Electronic Invoicing in Latin America
The electronic invoicing (EI) of taxes is one of Latin America’s contributions to international taxation in support of the fight against evasion, global efforts towards tax transparency, and the digitization of tax administrations (TAs). Initially, EI was conceived as an instrument of documentary control over the invoicing process, so as to avert both the omission of sales and the inclusion of false purchases. The original idea was extended to other areas of tax control, such as payroll, goods in transit, and new services such as factoring. To some extent, EI can be regarded as the start of the process of digitizing the TAs in the broad sense. This publication addresses the pioneering experience of EI in Latin America, from its implementation to its extensions and impact on tax collection.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Electronic Invoicing, Tax Administration, H83 - Public Administration • Public Sector Accounting and Audits, H30 - Fiscal Policies and Behavior of Economic Agents: General, H23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies, H24 - Personal Income and Other Nonbusiness Taxes and Subsidies, H26 - Tax Evasion and Avoidance, H87 - International Fiscal Issues • International Public Goods, factura electrónica;nómina electrónica;administración tributaria;transparencia;tributación, |
| Online Access: | http://dx.doi.org/10.18235/0001038 https://publications.iadb.org/en/electronic-invoicing-latin-america |
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| Summary: | The electronic invoicing (EI) of taxes is one of Latin America’s contributions to international taxation in support of the fight against evasion, global efforts towards tax transparency, and the digitization of tax administrations (TAs). Initially, EI was conceived as an instrument of documentary control over the invoicing process, so as to avert both the omission of sales and the inclusion of false purchases. The original idea was extended to other areas of tax control, such as payroll, goods in transit, and new services such as factoring. To some extent, EI can be regarded as the start of the process of digitizing the TAs in the broad sense. This publication addresses the pioneering experience of EI in Latin America, from its implementation to its extensions and impact on tax collection. |
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