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Argentina: Implementation of the ‘Multinota Digital’

The Multinota Digital is an instrument for the electronic presentation of legal statements in the area of ​​the Argentine tax authority AFIP-DGI. The instrument is based on General Resolution (AFIP) no. 4503/2019 (BO 06/12/2019), which contains a list of application fields and corresponding authorization data for the new instrument.   What can the digital presentation…

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Peru: Local Report for Transfer Prices

The Local Report is an affidavit that must be presented to the Peruvian tax authority SUNAT for transfer pricing. But what exactly are the requirements of the local report, who needs to submit it and what penalties are likely to be imposed in case of non-compliance?   What is the Local Report? The annual Local…

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Colombia: Apply online for Electronic Signature Instrument

With Resolution 000022 of 2019, the Colombian tax authority DIAN states that users can now apply for electronic signature instruments online. A requirement for the application is that the user must electronically accept the FE agreement, which sets out the legal and technical conditions, safety measures and terms of use. This had to be done…

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Colombia: Sanctions for failed Submission of the Exógena Report

The Exógena Report (exogenous information) is a set of data on the operations carried out with customers or users. The report has to be submitted monthly or annually by natural persons or legal entities to the Colombian tax authority DIAN using a XML format. With Resolution 000068 of 2016, DIAN has provided rugelations on the…

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Colombia: New e-Invoicing Rules

On April 29th, 2019, the Colombian tax authority DIAN published its Resolution 000030 which lays out the requirements and technological mechanisms needed for issuing an e-invoice. These are the regulatory requirments:   Means of Identification Explicit naming of the invoice as an “electronic invoice” Full name of the seller or company selling the product or…

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Brazil: Will SAP ACR be TDF`s demise?

In the ERP rumor mill, SAP TDF will be replaced by ACR. What exactly the difference is between the two SAP products, whether one is really replaced by the other, and what impact the development of ACR has on companies will be discussed in detail.   What is TDF? In order to manage the complex…

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Colombia changes to the billing model for e-invoicing

With the UBL 2.1 e-invoicing mandate of the Colombian tax authority DIAN, the country switches from the reporting model to the billing model for the electronic invoicing on August 01, 2019. The transition period is set for one year. Thus, Colombia follows the example of its neighbors Brazil and Mexico.   What is the difference…

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Argentina: Transfer Pricing News

Resolución General 4496/2019, published in the Official Journal on 27 May 2019, has been amended by the Argentine Tax Administration AFIP in respect of the following Transfer Pricing topics: Uniform requirements Deadline for transfer pricing reports Returns   Deadlines For tax years beginning on or after January 1, 2018, the due date for the submission…

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Exclusion of the ICMS Tax from the CPRB Calculation Basis

The First Chamber of the Supreme Court (STJ) has ruled that the ICMS tax is excluded from the basis of calculation of social security contributions on gross receipts (CPRB). This business-friendly decision is groundbreaking for other legal entities. The inclusion of the tax would de facto lead to double taxation, which is unconstitutional. This dispute…

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Brazil: New Rules for NF-e and NFC-e Version 4.0

The Brazilian tax authorities have released new rules for the e-invoicing process concerning NF-e and NFC-e version 4.0. Apart from the creation of new validation rules, the Technical Note 2019.001 also modifies existing rules. While no changes in the layout are required, the content of some of the fields has been adjusted. Furthermore, some very…

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