El Salvador Prepares Electronic Signature Application

Bit4ID Ibérica, SL. is the consulting company which signed the contracts to carry out the works of support to the authorities, in the process to implement the electronic signature in the country.

Friday, September 6, 2019

This process has been delayed, as in September 2017 the Ministry of Economy reported that the system would be ready for use by the end of that year, or early 2018.

From the Ministry of Economy statement:

September 5, 2019. Two contracts were signed today with the consulting firm that will support the Ministry of Economy and other government institutions with the process that will begin the implementation of electronic signature in El Salvador.

This act was presided by the Minister of Economy, María Luisa Hayem; the Executive Director of FOMILENIO II, William Pleites, the Secretary of Innovation of the Presidency, Vladimir Handal and the Deputy Resident Director of the Millennium Challenge Corporation (MCC), Richard Mora. Also in attendance were representatives of the consulting firm Bit4ID Ibérica, SL.

The electronic signature, as a digital equivalent to the handwritten signature, is a tool that guarantees the confidentiality of documents and information; it provides legal security and allows paper documents to be replaced by their electronic equivalent to simplify procedures and facilitate trade.

It is the responsibility of the Government of El Salvador to take the initiative, promote and enable the technological and regulatory conditions so that, through effective public policies, the productive sectors can be integrated into the digital economy and the public sector can improve services and optimize its resources.



More on this topic

Electronic Invoicing Planned for 2020

December 2018

In El Salvador, it is expected that electronic invoicing will be in effect in 2020, since reforms to the Tax Code and the Law on the Transfer of Movable Goods Tax are still needed.

Authorities from the Ministry of Finance reported that to implement electronic invoicing, they already meet with representatives of the Inter-American Development Bank (IDB) and expect the arrival of experts from Costa Rica.

El Salvador: Electronic Signature Ready in Early 2018

September 2017

According to the Ministry of Economy there are already ten public entities and one company interested in providing the service, which could be available in the first months of 2018.

Although it remains to be decided which company or public institutions will provide the service, the Ministry of Economy explained that the system could be ready to be used later this year or early next year.

El Salvador: Electronic Signature Law In Effect

April 2016

A law has come into force which grants legal equivalence to signatures in transactions made via electronic means.

From a statement issued by the Ministry of Economy of El Salvador:

The new Law on Electronic Signatures, adopted by the Legislature last October, took effect this April 26, 2016, converting the Ministry of Economy into the Accrediting Entity for Digital Signatures.

Costa Rica: Electronic Invoices To Be Mandatory in 2014

October 2013

From the first half of next year, all professional people will have to use the mechanism that has the same validity as paper documents.

This was announced by Carlos Vargas, CEO of Taxation. The goal "... is to have a tool to verify professional people's income, which is important for determining income tax (which is applied on the difference between income and expenses)", reported Nacion.com.

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