Legal requirements for invoicing are constantly changing in Argentina. While they are mandatory for some industries, others are still receiving future timelines from the Argentinean tax authority Administración Federal de Ingresos Públicos (AFIP). Today organizations need to consider solutions for Type E export invoices, as well as the regulations for domestic (Type A and Type B) invoices.
There have been a number of changes in the laws since October 2013 that will affect most multinationals. Initially, the changes were associated to the “sin detail” invoices (i.e. the invoices without detail or line items); however, on December 16, 2013, the AFIP published General Resolution 3571/13, listing the new industry sectors that must transition. April 1, 2014 is the date that companies in the first group must be ready to carry out electronic invoicing. And on August 1, 2014 the last group (group 6) must be ready for compliant e-invoicing.
Argentina e-Invoicing Basics:
- The MOST IMPORTANT: The AFIP requires that official document numbers be issued in sequence, so if there is a problem with one particular invoice, subsequent invoices must be placed on hold until the problem is corrected.
- Multiple CFD Document Types (export invoice, credit memo, debit memo, etc.)
- Real time integration of CFD Summary with Argentina Tax Authority (AFIP)
- Export Invoices – cannot release truck for shipment without CAE number
- All Invoices, CAE Code and Expiration Date required on printed output.
- Mandates for Export Invoices now, Mandates for other CFD Document Types Coming Soon
- The supplier should make the XML available within 10 days of receiving the CAE number
- Buyers have the ability to validate supplier XML via web services in real-time and batch.
Are you prepared? What is your strategy to stay informed and compliant with these regulations?
This is the 4th Latin America country to announce significant changes to their e-invoicing laws in 2014: Argentina, Chile, Brazil, and Mexico have all released changes for this year.