BRAZIL NOTA FISCAL 2014 – ARE YOU COMPLIANT?

ü NFe version 3.10: As of December 2014, the current 2.0 version will be shut down and all companies must run the new version.

ü Sending NFe for Goods: Mandated since inception of NFe and managed at the state/federal level.

ü Sending NFSe for Services: Mandated and managed by the municipalities (city). Each city, over 5,000, can have a different system requiring different information;

ü Validating Inbound NFe Goods: NFe received from suppliers must be authenticated and archived for 5 Years. The average fine is approximately 500 Reais per XML missing plus additional fines;

ü Validating Inbound CTe (Transportation Documents): A CTe is a document that your logistics provider must send for freight charges. As of December 2013, they must be collected, validated and archived;

ü Validating Inbound MDFe (Transportation Documents): As of June 2014, these documents must be collected, validated and archived. They will accompany CTe or be delivered by trucking contractors;

ü eSocial: A Human Resource requirement that requires over 27 web services, including topics like payroll. Mandated June 2014;

ü Manifestacao do Destinatario: Inbound Events required for Oil & Gas, invoices over 100,000 Reais in RioGrande Del Sul, and expanding in 2014 to other industries.

Source: Invoiceware