Mandatory Digital Invoice For Large Taxpayers

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.

"According to Abelardo Medina, Mayor of Operations of the Superintendency of Tax Administration (SAT), electronic billing facilitates the audit because audits are performed from the same offices of the SAT and costs are reduced for issuers by eliminating the use of paper and renting warehouses to store invoices.

For customers it means a reduction in the waiting time for getting an invoice and it gives them the option of receiving it by e-mail", explained Elperiodico.com.gt.

Source: elperiodico.com.gt

More on this topic

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.

Electronic Billing Obligatory in Guatemala

June 2010

In four months, all special taxpayers will be obliged to issue electronic invoices.

The “special taxpayers” group includes some 2.000 medium and large companies which account for 75% of the country's tax revenue.

“This allows companies to save costs related to paper and storage space. The tax authority (SAT), must authorize them to conduct electronic billing”, reported Prensa Libre.

Electronic receipts enabled in Guatemala

September 2008

The issuing of electronic receipts is now possible with the authorization of the agencies that will be in charge of its implementation.

Julio Villeda, superintendent of the Tax Bureau, commented that only one company, Guatefacturas, has completed the authorization process. However there are more that are in process and five of them could possibly be certified within a month and a half.

Electronic Invoicing in Costa Rica

May 2012

Advances have been made in the process to implement mandatory use of electronic invoicing from the second half of 2012.

Electronic invoicing has been used since February 2009 when the Directorate General of Taxation issued a resolution that enabled and set out the rules for its use. However, its generalization is a process that has been progressing slowly.