Globalization and technological development over the past last decade, including the need for tax compliance has made foreign companies with subsidiaries in Latin America unable to deal with all the requirements and only focus on their core businesses, transferring their resources to expert assessors in those activities, basically outsourcing certain functions including finance & accounting,… Continue Reading
The Solution for Tax Reporting multi-Latin corporations need
The countries of Latin America have introduced a series of reforms aimed at intensifying and modernizing their tax systems. While the reforms are part of an ongoing process carried over from earlier periods, the objectives pursued placed a renewed emphasis on the regulatory tax changes implemented in the region. The tax report identifies the standard… Continue Reading
An Overview into Chart of Accounts!
Chart of accounts is something we hear a lot about, and it usually depends on different opinions from different clients depending on their size, and where they come from. But, what is charts of accounts? It’s an accounting concept. If you have an accounting ERP, you need to use accounts , these are codes and… Continue Reading
E-Invoicing – The considerations you need
E-invoicing is not just invoicing, we are talking about electronic documents, very similar to the concept before about tax reporting. All of the information electronically received by the tax authority in a specific format. Every single invoice, credit memo, debit memo, waybills, withholding taxes certificates, any kind of documents that needs to be submitted to… Continue Reading
Taxes/Withholding Taxes – Are they the same in US and Latin America?
The first idea is that taxes are very similar in the US and in Latin America. In the States, you will find VAT taxes that are common here in Latin America as well. The truth is, they’re completely different things, it’s the same concept but it’s not the same way of working. We need to… Continue Reading
5 Compliance Challenges in Latin America
As your company expands to Latin America, you will definitely run into a few challenges, whether it is language or different accounting principles, Latin America is sure a field where you will need to consider new concepts and structures. Translation becomes important as names during procedures might change. Tax ID concept is known as RUC… Continue Reading
NetSuite Tax Compliance in Mexico: What you didn’t know
Baz: Hi everybody! Welcome and thank you for registering to today’s webinar. This is LatamZone where you can get our monthly webinars on NetSuite about LatamReady and our localization solution. Today’s webinar is called NetSuite and Mexico: what to expect. Everything you need to know about NetSuite and Mexico is found here in today’s webinar.… Continue Reading
NetSuite & Brazil What to Expect
Baz: Hey guys thanks for coming in today! It’s one of those monthly webinars we have. It’s September. It’s that 2pm standard time webinar that we’ve been posting about all over our social media. I’m Baz, I’m here with Carlos, Edgard and Glenn. How are you feeling today gentlemen? Carlos: Great! Energized! How are you… Continue Reading
Scale Your Multi-Latin Revenue – NetSuite Implementation
Watch the full webinar HERE! Baz: Hello and welcome! Good afternoon to you all! This is the LatamReady webinar. We have Glenn and Carlos, our usual suspects, thanks for being here in our secret new location. We are doing something different, we want to have a little more entertainment just by changing up the… Continue Reading
NetSuite Financials – What You HAVE to know.
We decided to put our webinar in text form because we don’t want you to miss a thing! Here is the full transcription of our LatamReady Webinar. ‘NetSuite FInancials – Everything You Need To Know’ (12.21.18) Watch the full webinar at http://www.latamzone.info ————————— Hello everybody good afternoon. Welcome again to your monthly webinar. This is LatamReady… Continue Reading