Electronic invoicing may be mandatory in Peru from 2017
Taxpayers in Peru have been able to issue their bills electronically on a voluntary basis since 2010. However, the Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT)is moving towards making it compulsory. Back in December 2013, Resolution 374-2013 was approved, urging 239 of the company's largest companies to implement this new system as of 1 October this year. Moreover, as recently published in the La República daily, SUNAT’s aim is that 100% of its taxpayers should be using e-billing by 2017. However, so far no legislative measures have been taken on the issue.
It is estimated that there are currently more than 7400 businesses using electronic invoicing. This figure is growing year after year, thanks to the optimization of tasks and cost-cutting associated with the higher productivity and lower costs in terms of paper, printing or postage involved when using this system. This month, they will be joined by another 239 companies with business premises located in Peru, as listed in the regulations. Among them, Bayer, BBVA, Nestlé, Panasonic or Goodyear.
In recent months, countries around the world have taken up similar initiatives to encourage the rollout of electronic invoicing. In addition to the economic and technological breakthroughs involved, it is also a highly effective method to improve fiscal control.
How to implement e-Invoicing?
Peruvian taxpayers who wish to do so may issue electronic invoices voluntarily. To this end, they must first apply to the SUNAT for authorization. Once the approval process is complete, the organization will acknowledge them as electronic issuers and they may use this system.
Currently , there are two mechanisms for issuing electronic invoices. On one hand, MYPE electronic billing, carried out using an application from the SUNAT designed for micro-businesses. And on the other, e-billing integrated with the taxpayer's system. This is the most efficient model for companies with average to high billing volumes.