4,000 business join list mandated to use electronic invoices from 1 October 2022
Following the first wave of 171 large (GRACO) and main (PRICO) taxpayers joining the new Sistema De Facturacion Electronica (SFE) regime in December 2021, a third wave of 3,897 is to be added from 1 October 2022. The second wave of 2,491 taxpayers joined in April 2022.
Government pre-clearance electronic invoicing
Bolivia’s National Tax Service’s (SIN) implemented mandatory e-invoicing – Sistema De Facturacion Electronica (SFE) – from 1 December 2021. The SFE e-invoice roll out had been paused in May 2021 due to the COVID-19 crisis.
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SFE Pre-clearance e-invoice and pre-filed returns model
Bolivia’s had intended a one-year introduction period for its new government pre-clearance VAT invoice program, starting June 2020. This required taxpayers to use certified invoice creation process, and have these live transmitted to the SIN’s SFE service. It then issues the invoices as valid tax documents – fiscal notes – with a digital signature. SIN will also then be in a position to produce pre-filed VAT returns for taxpayers. This follows the example of Italy, Spain and Hungary. Check out the countries that have implemented pre-filled VAT / GST returns around the world.
Six types of e-invoices:
The following documents may be processed:
- manual invoicing (facturación manual);
- pre-valued invoicing (facturación prevalorada);
- computerized SFV invoicing (facturación computarizada SFV);
- online electronic invoicing (facturación electrónica en línea);
- online computerized invoicing (facturación computarizada en línea); and
- online web portal invoicing (facturación portal web en línea).
With the exception of online invoicing, invoices issued for amounts above Bs1,000 (approx. USD $145.00) must disclose the buyer’s name.
Uploading invoices to SFE
Taxpayers will have three options to import their data into the SFE system:
- Free online portal to upload invoices
- Adapted accounting and invoicing software connected via the internet
- E-invoicing creation systems, either in-house or via certified third-party outsources
Certification to fiscal invoices
Taxpayers will follow the following process under the SFE process:
- Firstly, taxpayers must obtain an invoice digital signature or certificate to use on their invoices. This is obtained from the Agency for the Development of the Information Society (ADSIB)
- Once draft XML-format fiscal invoices are uploaded to the SIN database, SFE, with a digital signature, it is validated.
- SFE then publishes the approved invoice for the customer through a login to the system.
Users may later validate any invoice via a QR Code provided on purchase invoices.
Central and South America e-invoicing
|Country||Date||Comments (click for details)|
|Argentina||2003||e-Factura Electronic Authorization Code system|
|Bolivia||Dec 2021||SFE Pre-clearance model|
|Brazil||2005||Nota Fiscal Electronic NF-e|
|Chile||2001||DTE tax invoice|
|Colombia||Nov 2020||e-invoice CUFE|
|Dominican Republic||2023||Mandatory e-invoicing phased introduction|
|Ecuador||2014||SFEP VAT e-invoicing|
|El Salvador||2022||Pre-clearance e-invoicing law passed|
|Mexico||2011||Pre-clearance e-invoice CFDI|
|Panama||2021||SFEP VAT e-invoicing with third-party agent required|
|Paraguay||2022||Marangatú, a pre-clearance e-invoice system started 1 Jan 2022|
|Peru||2010||Pre-clearance invoice; requirement for approved e-invoice agent|
|Uruguay||2019||CFE pre-clearnance e-invoicing|