Chile Lifts Obligation to Print Electronic Tax Documents
Chile is making headway in digital transformation for invoicing. The SII Internal Tax Service has approved Exempt Resolution No. 99 introducing changes to encourage the elimination of paper and commit more strongly to taking bureaucratic processes digital.
The main new feature of the revamped regulation is that it removes the requirement to print electronic tax documents (electronic invoice, electronic bill of lading and electronic ticketing) so it is no longer necessary to supply printed document versions.
Exempt Resolution No. 99 states that taxpayers issuing ETDs can send them “using the same means to non-electronic or manual recipients and electronic ones without having to print out the tax document on paper”.
It also specifies that in the event of transferring movable tangible property using electronic tax documents it is no longer compulsory to submit the printed version. Transactions can be supported with their related ETDs in digital format and the graphic representation need only be carried on an electronic device.
Although the regulations still cover the possibility of filing printed documents, the ETD supporting the transfer of merchandise must have been previously generated and sent by the issuer to the SII “and this organization must have accepted and not rejected it”.
What does the process entail? The current tax system in Chile involves a digitization of taxpayer-SII relations. Procedures that entail invoicing in the country are on the way to becoming fully digital, eliminating paper and making digital the only way to comply with tax laws.
Electronic tax compliance makes the tax system more transparent and reduces evasion, the main reason why governments are getting behind digitization in the public arena. But digital transformation also has significant benefits for taxpayers:
Cost reduction. According to the SII, in Chile's case the new measure will benefit around 950,000 taxpayers who will see their costs brought down.
Greater facility for tax compliance.
More security and legal certainty in transactions.
The EDICOM e-invoicing service provider has developed an international Electronic Invoicing platform that facilitates compliance with procedures. For the case of Chile, the system automates the generation, dispatch and acceptance of electronic tax documents, as well as online communications with the SII.
The advantages of working with EDICOM mean you can ensure your customers compliance with the requirements specified in the law and the e-invoicing schema in force. EDICOM offers different solutions adapted to each customer’s real situation, such as non-electronic partner relations via the Business Mail service, and implements the requirements specified by law including the use of document verification and integrity mechanisms like the electronic stamp and electronic signature.