Argentina Starts Mandatory Implementation of Electronic Credit Invoice (FCE)
Starting in June 2019, Argentina has made it mandatory for SMEs with invoices of more than AR $6 million to issue electronic credit invoices when they operate with businesses that are considered to be "large companies" according to the Federal Administration of Public Revenues (AFIP).
This obligation has the objective of promoting the growth of micro, small and medium enterprises. So, beginning now, the use of deferred checks will be replaced by the new FCE.
The use of the electronic credit invoice in Argentina is regulated by RG 4367 within the framework of Law 27.440, through the resolution of the Ministry of Production and Labor (MPYT) No. 209/2018 and the RG 4366, AFIP and MPYT. The use of the FCE is for invoices (type A, B and C) with their respective credit and debit notes.
In addition, the AFIP has launched a new timetable that replaces the one established in Resolution Nº2 / 2019. Therefore, the mass calendar for the FCE is now regulated by Resolution 17/2019 published on May 31st.
Electronic Credit Invoice Implementation Schedule
The new Resolution 17/2019, issued by the Secretariat of Productive Simplification of the Ministry of Production and Labor, has a new schedule based on specific characteristics of each of the sectors of the economy.
According to the new resolution, "it will be applicable with respect to each of the vouchers issued for a total amount equal to or greater than the sum of pesos indicated in the annex for each date of each sector".
The resolution also specifies that "the amounts established in the schedule are considered in relation to each of the vouchers that are issued, for an amount equal to or greater than those indicated therein without considering the subsequent adjustments by debit and credit note".
This new plan establishes a progressive calendar in which, for the next six months, companies in each sector will be affected according to the amount of pesos they manage, starting with the medium-sized companies and ending with the SMEs.
EDICOM, as a provider of electronic data exchange solutions, provides you with the tools to integrate your internal management systems with the AFIP, in order to request, confirm or reject electronic credit invoices.