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Peru introduces electronic VAT invoices

  • Oct 25, 2014 | Richard Asquith

Peru introduces electronic VAT invoices

Peru this month became the latest South American country to introduce electronic VAT invoices. Ecuador and Mexico also recently introduced such measures.

The Tax Administration is aiming to reduce the amount of VAT fraud in the country with the long-term aim of forcing companies to submit electronically all transactions for statistical analysis to the tax office.

The administration has confirmed the names of all companies and organisations which must have implemented e-invoices at the start of this month. However, it has been granting dispensation where companies can demonstrate a clear implementation plan for 1 April 2015.

Any companies which fail to meet these deadlines will lose the automatic right for their customers to claim input VAT deductions.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.