- Fonoa has launched its e-invoicing solution in Ecuador
- The software allows businesses to generate e-invoices and report transactions in real-time
- Ecuador introduced a compulsory electronic invoicing system in 2015
- All enterprises with annual revenue exceeding $20,000 USD must produce XML electronic invoices authenticated by the Ecuadorian tax authority
- Businesses must register with the Internal Revenue Service (SRI) and submit every generated document within 24 hours
- Invoices must fulfill data content and format requirements, be signed with an Advanced Electronic Signature, and go through various states in the SRI WEB portal
- Fonoa ensures that each electronic document includes a unique access code for identification and authorization
Source: fonoa.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
