The utilisation of e-invoicing in LATAM has emerged as a pivotal instrument in the endeavour to curtail fraud and tax evasion. With progressive yet consistent adoption, countries such as Chile, Mexico and Brazil have established leadership in implementing e-invoicing.
On 12 December 2024, the General Department of Digital Economy of Cambodia (GDDE) introduced the voluntary registration of the Cambodia E-Invoicing System for Business-to-Government (B2G) transactions.
As of January 1, 2025, Hungary has mandated electronic invoicing for all commercial transactions involving electricity and natural gas. This mandate applies to all suppliers, marketers, distributors, and transmission system operators, as well as non-consumer entities, such as associations, NGOs, and societies.
The Slovak government disseminated preliminary information regarding the draft law amending the Value Added Tax (VAT) Act (222/2004) at the conclusion of December 2024. The impending legislation is poised to institute electronic invoicing and digital reporting, effective from 2027.
The Bulgarian government has announced a new draft law to modernise the nation's tax administration through the utilisation of the SAF-T (Standard Audit File for Tax), with the objective of facilitating communication between taxpayers and tax authorities.
On 18 December 2024, the Agencia de Recaudación y Control Aduanero (ARCA) published General Resolution 5616/2024, which stipulated the dates for the update of electronic invoicing systems.
Following the launch of the e-fapiao pilot programme, which was gradually extended to the whole country as of 1 December 2021, the State Tax Administration (STA) has announced its intention to officially promote e-fapiao documents nationwide for all taxpayers as of 1 December 2024.
On 21 November 2024, the GIB announced the forthcoming transition to a new central electronic invoicing and delivery note application. The changeover will commence on 14 December 2024.
The governments of Latin American countries have progressively implemented mandatory invoicing regimes. The transition has been marked by a constant evolution exemplified by the enactment of laws and regulations aimed at promoting the widespread use of electronic invoicing.
The InvoiceNow platform for e-invoicing in Singapore will commence a voluntary period in May 2025. As early as September 2024, the Inland Revenue Authority of Singapore (IRAS) will provide a test environment for companies and suppliers to verify the functionality of their systems.
