Country Specific Functionality (CSF) Argentina

Overview

As your business grows and expands into Argentina, the Argentina CSF helps to keep your Epicor Financials system compliant from day one to save time and expense. The CSF package contains the most used financial and operational functionalities in the country including:

• Electronic Invoicing
• Withholding Tax Management
• VAT Reports for Sales and Purchases
• Electronic Tax Reports

Electronic Invoicing

The Argentina CSF package helps provide multiple AR invoice creation modes:

• Printing (Código de Autorización de Impresión, CAI)
• Electronic (Código de Autorización Electrónico, CAE)
• Electronic in advance (Código de Autorización Electrónico Anticipado,CAEA)

The creation of domestic and export AR Invoices, Credit Invoices (MiPyME), Sales Notes, Credit Memos and Debit Notes are supported by the Argentina CSF package.

When generating Electronic Invoices (CAE), the details of the invoice are sent to the AFIP in an XML file for certification. If the response is successful, then key information is stored in the respective Tracker programs in the Kinetic system, such as the authorization code, date and legal number.

For electronic invoices in advance (CAEA), a code needs to be requested from the AFIP in advance to generate invoices during a 15-day period. At the end of the period, these invoices should be sent to the AFIP for validation.

Withholding Tax Management

The Argentina CSF package in Kinetic helps provide two additional withholding tax management capabilities to cover local requirements.

• Calculation of the full withholding tax amount on the first payment date of an invoice, regardless if it is a partial or full payment.
• Calculating taxes only, when the accumulated payments sent to a supplier reach a pre-set minimum limit in the actual fiscal period.

VAT Reports for Sales and Purchases

The Argentina CSF package installs printed VAT report layouts both for sales and purchases. The reports show invoices posted in the selected periods, with the relevant VAT data such as gross income tax (IIBB), VAT perception (IVAP) and VAT with multiple rates.

Electronic Tax Reports

The Argentina CSF package supports the generation of a series of electronic report files in Kinetic.

These reports are created on a monthly basis in TXT format and must be submitted to multiple local authorities such as ARBA, CITI, COT, SICOL, SICORE, SIFERE and SIRED.

The requirements on the content differ in each province and whether businesses need to generate these reports also depend on the nature of transactions.