- Updated Implementation Timeline: Brazil’s SINIEF Adjustment No. 34/24 establishes that the mandatory adoption of NFCom, a new invoicing requirement for ICMS taxpayers, will begin on November 1, 2025, streamlining invoicing for Communication and Telecommunications services.
- Real-Time E-Invoicing Features: NFCom will introduce real-time validation and a standardized XML format, replacing the outdated models and improving compliance efficiency. Key features include event tracking, digital signatures, and mandatory archiving for five years.
- Impact on Telecommunications Sector: The NFCom is expected to significantly enhance compliance and reduce operational costs for the telecommunications industry, which plays a crucial role in Brazil’s economy, with over 336 million active service contracts as of January 2023. Businesses can test NFCom transmissions and voluntarily adopt the system before the official deadline.
Source Comarch
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