Recently, a silent change has transformed tax administration in Latin America. Electronic invoicing or as you may know it as ‘E-invoicing’ is the solution against the fight to evasion and the support for tax transparency. It emerged from the innovative efforts of big companies that attempt to implement modern technology for difficult tax requirements, especially those that embarked on their modernization process in the past when no one believed in E-invoicing for tax compliance as something of importance.
How to deal with multi invoices?
The constant changes that the government has in its legal requirements also influenced the birth of the idea of E-invoicing. But the determining factor was the outbreak of financial-fiscal crisis that forced governments in Latin America to increase and improve fiscal solutions to survive.
From this point, LatamReady stepped up to simplify tax requirements within a company’s system companies ranging from small, medium or huge businesses, to foreign companies with subsidiaries in the Latin American region, who needs to improve their tax compliance within their ERP, Oracle NetSuite. Coming up next, LatamReady will explain everything about E-invoicing and how we, with our ULTIMATE native tool within NetSuite, can deal with those difficulties and how everyone can easily solve their problems with the tax requirement. can deal easily with the local tax authorities.
“Electronic system”… What is this?
What exactly is this ‘electronic system’ that underpins tax transparency and improves procedures? The simplest description of what E-invoicing means is in the name itself. It is a digital invoice that, in all situations and for all factors, has the same purposes as a paper invoice for its issuers and recipients, as well as for interested third parties. Initially, electronic invoicing was introduced as a means of documentary control over the invoicing process, with a view to averting omissions on sales statements and deterring companies from claiming false purchases.
LatamReady realizes that when companies start issuing more than 50 invoices per month, they struggle with how to process them and get lost on the way.
LatamReady SuiteApp, is our ultimate weapon for any international company that wants to overcome any tax difficulty inside the Latin America region The solution processes more than 20,000 invoices per month easily, efficiently and without extra workload.
Don’t hesitate, all the solutions are here for you now!
As you may know, the LatamReady SuiteApp is the BEST Tax Compliance solution inside the LatAm region within Oracle NetSuite. LatamReady works tirelessly every day to provide the best experience with the ultimate solution to all international corporations’ tax compliance problems. E-invoicing, E-payments, Legal Ledgers, and many other issues can be dealt with via LatamReady.
Be aware of the changes that are happening regarding tax compliance not only in Brazil but also Argentina, Mexico, Colombia, and 18+ other countries in the Latin American space please check www.latamready.com or feel free to call us +1-786-600-2641.
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