Top Questions to Ask as Uruguay Expands E-Invoicing Requirements
E-invoicing has become a requirement for companies operating in Latin America. What started in Brazil in 2007 has quickly expanded across the region, with Peru, Uruguay and Ecuador beginning to enforce...
View ArticleE-Invoicing Implications Beyond Transactions: Tax Reporting
Latin American governments aren’t introducing and expanding e-invoicing mandates at a rapid rate simply to create more data. These invoices are used to support and verify tax deductions, ensuring that...
View ArticleColombia on the Brink of Enacting E-Invoicing Mandates
In the latest iteration of Latin American countries following the example set by Brazil’s e-invoicing regulations, Colombia is expected to introduce its own version of the legislation this year.The...
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Pacific Alliance Becoming the Power Player in Latin American Economic Growth
Brazil may have set the stage for economic growth (and e-invoicing mandates) in Latin America, but its current prospects are quickly being overshadowed by some of its overlooked counterparts. In 2012,...
View ArticleImplementing SAP in Brazil: Step 1 – Preparation
While Brazil is the most complex corporate regulatory environment in the world, it’s also a very attractive country in which to do business. The emerging market’s GDP is expected to grow 22.3% between...
View ArticleImplementing SAP in Brazil: Step 2 – Implementation
Last week, we examined how to prepare for rolling out SAP in Brazil. In this complex regulatory environment, a SAP implementation is much more detailed and distinctive than in other countries. Special...
View ArticleHow 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 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 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 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...
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...
View ArticleCommon 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...
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