The Ministry of Finance in Costa Rica has decided to scrap all efforts made to introduce electronic invoicing the last five years. Instead, Fernando Rodriguez, Deputy Minister of Revenue at the Directorate General of Taxation (DGT), has opted to restart the country’s attempts to utilize electronic invoicing from the outset. In doing so, he has decided to discard the work performed by the previous administration and initiate a new project for mandatory e-signatures from scratch. In addition, the new system includes the creation of new procedures to capture, process and control e-invoice information.  Read more...

Despite how much easier it is to manage invoicing and receivables electronically, countless companies worldwide continue to rely on manual processing. That means money wasted on paper, envelopes, stamps and labor. Read more...

In a determined effort to keep Argentinean money within its own borders, the government recently issued new restrictions limiting citizens to two purchases of goods from foreign e-commerce web sites annually. Not only that, the new laws limit the value of foreign goods Argentineans may buy through the Internet at $25 per year. Read more...

Chile, the first nation to introduce electronic invoicing ten years ago, is taking it one step further. Starting November, 2014, e-invoicing will transition a prescribed business tool to a mandatory one. The new system combines aspects of the batch-oriented folio method utilized in the Mexican CFDI model with real-time communications, as is the norm in Brazil and Argentina. Read more...