E-billing Grows in Brazil

Brazil Reals feature
What's Next In Payments®
2:45 PM EDT June 26th, 2014

E-billing in Brazil started in 2012 with an initiative of the federal and state tax authorities. Its aim is to end the need of an authorized printer for fiscal receipts and replacing it by an e-invoice, which can be printed in any device or sent by e-mail. The initiative promotes savings costs, simplification of redundant tax presentations and enhanced security.

25 of 27 states have opted out for the e-invoicing to date. Amazonas and Rio Grande do Sul already signed decrees which make it mandatory to adopt e-billing for certain firms, a requirement that will extend to all billers by 2015.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Comments
Also by This Author
What's Hot
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
View All Articles ››
You May Also Like
International
Korean Tech Companies Shifting B2C Focus to B2B Market
B2B Payments
Asian Wholesale Distributor Gets B2B E-Commerce Makeover
International
Alibaba Protects Its 11/11 “Singles Day” Turf
B2B Payments
In B2B Payments, The Magic In How A Govt. Phrases Things
View All Articles ››