Friday, 25 August 2023 04:21

Electronic Invoicing in El Salvador: present and future of digitalization

Written by Evelyn Alas

Technology, which 20 years ago was seen as something too "futuristic", today, in 2023, is a daily currency; and it is being used in virtually any industry worldwide. Logistics, mass consumption, banking, retail, pharmacies, what industry has not used this resource to progress?

 

 

Now, there are several trends that since 2022 or perhaps a little earlier were already sounding, but that are having full consolidation this year:

  • Blockchain
  • Virtual reality.
  • Artificial Intelligence
  • Augmented reality
  • Electronic invoicing

Of all of them, the last one is one of the fastest growing, reaching the life of large companies, who decided precisely for the evolution, but also entrepreneurs, who have seen in it a great ally.

Electronic Invoicing in El Salvador

In El Salvador, manual invoices are being progressively replaced by Electronic Tax Documents (DTE), which are processed, validated and authorized by the Ministry of Finance.

According to the Ministry of Finance, until august 23, 2023, more than millions of DTEs have been received, 547 issuers of DTEs have entered the modality, more than 5.2 million liters of water have been saved by not producing paper invoices and 731 trees have been saved.

For Rafael Montero, CEO of GuruSoft, a company specializing in this area: "These data show a broad growth in the adoption of technology, but also a greater awareness of environmental care, which also benefits from this migration from the traditional mode to a more digital one".

How do I know if my company must issue DTE? This is one of the most important questions asked by companies in the country. For this purpose, the Ministry of Finance has notified them via e-mail regarding their respective date of obligation.

But the taxpayer can also find out voluntarily. Just follow this step by step:

1. Enter the section "Know date to be an Issuer"

2. Enter the NIT or DUI

3. Select the option "I am not a robot

4. Click on the "Search" button

5. And that's it! You will see the date

The groups that currently have a definite date are as follows:

First group: July 1, 2023.

Second group: October 1, 2023.

Third group: January 1, 2024.

GuruSoft El Salvador knows well the challenges of migrating to this technology, so it puts the best software specialists at your service. They have implemented Electronic Invoicing in El Salvador and 9 other Latin American countries.

They currently work with the largest companies in the country, who discovered in Electronic Invoicing a way to grow and look to the future.

 

Translated by: A.M