One peso off means a credit note
The SII's electronic tax document format defines VAT as the net amount times the rate, rounded once. With VAT rounded line by line, a multi-line invoice in pesos was often off: in tests with random amounts, one in four with two lines and nearly half with five. The SII doesn't reject it, but it requires correcting it with a credit or debit note.
What changes
- Document-level VAT: per rate, the tax is the net total times the rate, rounded to pesos once.
- Per-line split without losing a peso: to show each line's tax, Cord splits the document's tax by largest remainder; the per-line amounts add up exactly to the total.
- With VAT-inclusive prices: the base comes from the VAT-inclusive total divided by 1.19, as the format specifies, and VAT is computed on that base.
- Across the account, not just the e-invoice: quotes, the editor, the public link, partial approval, invoices, credit notes, invoices created from quotes and the PDF all use the same rule.
- What the customer saw doesn't change: each quote stores the rule its totals were computed with, so an older quote keeps its amounts and an issued invoice is never recalculated.
How it works
You enter the quote or invoice as in any other country.
Cord computes VAT on each rate's net total and splits it across the lines.
The document stores the rule with its totals, and the SII e-invoice carries that same VAT.
Availability and scope
Every Chilean account, with or without the SII e-invoice turned on.
Clear limits
It applies only to Chilean accounts; other countries round per line, as their authorities validate. With VAT-inclusive prices, the total can end up one peso off the entered sum, as already happened per line.