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Ministry of Finance exposes reforms for Electronic Billing

The Government of President Nayib Bukele continues to advance in an ambitious digital agenda that seeks to modernize all the services offered by the State to its citizens. Within this framework, the Ministry of Finance executes the Electronic Invoicing project, which seeks to modernize the tax administration through electronic documents that make the transfer of information more efficient and immediate and improve controls.

In this sense, the general director of Internal Taxes, Marlon Vásquez, was delegated to participate in the Finance Commission of the Legislative Assembly on August 29, with the purpose of expanding on a request for reforms to the Tax Code, which establish effective controls and transparent so that Electronic Tax Documents (DTE) have probative value in taxpayer transactions.

These reforms are necessary to adapt the existing technologies and incorporate the concepts derived from the DTE, as well as their operating processes and other aspects that seek to give legal scaffolding to these modern provisions.

Some of the benefits of using DTE with the Electronic Billing project are: 

  • Simplification of processes for taxpayers and reduction of errors.
  • Strengthen controls for compliance with tax obligations.
  • Increase in tax revenue collection.
  • Dynamization of business activity.
  • Lower costs.
  • Saving of resources. 

The Ministry of Finance will enable a portal for the issuance of DTE, which will bring many benefits to small and micro companies that do not have an established system.

“By automating these tax processes, economic and business activity is boosted, we reduce operating costs and we carry out an easy and free implementation with the support of the Ministry of Finance”, the director pointed out.

After the exhibition, the Finance Commission issued a favorable opinion on this initiative by the President of the Republic, confirming the nation’s commitment to developing an intelligent Government that is at the forefront of world innovations.

Source: gob.sv

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