Tax registered business in Ecuador are obliged to maintain electronic invoices. This measure is imposed to reduce VAT fraud in Ecuador and came into force from the month of October 2014.
Tax authorities have access to online portal of all customers maintaining e-invoices for them so that the authority can check the legitimacy of the invoices provided by the customers. Electronic invoices are now mandatory in Ecuador from 1 October 2014 for financial services firms – banks and insurers. The other industries like, credit card companies and exporters are also included. E-Commerce businesses will also need to produce e-invoices from 1 January 2015.
