Last August 4, 2021, the Chilean tax office (SII), has issues an official update on the way to backup the employee’s expense summaries.
According to the instructions detailed on official ruling ORD. n°2002 from August 4, regarding the format to backup and keep the documents that support the expenses the employees have made. The Chilean tax office has ruled that using a digital system to issue, backup and support the expenses done by the employees of a companies is acceptable.
The tax office has also concluded that the image or digital representation of the supporting documents, are proof enough to validate and support the expenses, with the condition that they are accounted and that these expenses follow the requisites for tax acceptable expenses.
It’s important to note that even if this new ruling allows digital expense summaries, it’s important that these expenses are needed as part of the business of the company. And that all expense summaries must include enough information for them to be approved and recorded in the accounting. Some of the best practices we can recommend about expense summaries are:
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