Over the past two decades, electronic invoicing (e-invoicing) has transformed tax administrations worldwide. This innovative solution was created in Latin America and first launched in 2003 in Chile, and then in Brazil and Mexico. Since then, this digital transformation has significantly increased transparency and tax collection and reduced economic…
• Introduction In the current world scenario, international tax transparency has emerged as a cardinal tool to reduce information asymmetry and thus “level the playing field”. In this new paradigm, global standards were agreed upon, one of which is the automatic exchange of financial information (AEFI), through the “Common Reporting…
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Tax compliance requires compliance with both formal obligations (filings, requirements, documentation, etc.) and substantive obligations (payment of the tax). In the field of tax proceedings, the forms are necessary for the timely and proper presentation of appeals against acts of the administration, in which the taxpayer states that an…
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Warren Buffets, the chairperson and CEO of Berkshire Hathaway, a famous American investor and philanthropist nicknamed the “oracle of Omaha”, is considered one of the most successful investors of all time. In his 2025 shareholder letter, Warren Buffett acknowledged the potential for “a truly staggering insurance loss” due to…
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1. Introduction In the last decade, the digitalization of tax administrations in Latin America and the Caribbean (LAC) has advanced significantly. The implementation of the electronic invoice has been one of the most important milestones in this process, without neglecting the implementation of the electronic registry of taxpayers., electronic declarations…
• 1. Introduction Tax compliance officers handle vast amounts of data from multiple sources within their jurisdictions. However, as business becomes increasingly global, corporate structures stretch across borders, adding another layer of complexity. The challenge isn’t just collecting data—it’s ensuring different systems can ‘talk’ to each other. Tax officers…
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