Brazil Eliminating Access to Free E-Invoicing Software

Gustavo Jimenez

These states are making the move away from free e-invoicing software for several reasons, including the sheer difficulty involved in managing technology capable of meeting Brazil’s compliance requirements. As they do for companies, compliance measures have been forcing these governments into the business of change management, constantly updating and maintaining software, but now they are extricating themselves from the technological components of compliance. For example, states in Brazil would need to invest heavily to be able to handle the TSL protocol required under Nota Fiscal 4.0, and at least one so far (Sao Paulo) has decided not to make that investment. 

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Topics: Brazil, e-invoicing, NFe

Brazil Announces Official Launch of NFSe Pilot Program

Gustavo Jimenez

Currently, companies in Brazil must submit two separate types of invoices to the tax authority – product invoices (NFe) and service invoices (NFSe). Product invoices for goods and raw materials are standardized throughout the country, allowing companies to centralize their compliance processes; however, service invoices vary heavily depending on the city.

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Topics: Brazil, Brazil Nota Fiscal, Brazil NFse

Brazil’s IoT Advancements Lead to “Google of Fiscal Goods”

Gustavo Jimenez

NFe 4.0 Introduces Unprecedented Product Traceability

NFe 4.0 ushers forth new requirements that make a new level of product tracking possible. Specifically, the SEFAZ, Brazil’s tax authority, requires companies subject to sanitary regulations or recall cases, as well as those that produce agricultural pesticides, veterinary products, dental products, medicines, beverages, bottled waters, food packaging, etc., to report:

  • Date of Manufacture
  • Expiration date
  • Batch number
  • Quantity

Brazil is integrating fiscal electronic documents conveying these details with its Brazil-ID tracking initiative, allowing the government to track the movement of goods all the way to the consumer (via NFCe, or final consumer invoices). In pursuit of Brazil-ID, the country has installed almost 100 license plate readers using OCR technology (Optical Character Recognition), and Brazil’s main highways include radio frequency (RFID) tracking. With these technologies, the country can conduct cargo inspections in motion – starting as soon as a shipment leaves – and has already registered more than 6.2 million transit events.

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Topics: Brazil, Brazil NFe, Brazil-ID

A Year of Changes in Brazil (Part 3): Bloco K Presents Inventory Management Challenges

Gustavo Jimenez

What Is Bloco K?

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Topics: Brazil, Bloco K

Updated: The Definitive Guide to Latin American Compliance

Steve Sprague

What began as an e-invoicing mandate in Brazil just over 10 years ago has significantly transformed the way businesses operate – not just in Latin America, but across the globe. Governments are progressively turning to technology to close tax gaps, crack down on tax evasion and gain visibility into transactions that happen within – and across – their borders.

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Topics: Latin America

A Year of Changes in Brazil (Part 2): New Digital Bookkeeping Mandate - REINF

Gustavo Jimenez

REINF Defined

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Topics: Brazil, REINF

Costa Rica E-Invoicing: Top 8 Requirements to Know

Gustavo Jimenez

After 8 years of voluntary e-invoicing, Costa Rica has begun its transition to mandatory e-invoice submissions. The first 10 companies began compliance in March 2017 as a pilot, and the DGT, Costa Rica’s tax authority, will continue to roll the program out to additional enterprises over the next two years via email notifications. Like other Latin American e-invoicing roll outs, Costa Rica will start with the largest taxpayers, and they will have six months to implement the processes and systems needed to maintain compliance. Multinational companies need to be proactive and start looking for a solution now to avoid any surprises when they are mandated.

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Topics: e-invoicing, costa rica

2017 Marks Year of Changes in Brazil (Part 1): Brazil Overhauls NFe and CTe

Gustavo Jimenez

A Closer Look at NFe 4.0

Nota Fiscal (NFe) version 4.0 marks the first new release of Brazil’s e-invoicing schema in two years, and companies can expect a major change from their previous compliance processes. NFe 4.0 requires a new XML structure, new fields, new data, new communication protocols and new web services, impacting both IT and business users.

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Topics: e-invoicing, Brazil CTe, Brazil NFe

NAFTA Discussions Leave Multinationals in Mexico Uncertain

Oscar Caicedo

The first talks on renegotiating NAFTA begin this month, and with continual discussions of a U.S.-first trade agenda, multinational companies with operations in Mexico are left uncertain on what these talks might entail. While no one knows exactly where these negotiations may land, multinationals should have some answers by the end of 2017, as all parties involved have agreed to an aggressive discussion schedule.

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Topics: Mexico, united states, North America, NAFTA, Canada

Spain SII Requirements Expanded; New Mandates Begin January 1

Ramon Frias

Businesses in two of Spain's autonomous communities - Basque Country and Navarra - will soon be subject to Spain’s Immediate Supply of Information on VAT (SII) mandate. On July 1, 2017, Spain launched SII, requiring companies operating in the country to electronically submit ledger and invoice details. With the extension into two of Spain’s autonomous communities, more business transactions will now be subject to SII compliance.

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Topics: e-invoicing, VAT, Spain, SII, Spain SII
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