Ecuador transitioning to mandatory e-invoicing in 2014 – 2015

scn.sap.com REPORTED…Mandatory Ecuador Compliance for e-Invoicing in 2014-2015
Mandatory Ecuador Compliance with Factura Electrónica approaching. Is your enterprise ready?

Ecuador is joining the ranks of mandatory compliance in Latin America via Resolution NAC- DGERCGC13 – 00236 for mandatory integration of Electronic Invoicing or Factura Electrónica.

Summary of transaction types and documents and industries affected:

Types of documents
Invoices
Withholding Receipts
Bill of Lading (Remisión)
Credit Notes
Debit Notes
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Deadlinescurrently in place per SRI (Tax entity of Ecuador):

June 1st, 2014 – Financial institutions (except insurers) and credit card issuers
August 1st, 2014 – Broadcasting stations and credit card administrators

Telecommunications and pay TV entities special contributors per the SRI

October 1st, 2014 – Exporters special contributors per the SRI
January 1st, 2015 – Other special contributors per the SRI not mentioned in the above three groups.

Plus those with permission to print documents or receipts using computerized systems;

Taxpayers who sell through the Internet;

Those engaged in export.

The mandate is required only for transactions that support tax credit of Value Added Tax.

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