There are so many things that are attributed to bills. Many qualities and functions that are colloquially promulgated by even the authorities are repeated and repeated without actually being functions of these documents.
An invoice, in Guatemala, is a fiscal document of the VAT regime. Its function is solely to document the obligation to charge VAT on the sales of goods or provision of services, in the national territory. From this, let’s see what they are not:
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- Payment receipts. The invoice is not proof of payment, since article 34 of the VAT law clearly indicates that: «Time of issuance of the invoices. In the sale of movable property, invoices, debit notes and credit notes must be issued and provided to the acquirer or buyer at the time of actual delivery of the goods . In the case of services, they must be issued at the same time the remuneration is received .” In this way, when receiving goods, the invoice would document, in any case, the delivery of the good, but not the payment. In the case of services, the invoice must be issued at the time of payment, so it could indicate that it is proof of payment.
- Collection document. The VAT invoice is not a debt collection document. Although… Read more
