![]() ![]() ![]() Currently, export CFDs are compulsory and we can expect other CFD to be mandated in the future. Trucks are not released to ship export goods with an electronic authorization (CAE code). The use of CFD allows much tighter control of the movement of goods particularly for exports. ![]() They have multiple types of electronic invoices or CFDs (Comprobante Fiscal Digital) covering export invoices, credit and debit memos etc. The Argentina model is amongst the most interesting. Para saber mais sobre como emitir nota fiscal eletrônica no Bling, acesse o manual ou o vídeo específico sobre o assunto. There are also regional variations within Brazil which makes the landscape even more complex. The mandate applies to some companies and not others depending on their industry and their size. Companies must use pre-specified XML format and digital certificates. Brazilīrazil also mandates the use of electronic invoices known locally as “Nota Fiscal Eletronica” or “NF-e”. In Mexico, it’s not only the format of the electronic file that is dictated by the tax authorities, companies are required to use predefined invoice serial numbers and finance systems need to be compatible with their use. From 2011 companies in Mexico that issue invoices in excess of $4 million pesos or who issue invoices valued at more than $2,000 pesos are required to issue an electronic invoice known as a “comprobante fiscal digital”, “CFDi” or in English, “digital tax receipt”. The Mexicans don’t mess around when it comes to e-invoicing and failure to comply with the regulations could mean up to 9 years behind bars. Governments are supporting the growth of electronic invoicing by mandating its use and removing the standards discussion by dictating the form of invoice and the associated digital signatures. Although the level of adoption is behind many other countries, the rate of increase in adoption is extremely rapid and mainly as a result of government sponsorship. Latin America is rapidly setting the pace for e-invoicing. This is the third in the series The World Map of e-invoicing focusing on Latin America. e-invoicing business case – the icing on the cake.Developing a business case for e-invoicing – show me the money.Developing a business case for e-invoicing – the numbers.Developing a business case for e-invoicing – the approach.How to write an RFI for e-invoicing – part 2 – Preparing the RFI.How to write an RFI for e-invoicing – part 1 – Dos and don’ts.How to build a business case part 4 – presenting the business case.How to build a business case part 3 – interpreting the business case.How to build a business case part 2 – compiling the business case.How to build a business case part 1 – benefits, costs and timescales.Definition of Procurement – Procurement vs Purchasing.What is Financial Supply Chain Management?. ![]()
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