Peruvian Tax Administration Names Paperless by Sovos as First Authorized Solution for Real-Time Tax Validation

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Aiming to close long-standing tax loopholes, Peru enlists the region’s leading real-time tax reporting solution to validate and authorize electronic documents

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We are proud to have been named the first OSE, as this achievement not only strengthens our relationship with SUNAT, but also directly benefits our customers.

In an effort to further close tax loopholes and promote tax compliance across the country, the National Superintendence of Tax Administration (SUNAT) has identified select technology providers – termed Operators of Electronic Services (OSE) – to validate and authorize all invoices submitted by Peruvian companies. Paperless by Sovos, the most popular e-receipts and e-documents solution in Latin America, announced today that it was the first provider to be named as an OSE.

Currently, more than 53,000 companies in Peru utilize electronic invoices to comply with tax rules in real time, but the SUNAT’s goal is to enroll 90,000 more small and mid-size companies in e-invoice compliance by 2018. To make the transition as smooth as possible, the certified OSE’s will help lead this charge. In order to become an OSE, Paperless by Sovos successfully completed the necessary measures required by the SUNAT, including securing ISO 27001 certification, complying with international standards in information security systems, demonstrating a high level of experience and service, and much more.

“We are proud to have been named the first OSE, as this achievement not only strengthens our relationship with SUNAT, but also directly benefits our customers,” said Alfredo Guardiola, CEO of Paperless. “We’re at the forefront of regulatory changes imposed by the governments across Latin America, and we will continue to enhance the processing of electronic tax documents for our clients, offering them greater speed, security and scalability while ensuring they stay compliant.”

In the new OSE-model, companies will be required to submit electronic fiscal documents to their designated OSE directly. Utilizing Paperless by Sovos, the largest processor of e-receipts and e-invoicing transaction in Latin America, companies report increased productivity by spending less time processing invoices, as well as savings of nearly 60 percent from cutting back the costs of printing, mailing and packaging paper invoices.

Peru is one of 10 countries worldwide leading the implementation and use of electronic invoicing. With the rapid pace of globalization, the government is leveraging technology to close tax loopholes and make the shift toward real-time, detailed tax reporting and e-invoicing.

About Sovos
Sovos is a leader in global tax, compliance and business-to-government reporting software, safeguarding businesses from the burden and risk of compliance in thousands of tax jurisdictions around the world. As governments embrace technology-driven processes, businesses face increased risk and complexity in an ever-changing regulatory environment. Sovos Intelligent Compliance Cloud offers a proactive approach to tax compliance and reporting obligations that supports productivity, rather than hindering growth. With a 35-year track record of accurate and complete regulatory analysis and a global suite of software solutions, Sovos helps finance, tax and HR professionals in 4,500 companies, including half of the Fortune 500, stay ahead of complex and fast-changing government regulations. The company’s compliance platform integrates with a wide variety of business applications, providing the control and visibility required to manage global tax compliance activities. Based in Boston, Sovos has offices throughout North America, Latin America and Europe. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.

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Jennifer Blackburn
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