An Overview of South America

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nrumohammadx1
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Joined: Mon Dec 23, 2024 3:51 am

An Overview of South America

Post by nrumohammadx1 »

United States
Let's go to the other side of the ocean, but referring to an economic ecosystem - the US one - that is strongly connected to the European one. In addition to being, evidently, central to global dynamics.

In the US, there is no uniform regulation at the federal level; and there are large differences from state to state .

In general, however, the most widely adopted model is the one defined by hungary whatsapp resource the Electronic Commercial Relations Council (ECR) of the United States, which provides for the use of common technical standards for the transmission of electronic invoices, ensuring interoperability between the various systems used by companies.

A recent news: the Business Payments Coalition together with the Federal Reserve is developing a pilot project with the aim of creating a standardized system for exchanging electronic invoices . An infrastructure very similar to the aforementioned PEPPOL , which can facilitate all procedures both at national and international level. This project involves several stakeholders and collaborates with the OpenPeppol association itself .



The states of South America have an economic and productive ecosystem very different from each other, of course. Just as the social, administrative, governmental situations are very different.

Driven above all by the desire to stem tax evasion and avoidance phenomena and, therefore, to monitor more thoroughly the fulfillment of tax obligations by taxpaying companies, most of these countries have adopted electronic invoicing well ahead of the rest of the world . It is no coincidence that the electronic invoicing models developed in the LATAM area are mainly based on a centralized approach, which provide for strong control of the tax authority over transactions. In this sense, the similarity with the Italian model centered on the role of the Exchange System is immediate.
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