10 New Latin American Mandates to Expect in 2016
The rate of change of business-to-government compliance mandates in Latin America continues compounding, with no less than 10 (ten!) new regulations expected in 2016. Managing these changes can be...
View ArticleEight Significant Changes to Brazil's EInvoicing & VAT Tax Compliance Measures
In 2016, a number of changes will go into effect in Brazil designed to help the government better audit, track and trace tax liabilities in real time. Here, let’s take a deeper dive into these new...
View ArticleColombia’s E-Invoicing Mandates in 2016: 8 Key Dates Not to Miss
In February 2016, the DIAN released the technical specifications for its electronic invoicing model. The comprehensive 269-page document contains the details that companies need to be aware of when...
View ArticleMexico SAT Announces Electronic Audits in 2016 now that eContabilidad...
The culmination of Mexico’s e-invoicing and e-accounting mandates is scheduled to begin later this year in the form of electronic audits. Now that the government has standardized invoicing and...
View ArticleUnited States Implements EInvoicing and Reporting: Similarities to Latin...
Latin America has long been at the forefront of business-to-government compliance requirements, and nations across the globe have taken note of how countries in this region have successfully cracked...
View ArticleLatin America Goes Global with Country-by-Country Tax Reporting Requirements
E-invoicing requirements in Latin America began as a way for individual countries to track tax obligations within their own borders, but now efforts are underway to prevent tax evasion on a more...
View ArticleShared Services Critical Role in Latin American Compliance
Multinationals operating in Latin America are often surprised by the depth and complexities of business-to-government mandates pervasive in this region. From e-invoicing to e-accounting and now to...
View ArticleErnst & Young Survey Detects CFOs’ Declining Confidence in Global Compliance...
In a survey of 1,000 CFOs in companies with revenues greater than $500 million, Ernst & Young discovered that confidence is waning, particularly when it comes to the effectiveness of their...
View ArticleMexico adjust CFDI e-invoicing for Exports - Due by July 2016
This is just a quick note and reference for a massive change coming down the road concerning government mandated electronic invoicing in Mexico. The first moves ahead of a major 3.3 XML schema change...
View ArticlePeru Mandates Expand Beyond VAT to Withholding Tax E-Invoicing
Two new mandates announced by the SUNAT, the Peruvian tax authority, are set to take effect startingJuly 1, 2016. The companies mandated to comply with these measures – Comprobantes de Retencion (CRE)...
View ArticleTax Compliance Implications Abound for Maquiladoras in Mexico
Maquiladoras, a special class of manufacturers in Mexico, benefit from reduced tax obligations, making business-to-government compliance accuracy even more critical for the companies holding this...
View ArticlePrepared for Mexico e-invoicing CFDI version 3.3?
As the second largest exchanger of e-invoices in the world – behind only Brazil – Mexico is quickly becoming one of the most sophisticated financial compliance governments in the world. In some ways,...
View ArticleIndirect Tax Functions Under-Resourced, Inefficient
Virtually every business transaction results in an indirect tax consequence – i.e., an intermediary collects taxes that it then must report and pay to the government. In Latin America and other...
View ArticleHow to Calculate Brazil Nota Fiscal Compliance Costs
We recently examined the complexities involved in calculating all of the costs associated with compliance in Latin America. It’s not just a matter of implementing a set-it-and-forget-it technology;...
View ArticleMexico’s Tax Authority (SAT) Discusses Potential Changes to E-Invoicing and...
Earlier this month, the SAT, Mexico’s tax authority, discusses changes in its e-invoicing, payroll receipts (nomina) and payment receipt (comprobantes de pago) processes. Designed to mitigate data...
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