E-invoicing in Paraguay is regulated by the National Tax Directorate (SET) and is mandatory for all taxpayers, regardless of their size or activity. Here’s how e-invoicing works in Paraguay:
- Electronic invoice issuance: Businesses must issue electronic invoices through a certified provider, either through web services or software integration with their billing system.
- Invoice transmission: The electronic invoice is sent to the recipient via email, electronic message, or any other agreed-upon electronic means.
- Digital signature and verification: The electronic invoice is digitally signed using a digital certificate, which ensures the integrity and authenticity of the document. The recipient can verify the authenticity of the digital signature and ensure that the document has not been tampered with.
- Storage and archiving: Both the issuer and recipient must keep a copy of the electronic invoice for at least 10 years. The tax authorities may request these invoices for audit purposes at any time.
- Compliance and reporting: Businesses must comply with the e-invoicing requirements set forth by the SET, including the format of the electronic invoice, data validation, and reporting requirements.
In Paraguay, e-invoicing has become an important tool for tax collection, reducing the incidence of tax evasion, and streamlining the invoicing process for businesses.
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