1-Checking expenses

As mentioned above, an important point is that the invoice will allow you to prove your expenses before the Ministerio de Hacienda or the Defensoría del Consumidor and to have a better control over your finances.

It is an effective way to make your annual tax return. In addition, as an individual, there are expenses that are incurred on an ongoing basis.

2-Tax deduction in the annual tax return

Sometimes there are expenses that an individual can't help but make and are constantly incurred, however, the good news is that these can be tax deductible.

If you don't have your bills, you could see your money squandered without seeing a single penny back.

3-Proof of ownership of assets

Having an invoice can help you prove ownership of a property when you sell it and prevent someone else from suing you by claiming that you own it.

4-Favors economic growth

In case of having a business, invoices contribute to the formalization of businesses and increase sales, since an establishment that issues invoices is more likely to become a supplier of a company by being able to invoice the expenses that it needs to prove in its declaration.

Translated by: A.M