20 Minute Overview of the Mexico eContabilidad 2015 Updates

Mexico’s tax authority updated their eContabilidad requirements doubling down on the initiative. Key changes include:

• Reports are required as of January 2015 for all multinationals that produced more than 4 Million Pesos of revenue in 2013.
• Reports are due no later than the 3rd day after the second month following  the period – which means that January is now due no later than March 3rd, 2015
• Chart of Accounts – has become more complicated
• Trial balances- Journal Summaries – are due monthly, but only for 2015 data. You no longer need to provide 2014 data.
• Journal entries – these are mandatory to be created and must be submitted upon the government’s request or if you request a tax refund or compensation back. The UUID is still the key to all of these requirements
• They have added additional complexities as well with expansion of the requirements, so don’t delay – projects need to start in December to meet the deadlines.

Check out this 20 minute recorded webinar on the changes for 2015.