On March 19, the new PVA version 2.6.7 for EFD ICMS IPI was released, which corrected the problem of validation of field 10-G3-T of the 1970 record. To download the version, access this link.   These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us…

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On March 19, the newest version 7.0.1 of the Digital Accounting Bookkeeping (ECD) program was published.   What has changed with the new Version? Correction of ECD recovery problem with corrupted signature (correct error information). Placing the ECD in editing, by the program, after the import and validation without errors. The program is available here,…

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In Panama, the new e-Invoicing Decree 115 has been signed on January 30, becoming effective as of July 30, 2020. Thus, Panama is following the lead of its Latin American counterparts such as Brazil, Argentina and Mexico where e-Invoicing is already mandatory.   What is the electronic invoice and who is obliged to use it?…

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Mexico has introduced a new tax reporting format for legal entities. What are the characteristics of the new SAT format? In recent weeks, the Mexican Tax Administration Service (SAT) announced the new format of the annual declaration for legal entities of fiscal year 2019. Among the main changes, the following are: When entering the application,…

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Argentina has prolonged its implementation deadlines for for the Digital VAT Book (Libro de IVA Digital).   What is the Digital VAT Book? Argentina implemented a new system to electronically register sales, purchase, assignments, exports and imports of goods and services, locations and benefits, called the “Digital VAT Book”. The system was established by Argentina`s…

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Although eSocial and DCTFWeb will gradually replace GFIP, GRF and FGTS, a new norm has been published for GFIP and FGTS. The Normative Instruction No. 1.922 was published by Brazil`s RFB which approves the Manual for the Collection Guide for the Guarantee Fund for Length of Service and Social Security Information (GFIP) and version 8.4…

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The National Council of Economic Policies (Confaz), published 9 new ICMS agreements on February 6, 2020:   ICMS AGREEMENT No. 1 Amends ICMS Agreement 190/17, which concerns tax credits arising from tax or financial-tax exemptions, incentives and benefits.   ICMS AGREEMENT No. 2 Authorizes the federated units that it mentions to grant tax benefits to…

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Zonas francas are free zones that profit from special tax treatments. Through Resolution 000007 of January 28, 2020, the Colombian tax authority DIAN created the Special Import Declaration requirement and repealed Resolution 059 of 2019 and its corresponding modifications.     What is the Special Import Declaration? The Special Import Declaration is the customs document…

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A recently published joint report by the OECD and the Brazilian tax authority Receita Federal do Brasil (RFB) provides that the OECD expects Brazil to fully align with the OECD transfer pricing standards. This is surprising in that so far there has been only talk of scenarios that provide for selective, partial or parallel alignment…

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