Common Compliance Challenges as Uruguay E-invoicing Requirements Expand
As Uruguay continues to formalize its e-invoicing requirements, with new mandates taking effect in 2016 based on revenues, several factors distinguish its compliance processes. Today, we’re examining...
View ArticleShould Enterprises Build or Turn to the Cloud for a Latin American Compliance...
Latin America compliance is more complex than ever before, changing month to month, country by country. As such, companies are at a crossroad when it comes to einvoicing requirements in Latin America –...
View ArticleAmparo Timelines Are Running Out. Is Your Company Prepared?
When Mexico announced e-accounting legislation, many multinational corporations argued that the requirements were unconstitutional. Almost 10 percent (16,000) of the companies initially required to...
View ArticleColombia Mandates Electronic Invoicing for 2016
The much anticipated news from Colombia has arrived. On November 24, 2015, the Colombia DIAN (tax authority) announced in Decree 2242 that electronic invoicing will be mandated for specified companies...
View ArticleLatin America - Going After Cross-Border Tax Evasion with the Cloud & Big Data
As Latin America continues to lead the globe in innovations in mandated electronic invoicing, a new agreement among Argentina, Brazil and Mexico addresses one of the key challenges of these...
View Article2016 Outlook for Brazil Business-to-Government Compliance: Audit Surge...
When Brazil announced its e-invoicing mandate in 2008, such strict and comprehensive regulatory measures were unprecedented. However, Brazil set the stage for business-to-government compliance...
View ArticleLatin America Is Setting the Bar for Shared Services
Global companies are expending significant resources on their shared services departments as they realize the benefits of standardized operations. In fact, a recent Deloitte study found that more than...
View Article10 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...
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