AGC AGC AGC AGC
  • About us
  • Who we are
  • What we do
  • Impact
  • Resources
    • AGC Insights
    • Case Studies
    • News
  • Contact us
AGC AGC
  • About us
  • Who we are
  • What we do
  • Impact
  • Resources
    • AGC Insights
    • Case Studies
    • News
  • Contact us
Nov 28

E-Invoicing Required for Doing Business in Peru

  • 28 Nov 2015
  • News
  • Latin America

The trend toward e-invoicing in emerging markets has the potential to increase the demand for financial services such as factoring and invoice discounting.

According to a tax advisory on the Deloitte web site, Peru is the 6th country in Latin America to implement electronic invoicing for payment and billing. As in Argentina, Brazil, Chile, Colombia, and Mexico, e-invoicing will replace paper processes to improve efficiency, security, and reduce errors in hand-entry of accounting data as well as environmental benefits. Authorized e-invoicing systems connect to Peru’s tax authority (SUNAT) databases to submit information electronically in addition to streamlining the process between buyers and sellers.

Deloitte also notes that a law passed in March 2015 will promote funding Peruvian companies through factoring and invoice discounting. Law No. 30308 establishes guidelines for issuing electronic invoices that qualify as “negotiable securities” that can be traded on the Peruvian securities market.

AGC has partnered with a factor in Peru that is an authorized electronic issuer, meaning that they provide a platform to large, medium, and small businesses to provide e-invoicing and submit the information to SUNAT. They are also certified as a factor, offering platforms for both e-invoicing and supply chain financing.

In 2013, the government identified 239 Peru-based companies and required them to establish e-invoicing systems. The mandate is to gradually obligate companies to issue electronic invoices from 2015 to 2018. By December 31 2015, the first 6,000 companies are obligated, including 4,959 small companies. For 2016, there is a list of 12,300 companies that will be obligated, and by the end of 2018 paper invoices will no longer exist.

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-Mail

Comments are closed.

About

Follow our quick links to research and news related to financial inclusion, impact investing, and emerging markets. Dive deeper into AGC Insights for thoughtful articles on key themes and compelling case studies.

Category

  • AGC Insights
  • Case Studies
  • News

Advance Global Capital

60 Cannon Street
London, EC4N 6NP
United Kingdom
+44 (0) 7855 111 048
info@advanceglobalcap.com

Follow Advance Global Capital on LinkedInFollow Advance Global Capital on Twitter

Get in touch

Put your principal to work as flexible capital for SMEs in underserved markets. Learn more about Advance Global Capital Funds.

Contact us

Authorized and regulated by the UK Financial Conduct Authority (FRN 669678).

Privacy Policy | UK Stewardship Disclaimer | Important Legal Information
Terms of Use | Pillar 3 Disclosure

©2023 Advance Global Capital, Ltd. | Site: Defined Digital Marketing | Design: Erin Morton Creative