Retailers are already implementing Big Data tools such as location intelligence and foot traffic analytics to understand consumer mobility patterns, measure foot traffic at each store, understand the performance of their outlets, and estimate competitor turnover.
A competitive analysis begins by defining the target and its scope, exploiting different sets of structured and unstructured data available thanks to innovative tools that help to identify and measure competing brands and estimate their sales.
With Big Data tools that help analyze large volumes of information like predictive models,location intelligence and mobility data, it's possible to generate a competitive analysis, which consists of identifying the main competing companies and estimating their turnover, quantifying their potential sales, identifying gaps in the market, predicting the cost of developing new products, discovering trends, among others.
As part of the process of digitalization of tax procedures, as of July 1, 2021, taxpayers who register with the Superintendence of Tax Administration will be added to the Online Electronic Invoice regime.
Data from the Superintendence of Tax Administration (SAT) show that as of March 2021, 265,620 taxpayers had already registered in the Online Electronic Invoice (FEL) regime.
In Guatemala, starting in February 2020, the small and medium-sized commercial, service and industrial businesses that receive EEGSA's service will be charged new tariffs, which will vary according to the schedule in which the companies consume energy.
Empresa Eléctrica de Guatemala, S.A. (EEGSA), which distributes electricity service in the departments of Guatemala, Escuintla and Sacatepéquez, reported that to implement the changes in the calculation of bills it invested $10 million in the purchase of smart meters, which are necessary to apply hourly rates.
Starting in April, purchases made by the State of Guatemala in amounts greater than $11,500 must be made using an online electronic invoice.
According to the Ministry of Finance, the willingness to pay through an online Electronic Invoice FEL applies to public purchases in the modalities of Tender, Quotation, Open Contract or Reverse Electronic Auction.
Starting next month, companies and individual taxpayers in Guatemala will be able to enroll in the online electronic billing system, which for the moment is not mandatory.
This year the Superintendency of Tax Administration (SAT), created an agreement which makes available to all taxpayers the ability to issue of Electronic Tax Documents (DTE) such as invoices, debit and credit notes, receipts and other documents authorized by the institution.
Details of the new agreement on the Online Electronic Invoice Regime, taxpayer segments and the deadlines for their incorporation into the regime.
From a tax memorandum by Tezó and Associates:
In September 2007, through the Agreement of Directory Number 24-2007, the SAT implemented the "Optional Electronic Invoice Regime" - FACE 1- and as its name indicates, use of Electronic Invoices was optional for taxpayers.
Electronic invoices not only reduce operational and administrative costs but also produce better competitiveness among businesses by increasing fiscal transparency in the market.
The slow pace with which the process for establishing the mandatory use of electronic invoices in Costa Rica has been carried out has prevented companies and the treasury itself, from being more efficient, in the first case in terms of controls and in the second of the collection of taxes.
The Tax Authority has announced the implementation of its program of massive audits of firms for March and April.
From a statement issued by the Superintendency of Tax Administration (SAT):
The Tax Authority within its functions to monitor compliance with tax obligations and billing for services and sale of products, is now conducting checks on billing and fixed points at different types of existing businesses.
The Union of Restaurants in Guatemala is opposed to the inclusion of the amount of tips on bills charged to customers.
The position of the Tax Administration to include gratuities within bills has generated the discontent of the Union of Guatemalan Restaurants (Gregua). The Guild has filed a constitutional complaint against it, but nothing has yet been resolved regarding the matter.
The Tax Authority has confirmed that these bonuses must be added to bills.
Under a proposed amendment to the Tax Update law, tips must be taken into account when calculating Value Added Tax (IVA by its initials in Spanish).
The Tax Authority has determined that "Taxpayers who give bills for sales or services must include the amounts paid to them by their clients including tips.
Before the end of 2012 the largest contributors are required to issue electronic invoices according to the disposition of the Guatemalan Tax Administration.
The obligation extends to companies that emit more than 1 million invoices per year. Gradually those with between 1501 and 3,000 a year will be incorporated . The process ends in March 2013 with the addition of issuers of between 0 and 500 invoices per year.
Cellular phone companies had revenues of $3.68 billion in Central America during 2008, an increase of 23% over 2007.
In the revenue breakdown, the growth of billing for content services is highlighted, and within these services SMS (short text messages) are included. These are the most important segments with $376 million billed in 2008. The set of content services grew from $276 million in 2007 to $480 million in 2008.