Technology Update
Our present is the best guarantee for the future

Chile’s big hitters sign up to electronic billing

03/11/2014

On November 1, the initial deadline set by the Chilean Internal Revenue Service (SII) for migration to electronic invoicing expired. The first to adopt this system were big businesses with annual turnover of over 100,000 UF, equivalent to roughly 2,427 billion Chilean pesos. In total, it is estimated that this requirement affects around 7500 companies.

Although the Tax Reform announced barely a month ago proposed a new timetable for adoption of the Electronic Tax Document (DTE) the deadline initially set for these large companies was maintained. In the remaining cases, mostly SMEs and micro-businesses located in both rural and urban areas, the deadline dates initially announced by Law Nº 20.727 have been set back by one year.

With these changes, the rollout of electronic invoicing (DTE) as the mandatory billing method will not be completed until 2018. However, the adoption rate of this system is high and continues to grow. In fact, Billentis Consulting highlights Chile as one of the worldwide leaders in e-invoicing, alongside Mexico, Brazil, Portugal and Scandinavia. The IRS figures confirm it: in 2013, some 24,153 companies began using the DTE and 247 million of these electronic documents were processed. This represents more than half of the invoices issued in the country.

We must bear in mind that Chile was one of the first states to roll out e-invoicing. Chilean taxpayers have been able to sign up to the DTE voluntarily for over a decade and migration to the new system has been taking place gradually ever since 2003. Under the new ruling, within just four years 100% of taxpayers will be using this system.

After the migration of large companies, SMEs located in urban areas earning more than 24000 UF per annum now have a period of 1 year and 9 months to switch over to the DTE. In other words, until August 1, 2016.

 

How to issue DTE?

The rollout of DTE creates economic benefits in businesses, due to automation of the procedure and the savings achieved on postage, ink, envelope, stamps, paper and infrastructure, etc. For maximum ease of implementation, EDICOM has developed an electronic billing platform that generates, sends, receives and stores DTE, according to the requirements laid down by Chilean law. In addition, there is also an electronic communication service with the Chilean IRS for tax returns and invoice statements via Internet.

 

 

 

 

 

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