The Chilean government has made it mandatory for all businesses to follow the e-invoicing system effective 31 January 2014. The new measure’s aim is to reduce manual paperwork, physical stamping of documents and save costs, time and storage, updates Nair & Co. which provides international tax consulting services for companies expanding overseas

1. Chile Mandates E-invoicing System
(Bristol, UK) - The Chilean government has made it mandatory for all businesses to follow the einvoicing system effective 31 January 2014. The new measure’s aim is to reduce manual paperwork,
physical stamping of documents and save costs, time and storage, updates Nair & Co. which
provides international tax consulting services for companies expanding overseas.
Significant aspects of the mandatory e-invoicing system are as follows:

It is mandatory for companies to issue all invoices (sales and purchases), statements of
settlement, debit and credit notes in electronic format. However, companies that
demonstrate no or meager internet/electricity access are exempt.

Companies may also opt to use electronic formatsfor issuing other related documents such
as delivery receipts, sale tickets,etc.

Generally speaking, companies have approximately 18, 24 or 36 months to adopt the einvoicing process.

In certain limited situations, companies can use physical paper invoices (e.g. during natural
disasters), subject to certain requirements.

Electronic bank payment systems (debit or credit cards) would no longer be supported by a
separate sales invoice. However, this provision will not come into force during 2014.
Companies might consider analysing the new requirements in depth to be able to devise suitable
updates to internal systems and processes forensuring compliance and avoiding penal
consequences.
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regulatory compliance team please contact us.
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2. model of a single-point-of-contact, supported by internal teams of experienced advisors, helps
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