“I think the way our FE operates is the most successful among all countries sharing the model”
Almost 2 months after mandatory electronic invoicing (FE) came into force in Chile, the Internal Revenue Service (SII), reports a successful sign-up campaign. According to the latest figures provided by the Department, from a potential universe of 9880 large companies, 87% are now operating with the system. This figure represents an increase of 17 percentage points compared to the 70% - some 6911 businesses - signed up at the end of October, before the legal requirement came into force.
We interview Ricardo Pizarro, Head of Taxpayer Support and Assistance and IRS spokesperson on all electronic invoicing-related issues in Chile, to find out his take on the process and what the State's next steps to facilitate transactions among taxpayers in the B2B age will be.