Several companies have reported a massive rejection of electronic invoices after the activation of a new filter from the Ministry of Finance.
During the first days of the year, some taxpayers tried to declare and pay sales tax, but were unable to do so due to errors in the platform.
The Director of Taxation, Francisco Avendaño, assured that the initial problem has already been corrected and that VAT can currently be declared and paid without problems.
However, another obstacle remains: approximately 30% of invoices and payments submitted daily are rejected due to lack of an update linked to the technological transformation project. Digital Treasury and to the new system TRIBUCRwhose final adoption has been in force since October 6.
The situation worries the productive sector, since an invoice not accepted by the Treasury lacks legal validity. This means that it cannot be used as an accounting support, it does not allow the recognition of income or expenses and it does not generate the right to the VAT tax credit.
Additionally, the inability to validate receipts delays cash flow, as customers cannot post or pay rejected invoices. This forces the issuance, forwarding, approval and collection processes to be restarted, generating delays, reprocessing and commercial tensions.
Given this scenario, specialists recommend verifying with the accountant that the information is correctly updated to avoid setbacks.
