Technology Update
Our present is the best guarantee for the future

Large firms in Chile must issue electronic invoices by November

24/09/2014

factura electrónica Chile

Within two months, large companies in Chile must start issuing their invoicing electronically. This ruling is compulsory, as set forth in Law 20.727, which sets November 1 as the deadline date for implementation of the Electronic Tax Document (DTE) in those companies with annual revenue of over 100,000 UF. According to calculations by the Internal Revenue Service (IRS), approximately 7500 taxpayers will soon be taking this step towards technological modernization.

However, the big hitters will not be the only companies signing up to the new electronic system. The law passed by the Chilean government last January determines a schedule of deadlines, due to finalize in February 2017 and which includes both SMEs and micro businesses. So, within 3 years some 500,000 taxpayers will have joined the DTE regime.

The periods allowed for incorporation to the electronic billing system vary depending on the income obtained by the companies and their location. The next group to sign up to the DTE will consist of SMEs with a turnover of more than de 2400 UF and located in urban areas. For these businesses, the deadline date is 1 August 2015. Companies with the same level of income, but located in rural areas, will be allowed another 6 month period, until 1 February 2016. By this same date, urban businesses with a turnover of less than 2400 UF will also be obliged to join the electronic billing system. Finally, on 1 February 2017 it will be the turn of micro-businesses located in rural areas.

With this forecast, Chile will have completed the rollout of mandatory electronic invoicing in scarcely 3 years. This measure, now increasingly widespread in countries around the world, will improve procedures, cut down on errors, reduced tax fraud and, most of all, boost savings.

 

How to issue DTE?

To issue DTE it is advisable to have an e-billing platform like EDICOM’s, which is responsible for generating, sending, receiving and storing the documents practically automatically. This solution is adapted to the requirements laid down in Chilean legislation and has an electronic communications service with the IRS for online declaration of invoices for tax purposes.

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information GS1 CFDI PAC APP Associated Facturae Data Sync NOM151 partners EDICOM Retail public administrations Acreditations Web Portal EDI NF-e einvoicing Partner Web Portal SAP EDI Health Edicomdata CRP EBI ei Payroll Portal B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD epayrolls factura electronica edi automotive customer support center comprobante de pago CAE e-billing DTE e-awb comprobantes fiscales electrónicos nfc-e eaccounting contabilidad electronica CFE comprobante fiscal electronico compliance eAWB retenciones electronicas xml-cargo peppol edicom air iata e-cargo IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement datapool panama sii PCRDD SII AEAT NHS edi academy comercio exterior EDICOM LTA sat paperless mmog OFTP EDI Web colombia CFDI Nóminas DIAN México SAF-T VAT DESADV ASN Fatture B2B Costa Rica Complemento pagos Chorus Pro moda interoperabilidad Cancelación suministro inmediato de información european union digitalización emisión electrónica openpeppol global einvoicing factura electrónica ecuador automotive industry United States and Mexico edicom sii norway VAT compliance tax administration air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice data synchronization peppol network peppol standards peppol european union chile tendencias interoperability interconexión SINTEL Brasil interoperabilidade foreign trade e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain

Follow us on

  • linkedin
  • rss