buscar

Technology Update
Our present is the best guarantee for the future

The e-acknowledgment as a tool to access tax credit in Chile

18/02/2015

The application in Chile of Law 20.727, designed to generalize the use of electronic invoicing, will mean the transformation of numerous transactions and administrative procedures currently in common use. The use of tax credits by citizens is one of them.

How will the law affect access to tax credit? The ruling not only simplifies and modernizes citizen relations with the administration, but also incorporates the so-called receipt acknowledgement as an access mechanism to tax credit in Chile. This means that the beneficiary of said credit will have access to it only during the period for which they issue the acknowledgment electronically.

This revolutionizes the way to access this kind of tax credit, and although it is true that the law already included it previously, it did not call for the provision of a receipt acknowledgement as a prerequisite to making use of the tax credits obtained. This way, the beneficiary of a tax credit in Chile will be required to carry out this procedure electronically, also as another means of physical control.

This is one of the great guiding principles of implementation for electronic invoicing in Chile, promoting and facilitating tax compliance by citizens. They, in turn, may make proper use of these tax credits reloaded into electronic documents. Only purchase receipts and waybills may continue to be issued on paper.

There are more exceptions. Law 20.727 on electronic invoicing in Chile exempts from its use those residents living in areas of the country without Internet coverage, with no access to electricity or who are in a place affected by a disaster and declared as such.

But beware. Despite this law, other aspects of the Law on Sales and Service Taxes  are still valid, concerning the use of the tax credit designated for use within the two tax periods following the month the document was issued.

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