Tuesday 12th May, 2015

As e-invoicing spreads across Latin America, Peru has embarked on an e-invoicing adoption roll-out project. According to Peru’s National Superintendency of Tax Administration (SUNAT), by the end of this year more than 107 million electronic invoices and receipts will be in circulation in the country.

As part of a resolution set during 2013, 239 large companies in Peru were asked to join the Electronic Issuing System (SEE). A new deadline for these companies to join is set for 1st August after two deadline extensions.

In addition, SUNAT published a second list last September which required 778 businesses to adopt this system by 1st July this year. By then, there will be over 1000 new taxpayers issuing e-invoices in 2015. SUNAT proposes that e-invoicing should be implemented 100% by 2017.

With rollout of the Electronic Payment Receipt (CPE), benefits for taxpayers are estimated to reach savings on resources of up to 60%. This method not only cuts the document costs arising from transport, printing and storage, but also reduces the time spent on management. In addition, the spread of e-invoicing will encourage businesses to also adopt the digital format for other tax documents, for example pay slips.