• Tabellae Nyt

Latin America takes the lead in E-invoicing



E-invoicing is growing rapidly in Latin America

E-invoicing is becoming more common across the Latin American continent, which is the case within the B2B, B2G, G2B, and B2C segments. Therefore, Latin America takes the lead in E-invoicing, which is pushed by the public sector.

If you do business in Latin America, you must be aware of the new e-invoice requirements.

This means that corporations operating in Latin America must ensure that electronic documents are correctly handled in the relevant XML format.



E-invoice in Latin America

XML format for e-invoices in Latin America for Consumer and B2G segments

More than 20 billion electronic invoices/bills were sent combined from Latin America in 2020. That puts the continent in the leading position regarding the sum of e-invoices/billings sent from both the Consumer and the Business-to-Government (B2G) segment.

If you do business in Brazil, Chile and/or Mexico, you will need to send your e-invoices in the relevant XML format, because different countries use different formats within the XML structure:

  • Brazil uses the NF-e (Nota Fiscal Eletrônica) format
  • In Chile, they use the DTE (Documentos Tributarìos Electronicos)
  • In Mexico, they use CFDI (Comprobante Fiscal Digital a través de Internet)

Brazilian invoice NF-e format

Example of a Brazilian invoice in the NF-e format, 2021, source.

Electronic tax reporting and e-invoicing in Latin America are pushed by the public sector

Electronic tax reporting and e-invoicing are being pushed by the national public sectors in Latin America. One of the main reasons is that it allows tax authorities real-time audits and the ability to do invoice data mining to combat tax evasion.  

That is creating a group of front runners among Latin American countries regarding e-invoicing. Argentina, Brazil, Chile, Uruguay, and Mexico are already market leaders, and other countries are following. Among those are the Dominican Republic, El Salvador, Honduras, Panama, Paraguay, and Peru.

The exchange of all financial documents in an electronic format is the next step in invoice-related digitalization.  

International e-invoicing market

International E-Invoicing Market 2020, Billentis

Is the PDF format an e-invoice?

Most people would probably say no since a PDF file is not a structured format and cannot be processed automatically. However, with a standard software for Document Management, such as Lasernet, corporations will be able to process a PDF file and convert it into an electronic format.

In Germany, they use the format ZUGFeRD where the XML file is sent as a PDF file. The Lasernet software can take the PDF file and convert it into a standard XML text file for further processing. It can also do this process in reverse, i.e., taking an XML file and converting it into a PDF file.

Due to Lasernet's ability to convert files to and from PDF and XML formats, you can use the PDF format for e-invoicing if you are operating in Latin America. 

With a standard Output Management software like Lasernet provided by Tabellae, e-invoicing can be easy, fast, and cost-efficient while ensuring the correct regional formats are followed.

E-invoice

Want to know more about e-invoicing in Latin America?

If you have questions about e-invoicing in the Latin American countries or how your corporation can benefit from a e-invoicing solution for the Latin America market, please Den här e-postadressen skyddas mot spambots. Du måste tillåta JavaScript för att se den..

Sources:
E-Invoicing / E-Billing Billentis report from 2020
Edicomgroup.com
Tfig.unece.org

Kæmpe besparelse af tid og penge

Med Lasernet sparer du op til 70% i tid og 50% i kroner og ører

Se de nørdede tal og detaljer


Infoga ett fält och få ut det på pappret i rätt design
Infoga företagsinfo
Korrekturgenomgång efter test
Konfigurera automatisk bifogning
Kodning av 1 etikett
Ändra i design på 1 faktura (där förstasidan skiljer sig från de övriga sidorna)

Hör vilka resultat ni kan nå

Få en beräkning av er Return of Investment

Få en beräkning av er
Return of Investment

Ring eller skriv till Niels Pedersen
+46 705 385344
Den här e-postadressen skyddas mot spambots. Du måste tillåta JavaScript för att se den.
Följ oss på linkedin

Följ oss på linkedin

Artiklar, marknadsnyheter och inspiration för att maximera avkastningen på din investering.
Få vårt nyhetsbrev

Få vårt nyhetsbrev

Nya funktioner, produkter och användningsområden 4-6 gånger per år.
Klicka här

Ska vi kontakta dig

Vill du göra ditt nästa ERP-projekt enklare? Lämna sedan ett meddelande till oss så kontaktar vi dig så snart som möjligt.

Tabellae rekommenderas av ledande ERP-firmor

  • Columbus
  • Cgi
  • DXC Technology
  • Canon
  • Implema
  • Innofactor
  • Orango
  • Bredana
  • Datacon
  • Fellowmind
  • Tieto Evry
  • Fujitsu
  • Scales
  • Sigma
  • Essence Solutions
  • Optosweden
  • Axdata
  • Norriq

Om Tabellae

Tabellae är en implementeringsfirma som är specialiserad på fakturor, offerter och annan output från affärssystem. Vi minskar kostnaderna vid utbyte av dokument och minskar antalet okända faktorer i ERP-projektet så att den totala ERP-lösningen blir enklare att underhålla, billigare att uppgradera och kan släppas live i tid och inom budgeten.

Få nyheterna först

Fortsätt vara lite smartare än dina konkurrenter och lär dig mer om Output Management.

  Få artikler och ny kunnskap på LinkedIn
  Få våre nyhetsbrev 
Tabellaes YouTube  Se videor och få ny kunnskap på YouTube