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The Chile SII officially published the electronic invoicing mandate in the Official Gazette, mandatory use of the Electronic Tax Document (DTE). The rollout will take place over 3 years and will be based on revenue tiers.
The first deadline is November 1, 2014 for companies billing more than 100,000 UF (approximately 4.2 Million US Dollars).
As you look at solutions, here is a quick check list to ensure your vendor is solving the entire problem and not just pieces. Remember, whatever your vendor doesn’t do you will do. And not just once, but every time the legislation or your SAP ERP system changes.
Key Topics:
You will run into a lot of vendors in Chile, and many will say they can support compliance. So ensure you understand the entire process or you will find yourself with operational issues, IT support issues and at risk for audit penalties. Remember this is as much an ERP issues as it is an integration issue.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Roman Eloshvili Founder and CEO at XData Group
06 December
Robert Kraal Co-founder and CBDO at Silverflow
Nkiru Uwaje Chief Operating Officer at MANSA
05 December
Ruoyu Xie Marketing Manager at Grand Compliance
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