Argentina e-Invoicing and e-Accounting Definitions
The AFIP (Argentinean tax authority) requires all companies doing business with VAT related invoices to issue electronic documents. Below we've put together a list of common terms used for compliance in Argentina:
AFIP (Administración Federal de Ingresos Público) – The Argentinian federal tax administration.
Bill of lading (Remito) – Document that must be on truck when shipping goods.
Clave Fiscal – A passwarod given by the AFIP to carry out procedures from any PC connected to the internet.
CUIT (Clave Única de Identificación Tributaria) - Unique tax identification code. Companies in Argentina are required to have a CUIT in order to contribute taxes.
CAE (Código de Autorización Electrónico) – Number giving by AFIP that validates the electronic invoice. This number is what makes the electronic invoice fiscally valid.
CAI (Código de Autorización de Impresión) - The authorization number giving by the AFIP for paper invoices. This number is what makes the paper invoice fiscally valid.
COT (Operaciones de Traslado) – Code that protects the movement of goods to or through the province.
Dynamic Sequencing – Invoicing in Argentina is done in batch. If you send 1000 invoices and invoice #2 fails, the other 998 won’t process. Automatic resequencing is required when this occurs.
Libros reports –Both Sales and Purchases reports are required to be electronic.
XML (Extensible Markup Language) – The required standard schema for electronic invoices.