Simplifying electronic invoicing in Bolivia

• Bolivia implemented an electronic invoicing model in 2019 to enhance tax compliance.
• The National Tax Service (SIN) has been working to create a more efficient invoicing environment despite previous attempts at establishing a mandatory system.
• The legal basis for e-invoicing can be found in the country’s Resolution Board of Directors Regulation No. 101800000026 from the 20th of November 2018.
• Bolivia has introduced mandatory e-invoicing regulations in stages for different groups of taxpayers.
• The e-invoicing format in Bolivia follows XML 1.0 UTF-8 standards, and mandated taxpayers undergo a mandatory certification process in a test environment. Electronic tax documents must be electronically signed using digital certificates issued by ADSIB.
• Online validation of documents is carried out with SIN, and companies receiving electronic tax documents can automatically validate them on the SIN platform, ensuring their tax validity.
• The implementation of e-invoicing mandates creates numerous benefits for both taxpayers and the tax authority.

Source Unifiedpost

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