On March 15, the Internal Revenue Service (SII) published Exempt Resolution No. 36, which establishes that taxpayers issuing Electronic Tax Documents, when issuing invoices, credit notes, debit notes, delivery guides, purchase invoices, and settlement invoices, must comply with the following:
Indicate in the “Item Name” or “Product Name” field, within the “Detail” section, in a clear, formal, and explicit manner, without ambiguities or inaccuracies, the description of the products being sold or the services being provided, according to the natural meaning of the Spanish language, avoiding abbreviations that prevent or hinder proper understanding; this is without prejudice to the inclusion of internal-use codifications.
*If the description exceeds 80 characters, it must continue in the “Additional Description” or “Descrip.” field on the same line.
Read the commentary and recommendations by Rodrigo Maldonado, Senior Tax Manager at CCL Auditores Consultores, in the following document, as well as the potential penalties for non-compliance with this requirement.