New obligations in Ecuador for e-Invoicing implementation
Ecuador’s Internal Revenue Service has published a resolution requiring new taxpayers to issue electronic invoices starting on January 1, 2018. In 2014, the Internal Revenue Service launched a progressive schedule for adopting the electronic invoice, which required certain companies and entities to join this system.
Now with Resolution NAC-DGERCGC17-00000430, new taxpayers are required to issue sales vouchers, proofs of retention, and complementary documents electronically according to the following characteristics:
Suppliers of the state whose invoicing in the previous fiscal year is equal to or greater than double the value of established income required to keep accounting records;
Taxpayers whose invoicing in the previous fiscal year is equal to or greater than double the value of established income required to keep accounting records;
Natural people or companies whose annual income from the previous fiscal year is equal to or greater than the amount contemplated for small and medium-sized enterprises;
Taxpayers subject to Special Consumption tax;
Taxpayers subject to Redeemable tax on non-returnable plastic bottles;
Taxpayers who asked the Internal Revenue Service to return the redeemable tax on non-returnable plastic bottles;
Producers and marketers of alcohol;
Holders of mining rights, excluding those under the artisanal mining regime;
Taxpayers who develop the economic activity of processing and refining cane sugar.
These new electronic invoice issuers must obtain an electronic certificate and request membership to the issuer’s system in order to register with the Internal Revenue Service’s test and production environments.
An automatic solution for issuing electronic vouchers
EDICOM has developed an international platform for electronic invoicing that makes it possible to generate, send and store electronic vouchers in accordance with the requirements established in Ecuador. The process is automatic, so companies reduce the amount of time spent on these administrative tasks.
Implementing the electronic invoice is quick and easy. All Ecuadorian taxpayers who wish to adopt this new electronic system can do so using EDICOM’s services.