How Can Latin America Tax Reporting Lower AP Costs & Free Up Cash Flow?
Proactively managing compliance in Latin America doesn’t just mean avoiding the significant fines and penalties associated with e-invoicing and reporting errors. It can also help your company free up...
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Ecuador E-Invoicing Mandates: What You Need to Know
Ecuador is among several countries in Latin America enacting and expanding e-invoicing legislation in 2015. The mandates in each country share similarities in purpose (boosting government revenues by...
View ArticleHidden Issues in Mexico eAccounting Reports Due by September 3, 2015
On September 3rd, multinationals will be required to submit their first journal entry (polizas) reports as required under Mexico eContabilidad legislation. These journal entries must date back to July...
View ArticleImplementing SAP in Brazil: Step 3 – Maintenance
In the past few weeks, we’ve discussed the challenges associated with implementing a global instance of SAP ERP within the complex regulatory environment of Brazil. With the strictest mandated business...
View ArticleWhy Accounts Payable Must Be Automated in Mexico
Mexico will be putting your tax deductions under a microscope when new eContabilidad (eAccounting) requirements go into effect this September. The SAT, Mexico’s tax authority, will now have the ability...
View ArticleAmparo for Mexico eContabilidad: Key Questions to Ask
September 2015 is quickly approaching, and in Mexico that means the journal entries, known as Polizas, are due for organizations that are required to submit the eContabilidad reports. As the deadlines...
View ArticleBusiness to Government Compliance: Latin America Turns to Automation for Tax...
There is major shift in the way governments in Latin America regulate businesses – particularly multinationals – that is distinct from anything else seen in global compliance. Unlike the United States...
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Latin American Business-to-Government Compliance Adds Challenges to Sales...
As we recently examined, governments throughout Latin America are leading the way in regulatory solutions to combat VAT tax fraud and ensure they are collecting maximum taxes from multinational...
View ArticleTop 10 Mistakes in Latin American Compliance That Can Cost Millions
With fines, penalties and operational disruptions as consequences of an inadequate approach to managing e-invoicing and reporting mandates in Latin America, multinationals in this region should take...
View ArticleBusiness-to-Government Regulations Streamline Procurement Processes
As business-to-government compliance mandates spread throughout Latin America and into the global economy, these countries are regularly introducing new ways to standardize and automate financial...
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Major Changes to Indirect Tax Legislation in Latin America
Compliance with strict e-invoicing, finance and tax reporting legislation throughout Latin America is not a one-time, set-it-and-forget-it process. The pace of legislative change in this region is...
View ArticlePeru SUNAT Publishes E-Invoicing Mandate for All Multinationals
Peru published new legislation on August 3, 2015 that mandates electronic invoicing as the standard starting in 2016. Over the last few years, the SUNAT (Peru’s Tax Authority) has announced a number...
View ArticleBusiness-to-Government Compliance Begin to Penetrate Human Resources Processes
Recently, we’ve been examining the tidal wave of business-to-government regulations in emerging markets and their impact on business operations, including sales and procurement. Heavily involving both...
View ArticleImproved Cash Flow Realized from Business-to-Government Compliance
In recent weeks, we’ve examined the rapid expansion of business-to-government compliance in countries that rely on VAT tax income. While Latin America is the current hotbed for such legislation,...
View ArticleEffective SAP Implementation in Mexico Is a Critical Component of...
In the past several years, we’ve seen an increasing trend of multinational corporations moving to a single global instance of SAP to maintain better visibility into operations around the globe and...
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The Rise of Business-to-Government Regulation
Increasing globalization has significantly changed the corporate tax function, with constantly shifting regulations and stakeholder demands. In a recent report, “Reshaping the Tax Function of the...
View ArticleAre You Prepared for Peru’s Impending Libros Requirements?
Although Peru’s e-invoicing requirements don’t go into full effect until the middle of next year, libros reporting extensions are due at the beginning of 2016. Companies MUST prepare now to meet these...
View ArticleBrazil 2016 SPED Adjustments: Block K Adds Complex Inventory and Production...
As Brazil continues to expand its business-to-government regulatory requirements to affect an ever-growing list of business processes and units, Block K is presenting drastic challenges to...
View ArticleB2G Compliance in Latin America: Shipping Issues Compound IT Decisions
Latin America E-invoicing is not simply an issue to be managed by IT and finance teams – it significantly affects logistics and supply chains operations as well. If managed ineffectively, it can leave...
View ArticleEcuador SRI Transitions E-invoicing Approval Process to Offline Model
As a response to complaints that online government approval of e-invoices was slowing down shipments and supply chain processes, Ecuador recently announced that it is reversing its approval model – now...
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