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.
The Ministry of Finance of Costa Rica tenders technological services in the cloud for the migration, operation, monitoring, support and maintenance of the system for receiving and validating electronic invoicing receipts.
Costa Rica Government Purchase 2020LN-000004-0009100001:
"Lines to be contracted:
-Migration of the Electronic Invoicing Voucher Reception and Validation System and implementation.
During the state of health emergency in the country, taxpayers who cannot use tax equipment and billing systems because their shops or offices are closed will be exempt from using these tools.
Following the spread of covid-19 the General Directorate of Revenue (DGI) explained that businesses may stop using fiscal equipment and invoicing systems, however, these taxpayers are required to document their operations through equivalent reports such as manual or pre-printed invoices, thus complying with the formalities established by law.
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.
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.
With the aim of better publicizing the operation of the Single Declaration, it was agreed to postpone the entry into force of the document until May 7, 2019.
The entry into force of the Central American Single Declaration (DUCA) had initially been set for April 1, 2019.
From the statement of the Single Window for Exports of Guatemala:
March 28, 2019. The Customs Office of the Superintendency of Tax Administration (SAT) informs that the Council of Economic Ministers (COMIECO) in a meeting held on March 28, 2019 in Guatemala City, through Resolution No. 410-2019, agreed to postpone until May 7, 2019, the entry into force of the Central American Single Declaration (DUCA) which had been set for April 1, 2019.
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.
In Honduras, rebates and discounts applied to sales should be detailed on the invoice, a change with which the business sector would disagree if the government decides to collect taxes on the discounted amount.
On March 1, the changes to the invoices, which were imposed by Agreement 817-2018, came into effect. Among them, it is important to note that the fields for discounts and rebates must be included in the format of the document.
Now customers who receive their digital receipt in Costa Rica will have eight business days, from the first day of the month following the transaction, to inform the Treasury of the rejection or acceptance of the invoice.
Prior to this modification, which was published by the General Directorate of Taxation on February 20 in the official newspaper La Gaceta, the client had eight working days from the time of receiving the electronic receipt to inform the Tax Office of the rejection or acceptance.
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.
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.
In Costa Rica, companies in the agricultural and fishing sectors will not have to use the mandatory electronic receipt system until October 2019.
The government has decided to postpone the entry into force of the electronic receipt system for these two sectors, with the aim of having more time to better implement the system and solve the problem of internet access that several producers claim to have.
In Costa Rica, more than 20 companies have complained that performance of the Ministry of Finance's electronic receipt system is very poor and that it collapses when companies such as telephone companies process receipts on a large scale at the beginning of the month.
In response to the complaints made by companies using the system, the Ministry of Finance defended itself stating that the system has no problems and, worse, that they are concerned that "... complaints [are being made] with data and figures whose origin is unclear"
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