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More than 200,000 Chilean companies are billing electronically

25/02/2016

e-Invoicing has a firm foothold in Chilean society. A year-and-a-half after rollout of this mandatory system for large corporations, last January’s figures showed 210,467 companies registered in the digital regime. This news comes from the Internal Revenue Service (SII), which foresees more than 360,000 electronic taxpayers as of 2017.

In Chile, e-invoicing has been possible since 2003. In fact, it was the first country in Latin America to introduce this technology.

However, the so-called Electronic Tax Document (DTE) was used by companies on a voluntary basis until 2014, when the SII set out a progressive schedule for adoption.  

 Currently, all large corporations in Chile issued the DTE on a mandatory basis. Additionally, small and medium-sized enterprises will start to join as of 1 August. The aim is to have e-invoicing fully implemented throughout Chilean society by February 2018. The challenge seems simple, taking into account the figures provided by the SII.

Today, of the more than 200,000 companies billing electronically, only 11,709 are required to do so. The others signed up to this technology voluntarily. In 2014 and 2015, the DTE registered a growth rate of 66%. This increase is mainly due to the benefits this system entails for businesses: from saving on economic costs to greater optimization of transactions.

But the advantages of e-invoicing go even further than the business world. The public sector is also benefiting from this technology, as it enhances fiscal control and cuts down tax evasion. This is why the Chilean model has become a benchmark for other countries worldwide.

How to issue e- invoicing in Chile?

Issuing the DTE e-invoice in Chile is a very simple process that can be totally automated. EDICOM’s International e-Invoicing Platform is integrated into the company ERP and submits the document in accordance with legal requirements and little human intervention. It is also adapted to the requirements of more than 60 countries worldwide, so multinationals only need to have one solution for e-invoicing.

 

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