayers not provided, selfprinters, sales through internet to institutions of public sector * SRI WEB site

Legal persons and natural persons with commercial activity

Defined as persons with obligation, the principal taxpayers at national level

Legal persons and natural persons in some specific sectors

Currently all sectors have obligation voluntarily

Taxpayers not included in foregoing sectors

Mandatory for all

All kind of taxpayers, not appointed by SUNAT

Legal and natural persons

347,000 The universe of persons with obligation may be selected or enter voluntarily for electronic invoicing

21.2 million

809,800

Information not available

No * Currently there is a normativity project subject to public consultation, which if approved, would become effective on February 2017.

13,806 registered to the electronic invoicing system and 16,955 in testing phase. *December 31, 2015


Argentina

Bolivia

Brazil

Chile

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice? How do you describe the status of regulation of project of Electronic Invoicing in your country? How would you describe the chronogram of implementation of electronic invoicing?

The rest of monotaxpayers 2,500,000 approximately

The taxpayers subject to VAT optionally to use electronic invoices are: Natural persons 221,458 Legal persons 28,223

Information not available * Upon existence of primary producers also not subject to provide cadastral information

Currently 350,000 legal persons, in two years, but will not be optional for any legal person

Colombia

Costa Rica

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

Information not available

Mandatory for all

Individuals that generate revenue for sales or provision of services subject to VAT and Corporate Rent and workers that provide services independently to end users

Information not available

In development

In development

Under legal analysis

Mature

In mass process

Mature

In development

Information not available

Expectation 4 years

It is expected that in 2016, 100% of the principal taxpayers will issue electronic invoices and by 2018, 100% of the individuals that generate revenue for sales of provision of services subject to VAT and Corporate Rent as well as all workers that provide services independently to end users.

Information not available

Expectation of status in 3 years

347,000 The universe of persons with obligation to invoice may be selected or enter voluntarily to electronic invoicing

There is currently a normativity project subject to public consultation, which if approved, would become effective on February 2017

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Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

What are the main challenges for maturity and implementation of electronic invoice project?

Information not available

Conserve off line invoicing model as mandatory as of January 2018

The costs for implementation to be incurred by the taxpayer for adaptation of processes.

Information not available

Universal characteristic of CFE

366,178,456 as of December 31, 2014 issued by 199,728 taxpayers

Information not available

Information not available

Investment in technological infrastructure and approval of legal normativity. Economic conditions (Reduced market for PAS) Information not available

- 444,367,383 sales bulletins - 15,066,349 RHE * The print representation of electronic invoice does not have fiscal effectiveness. In the case of sales bulleting (not supporting expense, cost, or fiscal credit), it is mandatory, unless the consumer accepts a virtual measure of delivery. In case of those Receipts for Fees (RHE), a print representation is not required, except to end consumer.

Information not available

What volume of annual print electronic invoice does your country have?

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II. Taxpayers Registry

Argentina

Salaried persons

Information not available

332,057 * On 2015

30,087

19,464,180 * Company measurement Information not available

1,400,000

Legal persons

Chile

Colombia

5,570,582 *On 2015

Costa Rica

Ecuador

El Salvador

Information not available

1,832,478 *On 2015

403,228 *On 2015

15,388,646 *On 2015

Mexico

Peru

Portugal

Uruguay

53.3 million *On 2016

12,600,900 *On 2015

15,693,096 *On 2015

1,644,808 *On 2015

1.8 million

423,400

473,394

124,179

19.4 million

1,527,700

977,531

217,941

Individuals with commercial activity

Brazil

14,400,000 *CUITs on 2015

Taxpayer registry

Bolivia

3,000,000

301,970

10,000,000

Information not available

304,000 persons with salary * If yet they are incorporated as passive subjects of the VAT Complementary Regime, which do not form part of the registry since employers are informers of AT about their dependents.

909,818

5,658,550

170,885

9,385,193 * Simplified regime

1,322,157

3,338,607

437,331

Information not available

344,903 * Common regime

Information not available

49,321

Information not available

108,294

245,613

Information not available

32.1 million

4,442,500 Workers in charge of an employer. 6,207,300 Independent Workers.

Mexico

Peru

1,302,688

Information not available

III. Concepts that may be invoice electronically

What concepts give rise to mandatory issuance of electronic invoices?

Argentina - Provision of services and commercialization of assets for transactions in internal market - Transactions abroad, exporting assets and/or services.

Bolivia Provision of services and sale of personal property.

Brazil Provision of services, transfer of assets and circulation of assets

Chile

Colombia

Pursuant to annual revenue, for sales and services in last calendar year.

Volume of transactions, revenue, patrimony, importance in collections, level of risk, compliance with tax obligations, petitioners of returns, urban and/or rural zones.

Costa Rica

Ecuador

Financial activities, of telecommunications, activities of legal persons that manage credit cards, exports, sales through internet and activities of public sector.

Information not available

El Salvador

Acts or activities carried out, revenue received and withholdings of taxed paid.

Transfers of assets or provision of services

Portugal

Uruguay

Information not available

Provision of services and transfer of assets

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IV. Operative model

Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

No

No

Yes

Yes

Yes

Yes

Interactive Web Service

Text files, encrypted and compressed

None

None

None

Yes, when the authorization is procured by means of web service

Yes, only for modalities of Web Electronic Invoices and Cycle Invoices

Yes

Yes

Yes

There are no authorized services providers, but there is a possibility of a third party issuing the invoice on behalf of a holder, denominated third-party invoicing, which includes the modalities of Cycle Electronic and Computer Invoicing

Yes but the liability falls upon taxpayer

Yes

Is issuance in XML format mandatory? In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative?

Is the use of electronic signature digital certificates mandatorily required? Is participation of services authorized providers admitted?

9

Yes, but participation a provider is not mandatory

No

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

Yes

Yes

Yes

Yes

No

Yes

None

None

None

None

None

Information not available

For non-electronic receivers paper or PDF is admitted if accepted

Yes

Yes

Yes

Yes

Yes

No

Yes

No

Yes

Yes

Yes

Yes

Yes

Yes, but providers are not authorized by the Ministry of Finance, the liability is of the taxpayer.


Argentina

The providers are not regulated by AFIP, in case of using the services of a provider the company delegates the authorization upon them.

How many authorized providers exist in your country as of today?

Is a model in line with validations for issuance in real time?

Yes

If negative, please describe the operative model

Bolivia

Brazil

Chile

Colombia

Costa Rica

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

Not identified exactly, 50 approximately.

In transition

78

38

Information not available

20

From the three modalities of electronic invoicing, only the modality of Virtual Office Invoicing, the issuance is on line, in each transaction and in real time, the others are only for their own characteristics. For the Virtual Office Invoicing, the taxpayer shall be connected by Internet, register the information of the transaction and validate the information, further may issue and deliver the corresponding invoice. Modalities for electronic invoicing that are online, have the following characteristics: - Cycle Electronic: The AT provides dosage key for taxpayer to issue invoices and within a term of days (cycle) submit the information about invoices issued by means of electronic receipt and so on successively.

Yes

No

Asynchronous validation resolved in more than 90% less than a minute.

No

Information not available

We are working in the project to receive online, however the Ministry of Finance shall have a validation time of 3 hours.

The issuers send within 48 hours following the generation of FE a counterpart to DIAN.

None exist to this date

Not for issuance in real time.

Online: The time of issuance is of 5 days as of the date of authorization of sale receipt. Off line: Send the invoice to electronic mail of client at time of transaction.

Yes

Yes

Not in the systems of the taxpayers, only in portal.

Yes

Regulation of sending an XML through web service, on the date of issuance or at most 7 calendar days thereafter

Yes (asynchronous modality).

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Is it mandatory to send digital receipt through electronic means to party receiving CFDI?

Is digital conservation of document mandatory? For how long must digital CFDI be safeguarded?

Does it contain hash value with time stamp or electronic signature? Do you use bar code or QR?

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Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

Ecuador

El Salvador

Mexico

Peru

Portugal

Uruguay

Yes it is mandatory for security matters.

Yes

Yes, the receiver is also taxpayer that participates in the system.

Yes

No, may be printed

Yes

Yes

Yes, but only in case of receipts with fiscal mailbox: Invoices and notes of credit and debit associated.

Yes

Yes, for operative purposes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

10 years

8 years * Time of prescription pursuant to Article 59 of Law No. 2492 of August 2, 2003, amended by Law No. 812 of June 30, 2016.

During the current year and 5 years thereafter

6 years

5 years

5 years and 10 years in fiscal fraud.

7 years for issuer and for receiver

10 years

5 years

10 years

Yes

Yes, found with electronic receipt that contains information chain, additionally, contains and is reflected by means of control code.

Yes

Yes

Yes

Yes

Yes/No

Yes

Yes

Yes, bar code authorized by means of interactive web service that generates receipt in PDF format.

The QR code

Yes

Yes

Yes, uses bar code and QR.

No

Yes

It is mandatory to make available for the receiver the receipt. Means are not regulated for delivery and may be digital or in paper. Yes

Yes, with digital signature. No time stamp

No, uses PDF417

Yes

Yes

Yes

Yes, for electronic signature

In new normativity to become effective on 2017, requested for graphic representation.

QR Code

QR Code

For 10 years for issuer and 5 years for accounting conservation.

Information not available

5 years


Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI?

No

Yes

No

Yes

No

Yes, but with the following exceptions: - Initially not managed as XML but as encrypted information and within exchange of messages. - For Virtual Office Modality, it may attach commercial information (case of exporters). - For Web Electronic Invoice information is added and completed about transaction with corresponding information to SIN (No of authorization, Limit date for issuance and Control Code). Pursuant to norm, in general all invoices must comply with technical aspects and fields established, however, pursuant to characteristics of some transactions, taxpayers may adjust such fields prior communication to SIN.

Yes, an area of 1024 bytes

Yes, but not regulated

Does it have fields destined to free use? Are such fields regulated?

Yes, does have fields for free use and others regulated for certain activities.

Yes, they are regulated

Yes

Ecuador Information not available

No, the fields are mandatory and found in the Technical Form: Manual and specifications about issuance process of Electronic Receipts.

El Salvador

Mexico

Peru

Portugal

Uruguay

Yes

Yes

No. Uses a UBL standard, which allows the incorporation of non-fiscal information.

Yes

Yes

Yes

Use of a standard allows private use, to incorporate non-fiscal information in orderly manner.

No

No (only addenda)

Yes, has fields for free use. Not regulated.

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V. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

Argentina

Bolivia

Brazil

General Resolutions: 2485/2008; 2758/2010; 2904/2010; 2926/2010; 3067/2011; 3411/2012; 3749/2015

Directory Normative Resolution (RND) No. 10-0021-16 of Virtual Invoicing System (SFV) dated July 1, 2016 issued by National Fiscal Service, this normativity adjusts and consolidates RND No 10-0025-14 dated August 29, 2014.

Adjustment Sinief 07/2005, Adjustment Sinief 07/2009, Agreement ICMS 115/2009 http://www.confoz. fazenda.gov..br/

Taxpayer Orientation Manual NF-e/NFC, Taxpayer Orientation Manual CT-e/MDF-e

http://www.impues tos.gob.bo/index.ph p?option=com_cont ent&view=article&i d=958&itemid=517

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country

Regulating authority

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Microsites: - E Invoice: https://www.afip.g ob.ar/fe/ - Webservices: https://www.afip.g ob.ar/ws/

A.F.I.P. (Federal Administration of Public Revenue)

Directory Normativity Resolution (RND) No 10-0021-16 of the Virtual Invoicing System (SFV) dated July 1, 2016 issued by the National Fiscal Service, such norm adjusts and consolidates RND No 10-0025-14 dated August 29, 2014. National Fiscal Service

CONFAZ Conselho Nacional de Política Fazendária

Chile

Colombia

Costa Rica

Ecuador

VAT Law, Resolutions issued by Internal Tax Service 11,18 and 45 of 2003. Mandatory: Law No. 20.727 of January 31, 2014. www.sii.cl

Law 223 of 1995, Law 527 of 1999, Decree 2242 of 2015, Resolution 019 of 2016 http://www.dian.go v.co/contenidos/otr os/fac_electronica. html

There is normativity http://www.hacien da.go.cr/contenido/ 13727comprobanteselectronicos.

Organic Law of Internal Fiscal Regime, Tax Code, Fiscal Reform Law, Reform Law for fiscal equity in Ecuador http://www.sri.gob. ec/web/guest/base s-legales

Formats and guidelines published at: www.sii.cl

Technical exhibits of Resolution 019 of 2016 (6).

Resolution NACDGEROGC 12, 13, 14, 15 and 16 of the Electronic Commerce Law, Electronic Signatures and Date Messages and its Regulations

Internal Fiscal Service

Direction of Taxes and National Customs

Information not available

Electronic receipts: Ministry of Finance Electronic signature: Ministry of Science and Technology and Comunications.

Internal Revenue Service

El Salvador There is no normativity

There is no normativity

Ministry of Finance

Mexico

Peru

Portugal

Uruguay

Federal Tax Code http://www.diputa dos.gob.mx/LeyesBi blio/pdf/8_170616. pdf Regulations for Federal Tax Code http://www.diputa dos.gob.mx/LeyesBi blio/regley/Reg_CF F.pdf Miscellaneous Tax Resolution for 2016. http://www.sat.gob .mx/informacion_fis cal/normatividad/P aginas/resolucion_ miscelanea_2016.a spx

Decree-Laws and Resolutions

RS 0972012/SUNAT and amendments, RS 182-2010/SUNAT and amendments, RS 300 – 2014/SUNAT and amendments.

Annex 20 of Fiscal Miscellaneous Resolution for 2016. http://www.sat.gob .mx/informacion_fis cal/normatividad/P aginas/resolucion_ miscelanea_2016.a spx

Programmer Manual, UBL Guide for ellaboration of electronic documents.

Tax Administration Service (SAT)

National Superintendence of Customs and Fiscal Administration

VAT Code and EU Legislation

DL Nº 196/2007 of may 15

Functional documents

Fiscal and Customs Authority (AT)

General Tax Direction


VI. Statistics in Latin America

Argentina

Bolivia

Brazil

Chile

Colombia

Costa Rica

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

Information not available

1,022,522,037

Manual invoicing: 1,114,594,466 Pre assessed: 491,281,737 Computer: 341,828,222 * The fiscal document authorized by SIN is denominated fiscal invoice or note. Online and Electronic Invoicing: 9,771,196

4,087,379,037

3,539,729,587

14,728,848,659

367,5 million

1,941 million

Information not available since the SIN is not a certifying company

2,836 certificados

Mexico

Peru

Portugal

Uruguay

Information not available

Information not available

Information not available

1,279,050,652

Information not available

- 526,002,774 invoices - 2,076,582,975 sales bulletins

353,38 million

58,334,542

5,782.1 million

Information not available

Information not available

20,582.1 million

362,95 million

72,726,968

Information not available

719,62 million

Advanced Electronic Signature Digital Certificates

Accumulated volume of certificates up to 2015

Certificates issued during 2015

Information not available

Information not available

Information not available

Information not available

Information not available

71,1 million

42,060,886 * Online and web accumulated

Information not available

El Salvador

Tax receipts

Volume of receipts in paper issued during 2015

Ecuador

7,000

certificates

Information not available since the SIN is not a certifying company

38,162,730

Information not available

Information not available

Does not apply, is competence for the Central Bank of Costa Risa

Information not available

Does not apply, it is competence for the Central Bank of Costa Rica

Information not available

Information not available

11,670,826 million

39,292,291 million

Information not available

Information not available

DGI does not issue depends on issuers authorized by UCE.

Without estimation since digital certificates issued by foreign legal persons are accepted with web trust accreditation, which are distributed by private companies.

Information not available

DGI does not issue depends on issuers authorized by UCE.

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VII. Evolution of Electronic Invoice in Mexico

Adriรกn Guarneros Tapia General Administration of Taxpayer Services of the Mexican Taxing Authority, SAT.

The tasks that correspond to the Mexican Taxing Authority (SAT, for its acronym in Spanish) of Mexico, include creating the most prone possible conditions for the citizens to comply with their fiscal obligations. In that sense we have opted for information and communication technologies in the majority of the processes, including an electronic invoicing scheme through Internet, which has as original precedent the paper fiscal evidence, and as immediate precedent electronic invoice. Paper fiscal evidence scheme (1873-2004) It was characterized by the use of the paper printed commercial invoice, which incorporated the fiscal requirements to serve as means for the verification of expenses and revenue of the taxpayers. It was used as expenses evidence for an ample number of transactions, and the feasibility for its falsification was a disadvantage to the fiscal administration, not having the trustworthy elements to identify the purchase of invoices with false registries and names, consequently resulting in returns of strong amounts as payable balances. Digital electronic invoicing scheme (2004-2013) Originated as a solution to control the correct registry of the fiscal information in evidence, and to ensure that it would not be altered or rejected by the taxpayers. Their design includes technological solutions to generate, process, transfer and safeguard electronic files with fiscal evidence documents. Such scheme changed radically the form for fiscal evidence in Mexico: to issue electronic invoices, the taxpayer must have the electronic signature and digital seal certificate, in addition to having a technological standard based in XML language, which registers the fiscal information homogeneously and ensures its reading by systems not operated or supervised by persons. The providers of electronic invoice services emerge during this period. Digital e invoice through Internet scheme (2011-2016) During 2011, a new form of issuing digital evidence commenced, with the automated assignment of folios and a 100% online certification. The implementation of such form has included the segmentation by type of taxpayer, and its mandatory nature graduated, until in 2014 its mandatory issuance for all kinds of taxpayers was established. The online fiscal evidence process represents benefits both for the taxpayers as well as for SAT and its results are parameters to incorporate new schemes and channels for electronic services that facilitate the compliance with fiscal obligations, as the issuance of the payroll receipt, which is a digital fiscal evidence,

15


as well as the fiscal evidence for tax withholdings. One more example is the issuance of the commercial invoice of foreign trade, which seeks to harmonize the fiscal obligations of internal taxes and foreign trade. Challenges One challenge of these schemes is to use the technological components to design new proposals for online services, and establishing an interaction with the taxpayer based on the digital documents for the submission of filings, notices and requests before SAT. Such challenge includes the homologation of the information sent by the taxpayer through different means (notices, statements, fiscal evidence, requirements, among others), eliminating requirements for information already known by SAT or that already exists in its databases, confirming the exploitation and use of information.

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VIII. Mexico: Successful case, PAC model

amexipac.org

a. The beginning of public-private collaboration. Exchange of fiscal information through electronic means. On January 5, 2004, the Ministry of Finance and Public Credit, SHCP, publishes on the Federal Official Gazette the CFDI scheme, which becomes effective in the same year. on May 31, 2004, Annex 20 is published, with the first technical standard for the Digital Fiscal Evidence. The relation between the public finance authorities and the private organizations has optimized the tax collection in different scopes. As background we can mention the auditors registered before SAT, whose job was to provide, as part of the financial audit carried out in the company of certain size or niche, an audit for fiscal purposes; that is, a review about the form in which the companies carried out their calculations of corresponding taxes, additionally identifying the trustworthiness of the calculations, the truthfulness of the supporting information both for revenue as for deductions. Such information provides SAT a first glimpse about the level of compliance of the taxpayers. In the same way, customs agents have collaborated with SHCP in the review of customs taxes that correspond to the merchandise in the case of imports and exports. With such labor, the authority may establish obligations of oversight and shared responsibilities both to the company carrying out foreign trade transactions as well as the Customs Agent to preserve the full compliance with the pertinent obligations and payments. In analogue form, 10 years ago SAT defined the alternative to use the electronic means for the issuance of fiscal evidence. If yet such initiative had already been implemented in other countries, the Mexican version of such model contemplated certain elements that further allowed growth into thousands of millions of annual transactions. Such transactions are necessary between the provider and its clients for commercial purposes, leaving evidence of accounts payable, and towards SAT, as an element for audit of revenue and deductions of the different economic agents of the country, whether public or private. Among the key elements for the massive application of the scheme, we can highlight the following three: 1.

2.

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The definition of an XML standard to ensure the integration between any 2 systems. The XML may be interpreted by machines without human intervention, because the expected content is known precisely. It also allows the validation of each of the mandatory, optional and conditioned fields. The use of certificates obtained as of the electronic signature that SAT gratuitously provides each taxpayer. This provides security to the exchange scheme and avoids the repudiation of documents because it certifies who issues it.


3.

Integrating the private persons in the scheme for adoption to support all taxpayers.

With respect to the third point, it is important to note that SAT was aware of the importance of creating a market of solutions for generation of electronic evidence. In fact, the first authorizations were not for “selfconsumption�, but precisely to companies providing such services. The generation of electronic evidence by the taxpayer was further allowed, considering the existence of some with intensive consumption. Currently, both types exist, that is, services providers and others with a more captivate nature, oriented towards the self-provision of services. Among the definitions to invite providers to participate, whose original modality was known as PACFD (Authorized Provider for the issuance of Digital Fiscal Evidence), included the validation of their capabilities to be able to create documents in technical form and having a high availability scheme. Beyond the matter of creation of the documents, what was really at stake was: 1. 2.

3.

The limited capacity of SAT to be the only interface before millions of taxpayers. The need to advise each of the taxpayers to carry out such integration, since the individual efforts may result in weeks of efforts for a medium or major size taxpayer and in many hours of support for the use of a friendly interface for small taxpayers. The regulatory incapacity to provide services of commercial nature for the benefit of the taxpayers, but that were required for the scheme to be adopted universally. We may cite as example, handling purchase orders and payment notices between Providers and Clients, which if yet do not have a fiscal impact, were necessary to integrate the complete flow of exchange of electronic messages in an account payable. Such services were to be provided exclusively by private persons.

SAT foresaw from the beginning, that in order to reach a critical mass of issuers of CFD, the participation of the providers was necessary to allow a multiplication of the scheme to the totality of taxpayers. Having taken such decision from the beginning resulted in the success held today by the authority. Currently, the fiscal changes (of fiscal and/or technical concept) are transferred and clarified in one controlled base of authorized providers who replicate to millions of users. Additionally, a supervised communication is held with such base of providers with all the security measures, which would be materially impossible to reach with thousand or tens of thousands of taxpayers, not mentioning the effort for millions of taxpayers. The path was created step by step, but the reality is that today Mexico is the only country worldwide where the totality of the fiscal evidence is made electronically. This represents millions of taxpayers and thousands of millions of evidence receipts annually.

b. Evolution of PAC figure The authorized certification providers, PAC, are figures accredited, regulated, supervised and audited by SAT, which constitute trustworthy third parties for access to digital fiscal services and added value solutions. In order to be a PAC, the interested entity is required to accredit an extensive technical and legal audit, guaranteeing the operative security and infrastructure of the company. Further, the PAC must accredit that it is in compliance with the applicable obligations:

18


• • • • • •

High information security by means of data encryption, Processes that guarantee the absolute traceability of processed information, Minimum availability by means of 24/7 robust and redundant infrastructure, Average availability of 99.7% facing user, Regulated by service levels measures annually in operation levels, Bond before the Federal Treasury, among other legal requirements.

The operation of the PAC and SAT for the safe and certified operation of digital fiscal service is based on a public key infrastructure scheme, best known as PKI. PKI is a comprehensive system composed by certifying authorities, hardware, software, and processes upon which the digital certificates are created, managed, distributed, used, stored and revoked. The PKI infrastructure is used in applications available for the public and private sectors that allow sending messages securely, identifying the author or issuer of a data message in a trustworthy manner and guaranteeing the integrity of communications. The elements of authentication of the parts of the PKI is based on digital certificated that are electronic files integrated by a “pair of keys” issued for the holder, who may be an individual or an entity: • •

19

public key: .cer file private key: .key file


In Mexico, more than 10 years of experiences shared between the fiscal authority and the private sector, resulting in the evolution of the figures regulated of PAC that have allowed the expansion of the electronic invoicing model and now of comprehensive digital fiscal services that include: electronic payroll, electronic withholding, accounting and electronic tax returns. Currently SAT has two third-party regulated figures that aid the digital collection of taxes, which operate the provision of several services:

If yet the denomination of each figure is different from in the fiscal normativity, today the market recognizes the PAC as intermediary entities that provide digital tax services and of business added value. Therefore, the PAC acronym is already a reference that encompasses companies: 1. Authorized, regulated and audited by SAT, for the offer of digital tax services to the general public. 2. Providers of certified digital communication services: authentication, non-repudiation, confidentiality and integrity of information. 3. Backed with investments exceeding 10 million pesos and secured before the Federal Treasury, TESOFE, to accredit their technical and legal solvency. The evolution of the authorized provider figure has been key in adopting the different technical communication schemes that have appeared throughout the last decade to maintain maximum security of information and incorporating fiscal oversight elements required by the fiscal authority. Thanks to PAC companies, SAT has increased the reach and scope off the SAT services, multiplying the tools and communication between the authority and the taxpayer to facilitate the compliance with obligations.

20


On its part, Mexico has also seen a development in the private sector derived from the digital fiscal services industry and added value solutions offered by the service Providers. Mexico is seen today as the model country in Latin America and the world thanks to the successful implementation of online fiscal schemes, with record-setting figures and timing for adoption. The authorized services Providers integrate different technologies to communicate the taxpayers with the fiscal authority and also support the investment for the end user to invest less. c. Added value beyond tax collection The PAC have incorporated to their Electronic Invoicing services added value tools to offer comprehensive services of issuance, reception, validation and safeguard of fiscal evidence, pursuant to market demands. One key element in commercial communication through electronic invoicing has been incorporated through the denominated “Addenda�. The Addenda is an optional element of Electronic Invoicing that, in such case, is included in XML format to add non-fiscal information, pursuant to the pertinent commercial practices. Regularly, the addenda include information related to the purchase order, provider identification, delivery of goods, among others. It is worth mentioning that the information contained in the Addenda does not form part of the original chain, nor is it covered by the stamp or certification seal of the PAC, since it is not fiscal information, but commercial. The AMEXIPAC Members gather the most relevant market Addenda and are in constant development of these elements as part of their added value services that promote administrative efficiency and accelerate commercial cycles. AMEXIPAC has defined a standard for the publication of Addenda with the purpose of establishing a format that specifies clearly and concisely what is required as minimum documentation to serve as guide in the Implementation of Addenda to third parties. On the other hand, the market required services so diverse pursuant to their activities and operation, opening demand for services in English and French languages, extended technical support, certified

21


human resources, among other requirements. For such purposes, the services Providers compete in offering them and other added values to the digital fiscal certificate services, which range from software development and administrative solutions, to printing account statements, financing, electronic marketing, bar coding and more. The taxpayer is free to contract any PAC depending on the particular needs it has for its fiscal evidence. Some of the added value services offered by the PAC are: •

Complementary services to electronic invoicing certification/stamping: Document generation. Reception mailbox. Verification of received digital tax receipt via internet. Massive cancellations. High volume stamping. Extended storage and safeguard. Primary sector services.

Integrations for electronic commerce - EDI solutions and applications - Systems integration between clients and providers: purchase orders, reception notes, payment receipts. - Web services integration, SFTP, OFTP, AS/2. - Inventory control. - Products and services electronic catalogues. - File format conversion.

Administrative systems - Implementación. - Support. - Data migration. - Database development and support. Paperless office Software Design and Development Optimization of Hardware Use Online security - SSL Certificates. - NOM-151 Conservation. - Time stamp - PKI Infrastructures. - Data storage.

• • • •

IT services outsourcing - Data center services. - Services table, user support. - Data migration. - Database development and support.

Mobile Application and Web Portals - Inter-platforms and devices. - Clients, providers, employees.

22


•

Digital Marketing - Market research. - Communications and bulletins.

•

Payment and financing - Internet means of payment. - Online factoring.

In sum, the use of added value services peripheral to the offer of digital fiscal services, complement the administrative and operative needs of the taxpayers of all sectors and economic levels, capitalizing the benefits of online tax-paying. d. Foresight of joint operative model on digital fiscal matters The opportunities for collaboration between SAT and the fiscal information exchange providers shall strengthen in the short and medium term. The taxpayers will seek for the automation mechanisms to enable them to comply simply with their information obligations online. The participation of a trustworthy third party, with the capacity to simultaneously offer added value services to the information exchanged with SAT, as well as the capacity of integration between the local systems of the taxpayer and SAT will enable for the required information to be selected, integrated, converted and sent to SAT without the need of human intervention for medium and major sized companies. For small taxpayers, it is expected for the systems to enable the user to entry the minimum amount of information, for the applications to calculate, order information and transfer it to SAT. In many federal and local collection administrations of other countries, no consideration has been made yet to the opportunity for improvement that comes parallel to the participation of private persons as facilitators of the exchange of information. The construction of intermediate informatics services that enable a total integration and the full automation provides on the one hand the ease for the taxpayer for fiscal compliance and on the other part the possibility of having the information online. The vision of a collaboration model between the informatics providers and SAT answers the diversity in segmentation of the taxpayers that wish to comply with their obligations, but that demand agile and simple mechanisms to interact with the authority. The fiscal informatics providers, are not limited to the strict compliance with channeling the information of their clients to SAT, but that understand the operative needs of their clients, which to beyond transferring information. As applicable, it may be the exchange of invoices and commercial messages as requests, notices of reception of goods and payments, among others, with the provider; invoincing portals; security mechanisms for the delivery of payroll to employees; integration of accounting policies and validation mechanisms for their calculation; obtain and pre-fill information from diverse sources fort tax returns and commercial exchange; among other activities. The individuals and micro-businesses require simple schemes for self-consumption, while the companies and corporate entities require the integration of local and international systems. All that work that

23


transcends the fiscal world, is provided by the informatics experts that also serve as an electronic communications channel with SAT. Such multiplication of providers allows the authority to distribute workloads that typically generate strong bottlenecks on deadlines for the submission of information. To the extent that such intermediaries are authorized to offer an official receipt over the reception of the fiscal information, the compliance of the taxpayer is improved, because it does not undergo delays associated to the avalanche of simultaneous petitions for delivery generated for the taxpayers on the last hours of the final day for compliance of certain fiscal obligation. Such task is distributed between the different providers and the waiting lines between them and SAT no longer require a symmetric management, but it may also be asymmetric from the informatics point of view, managing some hours of difference authorized to conclude the delivery tasks to the authority by the intermediary, but for due compliance in time and form for the taxpayer. With the support of informatics intermediaries, the perception of the taxpayer is improved, the anxiety for delivery is reduced and there is improvement on the business processes related to fiscal and operative compliance of individuals and companies. Naturally, the government does not regard itself as a service provider that transcends its tax collection obligations. Such public-private collaboration opens such frontiers and provides multiple added value options to the taxpayer. The fiscal authorities improve the processes for exchange of information with the taxpayers, there is an opening for new means of communication and an offer of services that transcend the fiscal scope but that are necessary for the end user. It is a model of high productive impact for the taxpayer and the authorities. The countries that have adopted such scheme are prone to avoiding monopolies. Not only in the economic scope, but the monopoly of information that most of the times leads to the frustration of the compliant taxpayer, who is not heard and attended by the authority. The participation of private persons as facilitating third parties replace the regulating government for a provider committed to its client. Distributed support and attention mechanisms are distributed instead of only one collection center and with lack of support. Such scheme creates a virtuous circle of fiscal compliance, timely information and better collection of taxes, at the same time that it improves the perception of the tax pater, who feels supported and attended in the compliance of its obligations in a scheme dedicated for each user and with a schedule of 7 days a week and 24 hours of availability, if so requested by the tax payer.

AMEXIPAC, A.C. is the Mexican Association of Authorized Certification Providers that represents the market leaders of the industry of digital tax payment. Incorporated in 2012, its Partners process the greatest amount of fiscal electronic transactions in Mexico and concentrate the offer of added value services in certified digital communications. For more information visit: www.amexipac.org Follow us in social media: Twitter @amexipac | Facebook /amexipac Contact Information: amexipac@amexipac.org.mx | +52 (55) 8000 6575

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Argentina IX. Summary or profiles by country

Mandatory nature of Electronic Invoice

Operative model

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

Specific sectors General regime: - Mono-payers: categories H, I, J, K and L - Responsible Parties registered in VAT: All, except domicile and “routed� transactions. - Exporters Other regimes: With obligation pursuant to activity they develop, type of taxpayer or need to access certain benefits (capital assets) - Excluded: persons with obligation to use Fiscal Control

Yes. Conditional.

For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

700,000 taxpayers registered in VAT without fiscal control. 227,000 mono-payers of obligated categories. 3,000 exporters approximately.

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice? How do you describe the status of regulation of project of Electronic Invoicing in your country?

The rest of mono-taxpayers 2,500,000 approximately

How would you describe the chronogram of implementation of electronic invoicing?

What are the main challenges for maturity and implementation of electronic invoice project?

What volume of annual print electronic invoice does your country have?

For mono-payers of categories not included as mandatory

Taxpayers registry Taxpayer registry

14,400,000 *CUITs on 2015

Legal persons

1,400,000

Individuals with commercial activity

3,000,000

Salaried persons

10,000,000

Is issuance in XML format mandatory?

No

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

Interactive Web Service

Yes, when the authorization is procured by means of web service.

Is participation of services authorized providers admitted?

Yes, but participation a provider is not mandatory

How many authorized providers exist in your country as of today?

The providers are not regulated by AFIP, in case of using the services of a provider the company delegates the authorization upon them.

Is a model in line with validations for issuance in real time?

Yes

If negative, please describe the operative model

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

It is mandatory to make available for the receiver the receipt. Means are not regulated for delivery and may be digital or in paper.

Is digital conservation of document mandatory?

Yes

For how long must digital CFDI be safeguarded?

10 years

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

- Provision of services and commercialization of assets for transactions in internal market - Transactions abroad, exporting assets and/or services.

Yes, bar code authorized by means of interactive web service that generates receipt in PDF format. No

Yes, does have fields for free use and others regulated for certain activities. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Concepts that may be electronically invoiced What concepts give rise to mandatory issuance of electronic invoices?

General Resolutions: 2485/2008; 2758/2010; 2904/2010; 2926/2010; 3067/2011; 3411/2012; 3749/2015 Microsites: - E Invoice https://www.afip.gob.ar/fe/ - Webservices https://www.afip.gob.ar/ws/ A.F.I.P. (Federal Administration of Public Revenue) Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not avaible

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

1,022,522,370

4,087,379,037

Advanced Electronic Signature Digital Certificates

25

Certificates issued during 2015

2,836

Accumulated volume of certificates up to 2015

7,000


Bolivia Mandatory nature of Electronic Invoice

Operative model

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

The issuance or mandatory electronic billing is provided for the following taxpayers: - Those with three or more economic activities - Sales not exceeding one transaction per period during six months - Sales exceeding 20,000 invoices - Issuance of invoices exceeding total amount of 1,000,000 - Principal and Major Taxpayers - Exporters - Electronic Commerce

For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

- Taxpayers with tree or more economic activities: 16,400 - Principal and Major Taxpayers: 5,343 - Exporters: 1,944 - Subscribed to electronic: 9,118

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

The taxpayers subject to VAT optionally to use electronic billing are: Individuals: 221,458 Entities: 28,223

How do you describe the status of regulation of project of Electronic Invoicing in your country?

Yes

Taxpayers not found among persons with obligation may also use electronic billing without restriction

How would you describe the chronogram of implementation of electronic invoicing?

What are the main challenges for maturity and implementation of electronic invoice project?

What volume of annual print electronic invoice does your country have?

332,057 * On 2015 30,087

Individuals with commercial activity

301,970 304,000 salaried persons * If yet they are incorporated as passive subjects of the VAT Complementary Regime, which do not form part of the registry since employers are informers of AT about their dependents. Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Text files, encrypted and compressed

Is participation of services authorized providers admitted? How many authorized providers exist in your country as of today?

Yes, only for modalities of Web Electronic Billing and Cycle Billing

There are no authorized services providers, but there is a possibility of a third party issuing the invoice on behalf of a holder, denominated thirdparty billing, which includes the modalities of Cycle Electronic and Computer Billing

Is a model in line with validations for issuance in real time?

From the three modalities of electronic billing, only the modality of Virtual Office Billing, the issuance is on line, in each transaction and in real time, the others are only for their own characteristics. For the Virtual Office Billing, the taxpayer shall be connected by Internet, register the information of the transaction and validate the information, further may issue and deliver the corresponding invoice.

If negative, please describe the operative model

Modalities for electronic billing that are online, have the following characteristics: - Cycle Electronic: The AT provides dosage key for taxpayer to issue invoices and within a term of days (cycle) submit the information about invoices issued by means of electronic receipt and so on successively. - Electronic Web: The taxpayer sends data of one or more transaction (date, name, identification document and amount) in order for the AT to complete the information of the invoices (Authorization number, invoice number, issuance deadline, and control code); thereafter, it returns to the taxpayer through an electronic receipt, to be issued and delivered to the client.

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes it is mandatory for security matters.

Is digital conservation of document mandatory?

Yes, for operative purposes

For how long must digital CFDI be safeguarded?

8 years * Time of prescription pursuant to Article 59 of Law No. 2492 of August 2, 2003, amended by Law No. 812 of June 30, 2016.

Yes, found with electronic receipt that contains information chain, additionally, contains and is reflected by means of control code.

Do you use bar code or QR?

Legal persons

Salaried persons

No

Does it contain an original chain with time stamp or electronic signature?

Taxpayers registry Taxpayer registry

Is issuance in XML format mandatory? In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

Provision of services and sale of personal property.

The QR code.

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI?

Yes, but with the following exceptions: - Initially not managed as XML but as encrypted information and within exchange of messages. - For Virtual Office Modality, it may attach commercial information (case of exporters). - For Web Electronic Billing information is added and completed about transaction with corresponding information to SIN (No of authorization, Limit date for issuance and Control Code).

Does it have fields destined to free use? Are such fields regulated?

Pursuant to norm, in general all invoices must comply with technical aspects and fields established, however, pursuant to characteristics of some transactions, taxpayers may adjust such fields prior communication to SIN. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

Directory Normative Resolution (RND) No. 10-0021-16 of Virtual Billing System (SFV) dated July 1, 2016 issued by National Fiscal Service, this normativity adjusts and consolidates RND No 10-0025-14 dated August 29, 2014. http://www.impuestos.gob.bo/index.php?option=com_content&view=article&id=958&Itemid=517

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Directory Normativity Resolution (RND) No 10-0021-16 of the Virtual Billing System (SFV) dated July 1, 2016 issued by the National Fiscal Service, such norm adjusts and consolidates RND No 10-0025-14 dated August 29, 2014. National Fiscal Service Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Manual billing: 1,114,594,466 Pre assessed: 491,281,737 Computer: 341,828,222 * The fiscal document authorized by SIN is denominated fiscal invoice or note.

Volume of electronic invoices issued during 2015

Online and Electronic Invoice: 9,771,196

Accumulated volume of electronic invoices up to 2015

42,060,886 * Online and web accumulated

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Information not available since the SIN is not a certifying company. Accumulated volume of certificates up to 2015

Information not available since the SIN is not a certifying company.

26


Brazil

Mandatory nature of Electronic Invoice Is the issuance of electronic invoice mandatory in your country?

Operative model

Yes

Is issuance in XML f ormat mandatory?

Yes

Legal persons

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

None

Is participation of services authorized providers admitted?

No

How many authorized providers exist in your country as of today?

Is a model in line with validations for issuance in real time?

Yes

If negative, please describe the operative model

For which taxpayers is the issuance of electronic invoice currently mandatory? For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Primary producers

3.17 million

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Information not available * Upon existence of primary producers also not subject to provide cadastral information

How do you describe the status of regulation of project of Electronic Invoicing in your country? How would you describe the chronogram of implementation of electronic invoicing? What are the main challenges for maturity and implementation of electronic invoice project?

What volume of annual print electronic invoice does your country have?

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes

Is digital conservation of document mandatory?

Yes

For how long must digital CFDI be safeguarded?

During the current year and 5 years thereafter

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR?

Yes

Yes

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

Yes Yes, they are regulated

Taxpayers registry Taxpayer registry

Normativity

Information not available

Legal persons

19,464.180 * Company measurement

Individuals with commercial activity

Information not available

Salaried persons

Information not available Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Official normativity documents that contain legal basis for Electronic Invoicing in your country Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Adjustment Sinief 07/2005, Adjustment Sinief 07/2009, Agreement ICMS 115/2009 https://www.confaz.fazenda.gov.br/ Taxpayer Orientation Manual NF-e/NFC, Taxpayer Orientation Manual CT-e/MDF-e CONFAZ - Conselho Nacional de Politica Fazendaria

Provision of services, transfer of assets and circulation of assets.

Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not available

Volume of electronic invoices issued during 2015

3,539,729,587

Accumulated volume of electronic invoices up to 2015

14,728,848,659

Advanced Electronic Signature Digital Certificates

27

Certificates issued during 2015

38,162,730

Accumulated volume of certificates up to 2015

Information not available


Chile Mandatory nature of Electronic Invoice Is the issuance of electronic invoice mandatory in your country?

Operative model

Progressive as of 2015 through 2018

For which taxpayers is the issuance of electronic invoice currently mandatory?

Currently for major companies and small and medium urban.

For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Approximately 130,000 legal persons (no individuals), in two years more than 480,000 taxpayers.

Currently micro companies and rural companies.

Is issuance in XML format mandatory?

Yes

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

None

Is participation of services authorized providers admitted? How many authorized providers exist in your country as of today?

Yes but the liability falls upon taxpayer. Not identified exactly, 50 approximately.

Is a model in line with validations for issuance in real time?

No

Yes

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Currently 350,000 legal persons, in two years, but will not be optional for any legal person.

If negative, please describe the operative model

Asynchronous validation resolved in more than 90% less than a minute.

How do you describe the status of regulation of project of Electronic Invoicing in your country? How would you describe the chronogram of implementation of electronic invoicing? What are the main challenges for maturity and implementation of electronic invoice project?

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes, the receiver is also taxpayer that participates in the system.

Is digital conservation of document mandatory?

SĂ­

For how long must digital CFDI be safeguarded?

6 years

Does it contain an original chain with time stamp or electronic signature?

Yes, with digital signature. No time stamp.

What volume of annual print electronic invoice does your country have?

Do you use bar code or QR?

No, uses PDF417 No

5,570,582 * On 2015

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

Taxpayers registry Taxpayer registry

Legal persons

909,818

Individuals with commercial activity

1,322,157

Salaried persons

3,338,607 Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Pursuant to annual revenue, for sales and services in last calendar year.

Yes, an area of 1024 bytes. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

VAT Law, Resolutions issued by Internal Tax Service 11,18 and 45 of 2003. Mandatory: Law No. 20.727 of January 31, 2014. www.sii.cl

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Formats and guidelines published at: www.sii.cl

Internal Fiscal Service Statistics in Latin America

Tax receipts Volume of receipts in paper issued during 2015

71.1 million

Volume of electronic invoices issued during 2015

367.5 million

Accumulated volume of electronic invoices up to 2015

1,941 million

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Information not available Accumulated volume of certificates up to 2015 Information not available

28


Colombia

Mandatory nature of Electronic Invoice

Operative model

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

The DIAN is in process of selection of taxpayers with obligation to invoice electronically

For which taxpayers is it optional to invoice electronically?

Currently all sectors have obligation voluntarily

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

347,000 The universe of persons with obligation may be selected or enter voluntarily for electronic invoicing

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

347,000 The universe of persons with obligation may be selected or enter voluntarily for electronic invoicing

Yes

Is issuance in XML format mandatory? In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

Yes Yes

Is participation of services authorized providers admitted?

Yes

How many authorized providers exist in your country as of today?

Is a model in line with validations for issuance in real time?

In transition No

If negative, please describe the operative model

The issuers send within 48 hours following the generation of FE a counterpart to DIAN.

How do you describe the status of regulation of project of Electronic Invoicing in your country?

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

How would you describe the chronogram of implementation of electronic invoicing?

Is digital conservation of document mandatory?

What are the main challenges for maturity and implementation of electronic invoice project?

What volume of annual print electronic invoice does your country have?

366,178,456 as of December 31, 2014 issued by 199,728 taxpayers Taxpayers registry

Taxpayer registry

15,388,646 * On 2015

Legal persons

5,658,550

Natural persons with commercial activity Salaried persons

9,385,193 * Simplified regime 344,903 * Common Regime

Concepts that may be electronically invoiced What concepts give rise to mandatory issuance of electronic invoices?

Volume of transactions, revenue, patrimony, importance in collections, level of risk, compliance with tax obligations, petitioners of returns, urban and/or rural zones.

Yes

Yes

For how long must digital CFDI be safeguarded?

5 years

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

Yes Yes

Yes, but not regulated Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Law 223 of 1995, Law 527 of 1999, Decree 2242 of 2015, Resolution 019 of 2016 http://www.dian.gov.co/contenidos/otros/fac_electronica.html Technical exhibits of Resolution 019 of 2016 (6).

Direction of Taxes and National Customs Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not available

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

Information not available

Information not available

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Accumulated volume of certificates up to 2015

29


Costa Rica

Mandatory nature of Electronic Invoice Is the issuance of electronic invoice mandatory in your country?

Operative model

No * Currently there is a normativity project subject to public consultation, which if approved, would become effective on February 2017

Is issuance in XML format mandatory?

Yes

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

None

For which taxpayers is the issuance of electronic invoice currently mandatory?

For which taxpayers is it optional to invoice electronically?

Is participation of services authorized providers admitted?

Yes, but providers are not authorized by the Ministry of Finance, the liability is of the taxpayer

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

How many authorized providers exist in your country as of today?

Information not available

Is a model in line with validations for issuance in real time?

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

We are working in the project to receive online, however the Ministry of Finance shall have a validation time of 3 hours.

How do you describe the status of regulation of project of Electronic Invoicing in your country?

In development

How would you describe the chronogram of implementation of electronic invoicing?

There is currently a normativity project subject to public consultation, which if approved, would become effective on February 2017

What are the main challenges for maturity and implementation of electronic invoice project?

Information not available

What volume of annual print electronic invoice does your country have?

Information not available Taxpayers registry

Taxpayer registry

Information not available

Legal persons

170,885

Natural persons with commercial activity Salaried persons

437,331

Information not available Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Information not available

Yes

If negative, please describe the operative model

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes

Is digital conservation of document mandatory?

Yes

For how long must digital CFDI be safeguarded?

5 years and 10 years in fiscal fraud

Does it contain an original chain with time stamp or electronic signature?

Yes, for electronic signature

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

In new normativity to become effective on 2017, requested for graphic representation No

Yes Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

There is normativity http://www.hacienda.gocr/contenido/13727-comprobantes-electronicos

Information not available

Electronic receipts: Ministry of Finance Electronic signature: Ministry of Science and Technology and Communications Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not available

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

Information not available

Information not available

Certificados Digitales de Firma Electrรณnica Avanzada Certificates issued during 2015

Does not apply, is competence for the Central Bank of Costa Risa

Accumulated volume of certificates up to 2015

Does not apply, it is competence for the Central Bank of Costa Rica

30


Ecuador

Mandatory nature of Electronic Invoice

Is the issuance of electronic invoice mandatory in your country?

Yes, for specific sectors

Financial institutions, special taxpayers with telecommunication activity, entities managing credit cards, exporters and special taxpayers not provided, self-printers, sales through internet to institutions of public sector * SRI WEB site Taxpayers not included in foregoing sectors

For which taxpayers is the issuance of electronic invoice currently mandatory?

For which taxpayers is it optional to invoice electronically?

Operative model Is issuance in XML format mandatory?

Yes

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

None

Is participation of services authorized providers admitted?

No

How many authorized providers exist in your country as of today? Is a model in line with validations for issuance in real time? If negative, please describe the operative model

Yes

Not for issuance in real time

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

13,806 registered to the electronic billing system and 16,955 in testing phase

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Information not available

How do you describe the status of regulation of project of Electronic Invoicing in your country?

In development

How would you describe the chronogram of implementation of electronic invoicing?

Information not available

Is digital conservation of document mandatory? For how long must digital CFDI be safeguarded?

7 years for issuer and for receiver

What are the main challenges for maturity and implementation of electronic invoice project?

Conserve off line billing model as mandatory as of January 2018

Does it contain an original chain with time stamp or electronic signature?

Yes

What volume of annual print electronic invoice does your country have?

Information not available

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

QR Code

Taxpayers registry Taxpayer registry

1,832,478

Legal persons

Information not available

Natural persons with commercial activity Salaried persons

Information not available

Information not available

Concepts that may be electronically invoiced What concepts give rise to mandatory issuance of electronic invoices?

Financial activities, of telecommunications, activities of entities that manage credit cards, exports, sales through internet and activities of public sector

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Online: The time of issuance is of 5 days as of the date of authorization of sale receipt. Off line: Send the invoice to electronic mail of client at time of transaction. No, may be printed

Yes

Information not available

No, the fields are mandatory and found in the Technical Form: Manual and specifications about issuance process of Electronic Receipts. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Organic Law of Internal Fiscal Regime, Tax Code, Fiscal Reform Law, Reform Law for fiscal equity in Ecuador http:77www.sri.gob.ec/webguest/base-legales Resolution NAC-DGEROGC 12, 13, 14, 15 and 16 of the Electronic Commerce Law, Electronic Signatures and Date Messages and its Regulations Internal Revenue Service Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not available

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

1,279,050,652

Information not available

Certificados Digitales de Firma Electrรณnica Avanzada Certificates issued during 2015 Accumulated volume of certificates up to 2015

31

Information not available

Information not available


El Salvador

Mandatory nature of Electronic Invoice

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

Operative model

No

Is issuance in XML format mandatory?

Yes None

For which taxpayers is it optional to invoice electronically?

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Is the use of electronic signature digital certificates mandatorily required?

Yes

Is participation of services authorized providers admitted?

Yes

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

How many authorized providers exist in your country as of today?

None exist to this date

Is a model in line with validations for issuance in real time?

Yes

How do you describe the status of regulation of project of Electronic Invoicing in your country?

Under legal analysis

If negative, please describe the operative model

How would you describe the chronogram of implementation of electronic invoicing?

Expectation 4 years

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes

What are the main challenges for maturity and implementation of electronic invoice project?

Investment in technological infrastructure and approval of legal normativity. Economic conditions (Reduced market for PAS) Information not available

Is digital conservation of document mandatory?

Yes

For how long must digital CFDI be safeguarded?

10 years

What volume of annual print electronic invoice does your country have?

Taxpayers registry Taxpayer registry

403,228 * On 2015

Legal persons

49,321

Natural persons with commercial activity Salaried persons

108,294

245,613

Concepts that may be electronically invoiced What concepts give rise to mandatory issuance of electronic invoices?

Does not apply

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

QR Code No

Yes, has fields for free use. Not regulated.

Normativity Official normativity documents that contain legal basis for Electronic Invoicing in your country

No

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

No

Ministery of Finance Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not available

Volume of electronic invoices issued during 2015 Accumulated volume of electronic invoices up to 2015

Certificados Digitales de Firma Electrรณnica Avanzada Certificates issued during 2015

Accumulated volume of certificates up to 2015

32


Mexico Mandatory nature of Electronic Invoice Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

Operative model

Yes

Entities and individuals with commercial activity

For which taxpayers is it optional to invoice electronically?

Mandatory for all

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

21.2 million

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Mandatory for all

How do you describe the status of regulation of project of Electronic Invoicing in your country?

Mature

How would you describe the chronogram of implementation of electronic invoicing?

What are the main challenges for maturity and implementation of electronic invoice project?

What volume of annual print electronic invoice does your country have?

Taxpayers Registry

Taxpayer registry

53.3 million *On June 2016

Legal persons

1.8 million

Individuals with commercial activity

19.4 million

Salaried persons

32.1 million Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Acts or activities carried out, revenue received and withholdings of taxed paid

Is issuance in XML format mandatory?

Yes

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

None

Is participation of services authorized providers admitted?

Yes

How many authorized providers exist in your country as of today?

78

Is a model in line with validations for issuance in real time?

Yes

If negative, please describe the operative model

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Yes

Yes

Is digital conservation of document mandatory?

Yes

For how long must digital CFDI be safeguarded?

For 10 years for issuer and 5 years for accounting conservation

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

Yes Yes

Yes Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

Federal Tax Code http://www.diputados.gob.mx/LeyesBiblio/pdf/8_170616.pdf

Regulations for Federal Tax Code

http://www.diputados.gob.mx/LeyesBiblio/regley/Reg_CFF.pdf

Omnibus Tax Bill 2016

http://www.sat.gob.mx/informacion_fiscal/normatividad/Paginas/resolucion_miscelanea_2016.aspx

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country Regulating authority

Exhibit 20 of Fiscal Miscellaneous Resolution for 2016.

http://www.sat.gob.mx/informacion_fiscal/normatividad/Paginas/resolucion_miscelanea_2016.aspx

Fiscal Administration Service (SAT) Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Volume of electronic invoices issued during 2015

5,782.1 million

Accumulated volume of electronic invoices up to 2015

20,582.1 million

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 11,670,826 million Accumulated volume of certificates up to 2015

33

39,292,291 million


Peru Mandatory nature of Electronic Invoice

Operative model

Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Individuals that generate revenue for sales or provision of services subject to VAT and Corporate Rent and workers that provide services independently to end users.

How do you describe the status of regulation of project of Electronic Invoicing in your country? How would you describe the chronogram of implementation of electronic invoicing?

What are the main challenges for maturity and implementation of electronic invoice project? What volume of annual print electronic invoice does your country have?

Defined as persons with obligation, the principal taxpayers at national level

All kind of taxpayers, not appointed by SUNAT

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required? Is participation of services authorized providers admitted?

Is a model in line with validations for issuance in real time?

Is digital conservation of document mandatory?

It is expected that in 2016, 100% of the principal taxpayers will issue electronic billing and by 2018, 100% of the individuals that generate revenue for sales of provision of services subject to VAT and Corporate Rent as well as all workers that provide services independently to end users. The costs for implementation to be incurred by the taxpayer for adaptation of processes.

12,600,900 *On 2015

Legal persons

423,400

Individuals with commercial activity

1,527,700

Salaried persons

4,442,500 Workers in charge of an employer 6,207,300 Independent Workers

Yes

Yes 38 Not in the systems of the taxpayers, only in portal.

If negative, please describe the operative model Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

In mass process

- 444,367,383 sales bulletins - 15,066,349 RHE * The print representation of electronic invoice does not have fiscal effectiveness. In the case of sales bulleting (not supporting expense, cost, or fiscal credit), it is mandatory, unless the consumer accepts a virtual measure of delivery. In case of those Receipts for Fees (RHE), a print representation is not required, except to end consumer Taxpayers Registry

Yes None

How many authorized providers exist in your country as of today?

Concepts that may be electronically invoiced

809,800

Taxpayer registry

What concepts give rise to mandatory issuance of electronic invoices?

Is issuance in XML format mandatory?

Yes

Regulation of sending an XML through web service, on the date of issuance or at most 7 calendar days thereafter Yes, but only in case of receipts with fiscal mailbox: Invoices and notes of credit and debit associated. Yes

For how long must digital CFDI be safeguarded?

5 years

Does it contain an original chain with time stamp or electronic signature?

Yes / No

Do you use bar code or QR? Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI? Does it have fields destined to free use? Are such fields regulated?

Yes, uses bar code and QR No. Uses a UBL standard, which allows the incorporation of non-fiscal information. Use of a standard allows private use, to incorporate non-fiscal information in orderly manner. Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

RS 097-2012/SUNAT and amendments, RS 182-2010/SUNAT and amendments, RS 300 – 2014/SUNAT and amendments.

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country

Regulating authority

Programmer Manual, UBL Guide for ellaboration of electronic documents.

National Superintendence of Customs and Fiscal Administration Statistics in Latin America Tax receipts

526,002,774 invoices 2,076,582,975 sales bulletins

Volume of receipts in paper issued during 2015

Transfers of assets or provision of services

Volume of electronic invoices issued during 2015

58,334,542

Accumulated volume of electronic invoices up to 2015

72,726,968

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Accumulated volume of certificates up to 2015

Information not avaible Information not avaible Without estimation since digital certificates issued by foreign entities are accepted with web trust accreditation, which are distributed by private companies.

34


Portugal

Mandatory nature of Electronic Invoice Is the issuance of electronic invoice mandatory in your country?

For which taxpayers is the issuance of electronic invoice currently mandatory?

For which taxpayers is it optional to invoice electronically?

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Operative model

No

How do you describe the status of regulation of project of Electronic Invoicing in your country?

How would you describe the chronogram of implementation of electronic invoicing?

What are the main challenges for maturity and implementation of electronic invoice project?

Mature

No Information not avaible

No

Is participation of services authorized providers admitted?

Yes

How many authorized providers exist in your country as of today?

Is a model in line with validations for issuance in real time?

If negative, please describe the operative model Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

Information not avaible Yes

Information not avaible Yes 10 years

Information not avaible

Does it contain an original chain with time stamp or electronic signature?

Yes

Information not avaible

Do you use bar code or QR?

No

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI?

Yes

15,693,096 *On 2015

Legal persons

473,394

Individuals with commercial activity

977,531

Salaried persons

Information not avaible Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

For how long must digital CFDI be safeguarded?

Taxpayers Registry Taxpayer registry

Is digital conservation of document mandatory? Information not avaible

What volume of annual print electronic invoice does your country have?

Is issuance in XML format mandatory? In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

Information not avaible

Does it have fields destined to free use? Are such fields regulated?

No Normativity

Official normativity documents that contain legal basis for Electronic Invoicing in your country

VAT Code and EU Legislation

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country

DL nยบ 196/2007 of may 15

Regulating authority

Fiscal and Customs Authority (AT) Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

Information not avaible

Volume of electronic invoices issued during 2015

Information not avaible

Accumulated volume of electronic invoices up to 2015

Information not avaible

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Accumulated volume of certificates up to 2015

35

Information not avaible Information not avaible


Uruguay

Mandatory nature of Electronic Invoice

Operative model Is issuance in XML format mandatory?

Yes

In case of admitting another form of mandatory issuance, what is the format or additional technology or alternative? Is the use of electronic signature digital certificates mandatorily required?

For non-electronic receivers paper or PDF is admitted if accepted

Entities and individuals

Is participation of services authorized providers admitted?

Yes

Pursuant to taxpayers registry of your country, how many taxpayers fall within your current mandate for issuance of electronic invoice?

Information not avaible

How many authorized providers exist in your country as of today?

20

Pursuant to the taxpayers registry of your country, how many fall within the option for issuance of electronic invoice?

Information not avaible

How do you describe the status of regulation of project of Electronic Invoicing in your country?

In development

Is it mandatory to send digital receipt through electronic means to party receiving fiscal receipt?

How would you describe the chronogram of implementation of electronic invoicing?

Expectation of status in 3 years

Is digital conservation of document mandatory?

What are the main challenges for maturity and implementation of electronic invoice project?

Universal characteristic of CFE

What volume of annual print electronic invoice does your country have?

Is the issuance of electronic invoice mandatory in your country?

Yes

For which taxpayers is the issuance of electronic invoice currently mandatory?

Entities and individuals in some specific sectors

For which taxpayers is it optional to invoice electronically?

Is a model in line with validations for issuance in real time?

1,644,808 *On 2015

Legal persons

124,179

Individuals with commercial activity

217,941

Salaried persons

1,302,688 Concepts that may be electronically invoiced

What concepts give rise to mandatory issuance of electronic invoices?

Provision of services and transfer of assets

Yes (asynchronous modality)

If negative, please describe the operative model

Taxpayers Registry Taxpayer registry

Yes

Yes

Yes

For how long must digital CFDI be safeguarded?

5 years

Does it contain an original chain with time stamp or electronic signature?

Yes

Do you use bar code or QR?

Yes

Does it allow the use of addenda (information complementary to XML) that attach commercial information to CFDI?

Yes

Does it have fields destined to free use? Are such fields regulated?

No (only addenda)

Normativity Official normativity documents that contain legal basis for Electronic Invoicing in your country

Official technical documents that serve as legal basis for operation of Electronic Invoicing in your country

Regulating authority

Decree-Laws and Resolutions

Functional documents

General Tax Direction Statistics in Latin America Tax receipts

Volume of receipts in paper issued during 2015

353.38 million

Volume of electronic invoices issued during 2015

362.95 million

Accumulated volume of electronic invoices up to 2015

719.62 million

Advanced Electronic Signature Digital Certificates Certificates issued during 2015 Accumulated volume of certificates up to 2015

DGI does not issue depends on issuers authorized by UCE DGI does not issue, depends on issuers authorized by UCE

36


Sources Argentina Silvia Teresita Otero Federal Administration of Public Revenue Bolivia Felipe Mamani Juana Jiménez Soto María del Carmen Arancibia National Taxes Service, SIN Brazil Eudaldo Almeida de Jesus Conselho Nacional de Política Fazendária, CONFAZ Chile Marcela Lacoste Internal Taxes Service CIAT Raúl Zambrano Director of Technical Assistance and Information and Communication Technology of the Inter-American Center of Fiscal Administrations, CIAT. Colombia Luis Bill Cespedes Garcia Direction of Taxes and National Customs Ecuador Paola Isabel Hidalgo Verde Internal Revenue Service Costa Rica Minor Andrés Arias Alfaro General Taxes Direction El Salvador Hugo Edgardo Grande Ministry of Finance Mexico Adrián Guarneros Tapia General Administration of Taxpayer Services of the Internal Revenue Service, SAT. Nelly V. Maldonado Mexican Association of Authorized Certification Providers, AMEXIPAC, A.C Peru Maribel Paredes Maco Project Management- electronic payments Books and Receipts. National Customs Superintendence and Fiscal Administration. Portugal Miguel Silva Pinto Fiscal and Customs Authority, AT Uruguay Margarita Faral General Taxes Direction


EDITORIAL Direction Nelly V. Maldonado | AMEXIPAC ART AND DESIGN HELLOID.NET AMEXIPAC, S.C. All rights reserved 2016. Nor all nor part of this publication may be reproduced or stored in a recovery system or transferred in any way, whether electronically, through optical means, mechanically, in photocopy, magnetic means, recording or any other means, without the prior written authorization of AMEXIPAC, A.C. For any clarification please contact us at the email info@amexipac.org.mx. The content and information contained herein is integrated and/or developed with informational purposes exclusively and does not constitute a professional fiscal or legal opinion, for which AMEXIPAC, A.C. does not assume any liability regarding its use.


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