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The goals of eliminating tax evasion and black market goods has definitely been achieved through the mandatory enforcement of electronic invoicing by Latin American governments. For example, Brazil has processed more than 4.5 Billion electronic invoices from more than 800,000 plus registered tax payers. The general benefits include:
Based on the data, we can even go beyond the general benefits as we see specific advances in the following business processes:
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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Carlo R.W. De Meijer Owner and Economist at MIFSA
Steve Morgan Banking Industry Market Lead at Pegasystems
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