Community
Important note: Up until 2014, the requirement to utilize electronic invoicing for domestic invoices in Chile was voluntary. This meant that you could transition to electronic invoicing, but if you did, you had to do it in a certain way that was managed by the government. However, you were not forced to do e-invoicing by the government.
In 2014, this is changing for many companies. In September of 2013, the Chile SII (tax authority) announced that they will be rolling out mandatory electronic invoicing for large enterprises with an expectation of having all companies transitioned by the end of 2017. Current expectation is that large enterprises, those over 2.4 Billion CLP will have to be live around October 2014 – the laws will be refined over the next few weeks.
Key features of the Chilean e-invoicing model include:
Document Types
There are 10 document types (plus 3 monthly reporting extracts) in use in Chile today. Formats include separate XML structures for goods versus services invoices, for export and consignment invoices, and for “purchase invoices” or doumentation made by a buyer on behalf of an individual seller who is not able to provide an invoice either electronically or on paper. Finally, there are also DTE versions for documents “without VAT effect” which model fiscal scenarios that are exempt from VAT (as when selling to the government or universities or with certain types of goods) – these are referred to as “exenta” DTE types.
Libros Reports
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Parminder Saini CEO at Triple Minds
09 July
Galong Yao CGO at Bamboodt
08 July
Alex Kreger Founder and CEO at UXDA Financial UX Design
07 July
Anjna McGettrick Global Head of Strategy Implementations at Onnec
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