Electronic Billing Platform
Electronic billing is widespread in the Latin America region, where more than half of e-invoices exchanged worldwide in 2014, roughly 25 billion, corresponded to Latin America. This region has already become the most advanced in the field in the international scope, due to the fiscal control policies carried out by the different states in the region.
To this end, countries such as Mexico, Chile, Brazil, Ecuador, Argentina, Guatemala or Peru, among others, have implemented compulsory models for electronic issuance and submission of invoices affecting the vast majority of taxpayers.
These electronic billing systems entail a number of complex legal and technical requirements calling for the services of a technology partner specialized in the development of e-invoicing solutions. In certain models, such as those implemented in Mexico or Guatemala, administrations stipulate that billing statements must be submitted through an Authorized Provider.
Mandatory: The vast majority of countries in the Latin American region have imposed to a greater or lesser extent the mandatory use of electronic invoicing as a fiscal control system.
|Prior administrative procedures: Some countries require application processes, records, certificates, or even communications and file format testing, as prior steps to becoming an electronic invoice issuer or receiver.|
|Invoice schema: In most cases the format in which the e-document should be structured is standardized, with XML as the most widely used language.|
|Tax Control Codes: Most models include a mechanism which inserts an electronic code into the invoice that makes the document issued valid for tax purposes. These codes are usually issued by what are known as “Authorized Certification Providers”.|
|Electronic signature: Different e-signature systems are in place to ensure the integrity and authenticity of invoices.|
|Safekeeping: Storage of the original e-documents under certain conditions by the transmitter and/or receiver is required.|
|Print formats: Some countries stipulate the mandatory format and details to be included in paper representations of the electronic invoice printout.|
Mexico’s tax administration has published several updates about the online digital tax document and some of its complements. These updates will become mandatory in 2017. This article explains them in detail
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