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.
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.
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.
A free virtual seminar has been organized for July 4, on the topic of implementation of the Central American Single Declaration.
A free webinar organized by the Secretariat for Economic Integration (SIECA) entitled "Implementation of the Central American Single Declaration (DUCA)", and will be held online on July 4, from 9 am to 11 am.
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.
From April 1st 2015 the only documents needed to send products to the Indian market will be the air declaration, the commercial invoice and bill of entry.
From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):
India has decided to simplify procedures for imports, which will reduce costs and time and aims to improve the country's position in the ease of doing business list produced by the World Bank.
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.
Starting February 25th, goods declaration documents will be transmitted electronically to the Customs Service Information System.
From February 25th Documents Supporting Declaration of Goods in the Customs System Information Service will be transmitted electronically. This is a pilot program that will start running in the Customs Office of Puerto Barrios, Izabal and then will gradually be implemented in all customs offices in the country.
español
3227
