E-invoicing in Chile is a process that enables companies to submit and receive electronic invoices to and from the Chilean tax authority, Servicio de Impuestos Internos (SII). The implementation of this system in Chile was mandatory for companies starting in 2003, making Chile one of the first countries in the world to adopt electronic invoicing as a legal requirement.
Here’s how e-invoicing works in Chile:
- Company registration: In order to use e-invoicing in Chile, companies must register with the SII and obtain an Electronic Tax Document (DTE) provider.
- Creation of electronic invoice: Companies create an electronic invoice using specialized software that is approved by the SII. The electronic invoice must include certain mandatory information such as the company name and tax ID, the invoice number, date of issue, description of the goods or services provided, and the amount charged.
- Submission to the SII: Once the electronic invoice is created, it is submitted to the SII through the DTE provider.
- Verification and validation: The SII verifies and validates the electronic invoice to ensure that it meets all legal requirements and that the information provided is accurate.
- Approval and notification: If the electronic invoice is approved, the SII issues an electronic certification that confirms the validity of the invoice. The certification is sent to both the buyer and the seller, providing a legal record of the transaction.
- Archiving and storage: Once the electronic invoice is certified, it is archived and stored in the SII’s database, eliminating the need for physical copies of the invoice.
Overall, e-invoicing in Chile has streamlined the invoicing process, reduced the administrative burden for companies, and improved tax compliance.