This Tuesday, October 31, Ecuador is marking the fourth day of blackouts due to low power generation that has caused power outages of up to 4 hours a day across the country. One of the sectors that says these cuts have the biggest impact is the commercial sector, and one of its problems, the lack of energy, is the inability to issue electronic invoices, which prevents them from being sold.
The first day of the blackout: businesses, between uncertainty about the schedule and calculation of the impact
According to estimates by the Chamber of Commerce of Quito (CCQ), every hour of blackout represents $18 million less in sales for the sector.
Do not stop issuing bills during a power outage.
Do not forget that in unforeseen cases or force majeure you can use physical invoices. pic.twitter.com/UAKHi17WNQ
— SRI Ecuador (@SRIoficialEc) October 31, 2023
Faced with the specific problem of issuing electronic invoices, the Tax Administration (SRI) reminded this Tuesday that companies can issue physical invoices due to unforeseen events or force majeure. “Don’t stop issuing bills during a power outage. Remember that in unforeseen cases or force majeure, you can use physical invoices,” SRI posted on its X account.
Electronic billing is now mandatory in Ecuador: which physical receipts are still valid
From November 30, 2022, electronic invoicing is mandatory in the country: individuals and companies are required to issue electronic receipts for all their transactions.
Popular companies are an exception, as their activities are subject to the Simplified Regime for Entrepreneurs and Popular Companies (Rimpe): electronic invoicing is not mandatory for them.
Source: Eluniverso
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