Odoo electronic invoicing in Ecuador¶
Odoo Invoicing is your trusted partner for safe, efficient, and legally compliant e-invoicing solutions tailored to meet Ecuador’s regulatory requirements and fully compatible with the guidelines established by the Servicio de Rentas Internas (SRI).
Legal framework for e-invoicing in Ecuador¶
Ecuador has implemented mandatory electronic invoicing for most businesses aimed to enhance tax compliance and transparency. Key elements include:
Factura Electrónica: All businesses must issue electronic invoices in XML format for B2B, B2C, and B2G transactions, ensuring compliance with SRI's technical specifications.
Transmission Requirements: E-invoices must be transmitted to the SRI within 24 hours of issuance.
Record Storage: E-invoices, including the SRI's acceptance messages, must be stored for a minimum of seven years.
Compliance with Ecuadorian e-invoicing regulations¶
Odoo Invoicing simplifies compliance with Ecuador’s e-invoicing requirements by offering tailored features:
Supported formats: Odoo supports the Ecuadorian e-invoice format (XML) and ensures compatibility with the SRI's system for validation and authorization, including the necessary digital signature.
Secure storage and retrieval: In compliance with Ecuador’s seven-year storage requirement, Odoo offers tamper-proof archiving so that invoices can be easily accessed during audits or inspections.
Automatic tax calculation and reporting: Odoo automates tax calculations for VAT (IVA) and other applicable taxes, ensuring accurate invoicing and adherence to Ecuador’s tax reporting standards.
Disclaimer
This page provides a general overview of Ecuadorian e-invoicing regulations and how Odoo supports compliance with SRI requirements. It is not intended as legal or tax advice. We recommend consulting with a tax advisor or legal professional familiar with Ecuador’s e-invoicing regulations to ensure compliance tailored to your specific business needs.