Honduras: Electronic Billing Mandatory

A new billing system is in effect and all registered companies are required to provide receipts using the new documentation required by the Executive Directorate of Revenue.

Tuesday, September 1, 2015

Despite widespread opposition from the private sector, who assert that the payments of sales tax by companies who turnover at least $16,000 a year will have serious negative effects, the new billing system implemented by the Executive Directorate of Revenue (DEI) has come into effect.

Laprensa.hn reports that "... With the new tax system the tax base at the end of last week had expanded to 89.740 companies; ie 8,740 more than was recorded in March this year, when the total was 81,000. "

In the view of Jorge Illescas, former executive director of the DEI, although the system will help reduce tax evasion and increase revenue collection of ISV, improvisation with which the whole process has been developed could limit the results. He considers that this was not the right time to implement electronic invoicing. 'It should have been done gradually, dividing up large and small companies. In other countries this takes years to implement. "

More on this topic

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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.

New Tax Law in Effect in Honduras

January 2014

The recently published new legislation establishes an increase of 12% to 15% in sales tax.

The Law on Ordering Public Finance, Control of Exemptions and Antievasion Measures includes 72 foods which had been excluded from payment of Sales Tax (ISV by its initials in Spanish) among which are ribs of beef, pork, chicken, natural cows milk, pasteurized milk, whole milk powder, butter and others.

Guatemala: Electronic Billing for Large Enterprises

August 2011

Large taxpayers must issue electronic invoices, according to a Tax Administration bill.

Starting next year, companies who issue between 1 million and 100 million invoices per year must comply with the new regime, and each month groups with smaller ranges will be added, ending in 2013.

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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