- Paraguay has made significant progress in modernizing its tax system through the implementation of the SIFEN (Integrated National Electronic Invoicing System).
- The phased approach to e-invoicing adoption includes a pilot phase, voluntary phase, and mandatory phase.
- Key milestones and regulations have been established, and various types of electronic tax documents are now in use. E-invoicing in Paraguay involves generating XML format invoices with digital signatures and control codes.
- Compliance with technical standards and obligations, including secure storage and archiving of electronic documents, is required.
- Paraguay’s embrace of e-invoicing demonstrates its commitment to efficiency, compliance, and economic growth.
- Expert support is available to navigate the e-invoicing landscape.
Source Taxera
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- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
