The Dominican Republic Prepares to Operate with the Electronic Invoice

The Dominican Republic Prepares to Operate with the Electronic Invoice

12/03/2019

The Dominican Republic has begun the process of implementing the Electronic Invoice or tax receipt (e-CF). For the time being, a pilot project has been launched with 11 important companies from different sectors that will help lay the foundations for the new billing system. With the e-CF, the General Directorate of Internal Taxes (DGII) aims to reduce the levels of tax evasion and ensure the effective collection of taxes.

The Dominican Republic has joined the e-invoicing revolution that has taken root in its neighboring countries who want to learn from their mistakes and their successes to improve the billing system quickly and agilely. The companies participating in the pilot project will help test the model that has been designed which will help anticipate the cases that could occur before extending the use of electronic tax receipts to other taxpayers.

Some characteristics of the electronic invoice in the Dominican Republic are:

  • It is an XML standard format.
  • It uses the fiscal tax receipt number. As stated in Decree 254-06 which establishes the rules for printing regulations, and issuing and delivering tax receipts, this is a sequential number granted by the tax administration to taxpayers who wish to issue tax receipts. Through this numbering system, the entity that receives the tax receipt can verify its validity and determine if it has been authorized by the tax administration and whether or not it was actually issued by the corresponding issuer.
  • It must include the digital signature both to guarantee its integrity and for the authentication of the interlocutors for security reasons. The use of a certificate (digital signature) is an essential part of the process as it is in the rest of the models that are already operating in Latin America.

Using the electronic invoice to be more competitive

EDICOM is a specialized provider of electronic invoice solutions. It currently operates in 70 countries around the world and for its clients, issuing or receiving electronic invoices or complying with tax obligations is simple. EDICOM guarantees compliance with legal and technical systems.

EDICOM is an electronic billing provider in Latin America (Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Peru and Uruguay). Furthermore, it is also in accompanying countries in Central America such as Costa Rica and Guatemala, which like the Dominican Republic have recently joined the digital transformation.

Using the electronic invoice in the Dominican Republic will not only result in an improvement in tax collection for the country, but it will make its economy and companies more competitive in a digitalized global environment and in Latin America which is at the forefront of electronic invoicing. Not using an electronic billing system would put the country at a disadvantage.  

Why is EDICOM a benchmark in electronic invoicing?

The quality of its electronic invoicing services is based on three fundamentals that have allowed it to become a technological partner in 70 countries:

  1. EDICOM’s platforms for sending and receiving electronic invoices are perfectly adapted to the specifications of the countries of origin and destination in which their clients must operate.
  2. Electronic invoicing projects are permanently updated with respect to the status of the regulations in the affected countries.
  3. EDICOM has a great level of knowledge about regulations that exist in regards to electronic invoicing at an international level. The proper management of this knowledge and EDICOM’s growing experience in international markets offer the best guarantee to address e-invoicing projects in any country.

e-Invoicing Platform

A single solution that lets you issue electronic invoices in any country worldwide

Check the latest news in...

Resources

E-Invoicing with the Public Administration in France
Learn about the public sector fiscal dematerialization project in France.