Costa Rica was one of the first countries in Latin America to roll out electronic invoicing, along with Mexico, Guatemala and Brazil. However, unlike them, Costa Rica so far has not brought out any regulations requiring the use of this technological system. Since 2009, Costa Rican taxpayers may voluntarily use electronic invoicing in their business, provided they comply with the tax obligations, technical specifications and XML structures set forth in DGT Resolution – 02 – 09.
In recent years, the Directorate General for Taxation has stated its intention to make the use of e-invoicing mandatory for some professionals. As of 2013, it was foreseen that some independent professionals, such as doctors, lawyers, engineers or dentist would be required to adapt to this system. However, in the end the project did not come to fruition.
Now, Costa Rica’s Finance Ministry is immersed in the draft review process concerning the legal and technical specifications for electronic billing, with the advisory services of GS1 Costa Rica, as well as a group of experts in the rollout of e-invoicing platforms on the continent, with EDICOM among them. With this new legislative framework, the government intends to eliminate the shortcomings from the current e-billing schema which limit its use on a massive scale, with a view to achieving a universal system that will lower running costs for companies, while providing greater fiscal control over business transactions with the administration.
The new e-signature and e-billing project includes the creation of a system that enables the gathering, processing and monitoring of invoice information. Although as yet unpublished, it is scheduled for release early next year. In addition, as declared by Director of Taxation, Carlos Vargas, to newspaper El Financiero, “electronic invoicing may become mandatory in 2015”.
An International e-Invoicing platform
EDICOM has developed an international e-billing platform, which automates a company’s entire e-invoice processing cycle, including the creation, issuance, receipt and storage of invoices in accordance with the requirements laid down by the Administration of each country, including Costa Rica.
Moreover, our e-billing platform provides important added value services, fostering efficiency in the day-to-day management of a company’s business processes, for example:
- Invoice publication service: The EDICOM e-Invoicing Platform automates the publication of invoices generated in a web portal, which can be accessed by users who do not have an e-solution for invoice reception. This way, 100% of your clients can receive documents in electronic format, considerably shortening the invoice payment cycle.
- Invoice reception service: EDICOM has portals for suppliers, a customized service whereby the vendor community can send out purchase orders and record their invoices. This way, receipt of all business documents in electronic format is guaranteed, automating 100% of your business management in a single technological platform.