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In previous articles, we discussed the concept of Eventos that the Brazil tax authority was evaluating. And as always, the first wave of inbound receiving mandates are already hitting specific industries. Currently, the concept of Eventos is mandated to be implemented for Oil and Gas companies. The mandates fall into two basic industry categories:
Production Environment must be live:
The reason the government is changing and forcing this new process: The Brazilian SEFAZ wants to create controls preventing transportation fraud as well as NF-e cancellations after the delivery of goods. Unscrupulous suppliers were creating “ghost” transactions at end of month using the tax id of existing customers without their awareness. Transactions were then canceled later without consequence to the sending party. This process was and is being utilized to ship product illegally.
What do Oil & Gas companies have to do:
In short: The receiver of a NF-e or CT-e, a transportation invoice, will send an Acknowledgement to the government for each document received.
Functionality that your solution needs to have in order to comply with the full Eventos process includes:
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Victor Irechukwu Head, Engineering at OnePipe Services Limited
29 November
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Valeriya Kushchuk Digital Marketing Manager at Narvi Payments
28 November
Alex Kreger Founder & CEO at UXDA
27 November
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