Electronic invoicing guide
Chile
Digital reporting requirements
Real-time reporting.
Obligatory
B2G, B2B and B2C: Mandatory.
Electronic invoicing in Chile is mandatory for 100% of companies. Being an e-invoicing company enables taxpayers to issue and receive Electronic Tax Documents (DTE).
Authority
SII – Internal Revenue Service.
Platform
IBS Platform.
Format
DTE, standardised XML file.
Storage time
6 years.
Reporting and processes
Reporting
This country has no reporting obligations.
Processes
- Chile was the first country to introduce voluntary e-invoicing in 2001. It began implementing mandatory electronic VAT invoice reporting in 2014. Locally they are called Electronic Tax Documents (Documentos Tributarios Electrónicos, DTE).
- Companies must first register with the Tax Service (SII) to issue DTE invoices. If they succeed, they will receive a digital signature CAF (Folio Authorisation Code) with which to stamp the DTE invoices.
- Companies send the DTEs to the SII in real time via the chosen invoicing system for validation. Once validated, the tax agency returns them to the issuer. The issuer sends them by e-mail to the final recipient, in XML_DTE format.
- The recipient of the e-invoice has eight days to accept it or to complain about it. If no acknowledgement of receipt has been generated after this period has elapsed, the SII considers them to have been formally accepted.
- The SII has replaced the declaration of sales and purchase books with the creation of the F29 document that the SII sends to companies for ratification.
- It may happen that there are customers who have not received invoices from suppliers, so these companies cannot check and corroborate the data. If the seven-day deadline for the claim has expired, the SII automatically considers the invoice as valid and incorporates it into the proposed VAT return F29. Obviously, the discrepancy of the data with the SII will lead to discrepancies in the Form 29 (TAX form).
Upcoming legislative changes
For the time being, no legislative changes are foreseen.
Links of Interest and documents
https://homer.sii.cl/
Documents
In 2014, Law No. 20.727 established the mandatory use of the Electronic Invoice in Chile, with a progressive incorporation period from the entry into force of the law on 31 January 2014. During this time, physical or paper documents are replaced by the different Electronic Tax Documents (ETD) contemplated in the legislation: Invoices, Credit Notes, Debit Notes, Dispatch Guides, Purchase Invoices and Exempt Invoices.
The electronic receipt is the proof of purchase that the final consumer receives. It specifies the net price, VAT and total cost separately, just like invoices, which is not currently the case with paper receipts.
Each electronic invoice generated must be sent to the SII within a maximum period of one hour. In addition to the electronic vouchers, taxpayers must generate a daily Sales Summary with the transactions referring to the immediately preceding day and send it to the SII electronically signed.
Types of Electronic Tax Documents (ETD)
There are different types of Electronic Tax Documents (ETD), which provide fiscal and legal support for each commercial operation, both for the sender and the receiver.
The tax documents that the law requires to be issued in electronic format are: Invoices, Unaffected or exempt invoices, Purchase invoices, Invoice settlements, Debit notes, Credit notes, Waybills, Export invoices, Export credit notes and Export debit notes.
- Electronic invoicing.
- Invoice for sales and services not affected or exempt from VAT.
- Electronic purchase invoice: this is the legal support for a purchase, and is issued in the following situations:
- Where the electronic issuer is a withholding agent authorized for the Change of VAT Subject and carries out transactions on which it is obliged to withhold part or all of the VAT.
- When the electronic issuer carries out taxable transactions with sellers or service providers, as indicated in Exempt Resolution No. 1496 of 1976, who do not have tax documentation.
- Electronic dispatch guides.
- Electronic settlement of invoices.
- Electronic credit note.
- Electronic debit note.
- Electronic export invoice.
- Electronic export credit note.
- Electronic export debit note.
Do you have a specific need?
Get in touch with our team of experts to tackle legislative challenges.
- Detailed reports for any market.
- Support and advice in the implementation process.
- Electronic invoicing as the cornerstone of your company's digital transformation.
