New Conditions for Issuing Credit Notes in Argentina
UPDATE 27/12/2019: The AFIP (Argentinian Tax Administration) has delayed Resolution 4540/2019’s entry into force, which dictates new conditions for issuing credit and debit notes. The new deadline is February 1st, 2020. The decision regarding the delay was published in Resolution 2589/2019 on the AFIP’s website.
Credit and/or debit notes are tax receipts used to rectify invoices sent, for example, due to a mistake in the value or amount of invoiced goods and services, the return of delivered merchandise, etc.
The main changes in credit and/or debit note issuance to take effect as of 11stFebruary are:
Credit and/or debit notes may only be issued by the parties that generated the source receipts for the transaction.
They must be issued within 15 days from the event or situation requiring documentation taking place, via the abovementioned receipts.
They must indicate at the top the number of the associated invoices or equivalent documents or the period they are adjusted to, referencing the trade data consigned or linked to the source receipts where applicable (e.g., items placed on the market, order forms, purchase orders or other non-fiscal adjustment documents issued between parties, etc.).
This means that purchasers will no longer be authorized to issue credit notes as they have done until now but rather their suppliers must issue the credit or debit note.
This update in credit note issuance is designed to streamline the implementation of the Digital VAT Book the AFIP has planned for the near future.
EDICOM has already updated its e-invoicing solution to be able to issue credit and debit notes electronically with the new requirements sought by the AFIP.
Taxpayers can leverage the EDICOM platform to enable a new option by which new credit-note issuers can issue these electronic receipts in a fully automated and integrated fashion for customers with an accounting or logistics management system.