Electronic Invoicing Planned for 2020

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.

Wednesday, December 12, 2018

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.

Regarding the estimated times for the implementation of the new invoicing system, Finance Minister Nelson Fuentes said to Laprensagrafica.com that "... We would like to be able to implement it during the 2019 period and to be able to develop electronic invoicing from 2020."

The article adds that "... According to experts, one of the advantages of El Salvador to implement the invoicing modality is that it already has an Electronic Signature Law. One of the portfolio's bets is that electronic invoicing will increase tax collection. It would allow the taxpayer to use a digital platform instead of the traditional checkbook."

In June 2018, authorities reported that they would implement a trial plan to test the electronic invoicing system in July and August, starting with six companies. See "Getting Ready for the Electronic Billing System".

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More on this topic

Getting Ready for the Electronic Billing System

June 2018

In El Salvador the plan is to implement a pilot plan to test the electronic billing system over the next two months, starting with six companies.

The global project that will simplify 63 processes currently carried out by large taxpayers is expected to be consolidated in the next two or three years, since it is still in the stage of purchasing computer equipment.

Costa Rica: Mandatory Electronic Invoicing for Some Companies

January 2017

It has been announced that from March a group of large taxpayers will have to start using the electronic billing system mandatorily.

According to the Directorate General of Taxation, they will begin with a group of companies considered large taxpayers, who have already received training to implement the use of electronic invoices starting from March.

Consulting Firm to Provide Equipment for Tax Control System

January 2012

Panama is calling for expressions of interest for providing the design and operation of a computer system to control fiscal equipment.

According to a publication in Panamacompra.gob.pa:

The Republic of Panama, through its Ministry of Economy and Finance (MEF) has received financing from the Inter-American Development Bank (IDB) and intends to apply part of the funds to execute a program for strengthening fiscal management.

Honduras Implements Digital Invoice

January 2011

As a measure to control tax evasion, the Revenue Executive Department will implement the use of electronic billing.

Officials of the Department of Revenue will report on the implementation and which companies will be required to sell under this system.

"We will 'outsource' the automation of the invoicing process.

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