Partial e-invoicing mandate
There has been recent e-invoicing traction across Latin America as companies push to advance the e-invoicing agenda in their respective countries. Ecuador is the latest country to introduce e-invoicing to its shores. The Internal Revenue Service (SRI) is introducing mandatory e-invoicing for certain taxpayers by 30 November 2022. Further to Resolution NAC-DGERCGC22-00000024, any taxpayers subject to income tax that were not obliged to issue invoices electronically must now comply with e-invoicing regulations by 30 November 2022 at the latest. Ecuador’s e-invoicing history dates to 2012, and the country has since advocated a phased implementation of e-invoicing obligations for taxpayers.