In the Headlines
June 25, 2024
Electronic Invoicing: Why It's a Challenge and Requires Extra Effort
Portafolio
Tax attorney Juan Camilo Riveira was cited in a Portafolio article discussing the complexities and challenges of implementing electronic invoicing systems. He highlighted that switching from traditional to electronic billing is a complicated process because it requires significant changes in infrastructure. Additionally, Mr. Riveira pointed out the issue of frequent regulatory updates complicating compliance efforts, advocating for a more supportive approach from the authorities to ensure businesses can adopt the system correctly and effectively.
"It seems that the system is too complicated, and there are people who have not been able to understand or implement it. Consequently, we understand that the penalties being imposed on taxpayers should consider that it's not an easy system to implement, and transitioning from non-electronic to electronic billing involves substantial infrastructure changes," he said.
READ: Electronic Invoicing: Why It's a Challenge and Requires Extra Effort
"It seems that the system is too complicated, and there are people who have not been able to understand or implement it. Consequently, we understand that the penalties being imposed on taxpayers should consider that it's not an easy system to implement, and transitioning from non-electronic to electronic billing involves substantial infrastructure changes," he said.
READ: Electronic Invoicing: Why It's a Challenge and Requires Extra Effort