This post is designed to provide a quick background on Invoiceware, including a product overview and country-specific focus and capabilities (for the latest on Invoiceware’s approach to Mexican compliance, read the interview series above). We’ll begin with a quick backdrop on Latin American invoice compliance nuances. Those with any experience in intra-country Latin American manufacturing or retailing are likely aware of the compulsory nature of the move to digital invoicing and tax/government communication and signing. The penalties for non-compliance are stiff, ranging from fines to criminal charges with the prospect of jail time. The reason for these tough requirements is due to specific aims of the country-specific legislation (i.e., to reduce tax evasion, underpayment, and fraud).
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