More Than 11,000 Companies Must Adapt to the Electronic Invoice in Peru
December 1st marks a new deadline for businesses in Peru to adjust to the schema of the electronic invoice. Resolution 203-2015 established that on this date more than 11,000 businesses will be part of this transition. The tax administration has listed them on its website. The taxpayers who are obligated to incorporate this system of electronic emissions are those who have met one of two requirements since July 31, 2015. They are as follows:
They were major taxpayers in Lima’s central government.
They were major taxpayers in regional government offices or area offices.
Those businesses affected by the regulation must issue electronic invoices only. They must also issue ballots of sale as well as credit and debit notes in accordance with the system of electronic emissions.
This will be the second group of taxpayers to join the system of electronic emissions in 2016. Since this past July, those businesses that were major taxpayers in 2015 have already completed the transition to e-invoicing.
Peru’s tax administration aims to expand the system of electronic emissions in a progressive way and facilitate migration to the new schema until it reaches the mandatory number of businesses that need to transition to e-invoicing by 2017. It’s a strategy that follows the model of many other Latin American companies such as Argentina and Chile. With the mass use of this technology, the tax administration plans to reduce costs for taxpayers, simplify tax compliance and improve control of tax evasion.
Preparing to Issue Electronic Invoices in Peru?
In addition to those businesses required to transition to e-invoicing by the regulation, other companies who wish to issue electronic payment invoices from 2010 onward can do so. To adapt to this technology and take advantage of the benefits it guarantees, EDICOM has designed a solution that automates processes and is adapted to the requirements established by SUNAT, Peru’s tax administration.
Whether the software is used online or integrated into a business’ management system, it transforms the data to the required XML schema, guaranteeing the integrity of the documents by electronic signatures and declares documents to SUNAT online. Furthermore, the global e-invoicing system is ready to issue electronic invoices that not only conform to the requirements of Peru but to more than 60 other countries in the world. It’s a complete and scalable solution for any multinational company.