E-invoicing: Avoid penalties and business closure

A company issuing an invoice without the requirements requested by the Dian may face fines equivalent to 1% of the value of the invoiced operations, without exceeding a maximum of 950 UVT; approximately 32 million pesos.

With the publication of Decree 2242 of 2015, several myths and truths have been generated related to the implementation of the electronic invoice and the benefits that this may grant to entrepreneurs who embrace the process in the stipulated period.

Avoiding penalties or closure of establishments, testing the platforms on time and obtaining early digitalization of companies are part of these advantages that entrepreneurs receive.

Avoiding financial penalties

A company that issues an invoice without the requirements requested by the Dian, may face fines equivalent to 1% of the value of the invoiced operations, without exceeding a maximum of 950 UVT; approximately 32 million pesos. For not complying with the deadlines, the fine will be up to 15,000 UVT.

Provide for the closure of establishments

In order to avoid the temporary closing of the company, the following guidelines must be complied with:

–Indicatethe NIT of the seller and the name with surname or company name of the person rendering the service.

–Containthe NIT of the purchaser of the goods or services and the name with surname or corporate name, together with the discrimination of the VAT paid.

–Havea number that corresponds to a consecutive numbering system of sales invoices.

–Havethe specific or generic description of the items the company sold or the services it rendered.

–Indicatethe total value of the transaction.

Source: Actualícese