Two decades ago, Latin American countries began to realize the benefits of mandated e-invoicing: streamlined process, a reduced administrative burden for companies, and a more productive and accurate sales tax collection framework.
This trend has caught on. There has been an exponential increase in the number of countries implementing e-invoicing as an integral tool of embedding continuous transaction control.
What is a Continuous Transaction Control: Continuous Transaction Control is a control process used by tax administrations to improve indirect tax management by collecting and validating transactional invoice data in real, or near-real time, instead of (or in addition to) collecting summa...
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