This year marks the tenth anniversary of electronic invoicing in Mexico. On January 5, 2004, the Ministry of Finance and Public Credit, through the Official Gazette of the Federation, issued the first ever schema for the Digital Tax Receipt or CFD. Since then, approximately 9,000 million electronic billing transactions have taken place. This figure is set to grow in coming years as the CFDI becomes mandatory, making Mexico one of the most innovative countries in this area.
Read MoreMore than 9,000 million (9 billion!) electronic invoices issued by different companies and entities in Mexico the past decade displays the success of the Mexican Einvoicing initiative. It represents a major step in the country’s progress in its goal towards the development of e-government that provides greater efficiency, avoide the use of paper, to minimize fraud and to increase in public agility.
The successful implementation of electronic invoicing in Mexico has attracted much interest of the European Commission, as well as single EU Member States.
As from 1 April 2014, all individuals in Mexico who are obligated to issue invoices (e.g., business activities, professional services, leasing, incorporation regime) must issue them electronically. For these purposes, the tax administration service (SAT) announced that a new mobile application of the system “My accounts” (a free electronic tool to register income and expenses efficiently, fulfil tax obligations and issue electronic invoices) is available on the website of the SAT. The mobile application is available for Android mobiles and has the same functions as the system “My accounts.”
Read MoreAMEXIPAC is a non-profit organization that represents the leading e-Invoicing companies in Mexico. Our members are certified by Mexican Tax Authorities, (SAT) and as a group represent the majority of e-invoicing transactions issued in the country.
All AMEXIPAC members offer tax compliant e-Invoicing as well as value added services, such as sending and receiving solutions for different market verticals and segments, oriented towards improving customers´ business efficiency. AMEXIPAC brings together highly qualified legal and technical experts in order to meet the stringent requirements for e-invoicing in Mexico.
The implementation of these requirements by all members of AMEXIPAC have been set as a benchmark for e-Invoicing best practices in Mexico and Latin America.
We welcome a series of blogpost from Steve Sprague, VP Product Strategy InvoiceWare:
“In follow up to his first article: SAP Hybrid Cloud Proves Successful for Latin America E-Invoicing Compliance Part 1, He goes into further detail on why the Hybrid Cloud model is taking over as the leading solution choice for compliance across Latin America.
Late 2013 Target (a massive US retailer) revealed it had been targeted by a team of unknown hackers, who managed to gain access to the personal info (and credit card numbers) of a whopping 110 million customers. It was, as onlookers noted at the time, a “disaster,” and the impetus for at least one lawsuit.
Today comes news that the breach may have originated with Fazio Mechanical Services, a small heating and refrigeration contractor based in Pittsburgh.
The Supervisory Board of AuthentiDate International AG, a member of exceet Group, has appointed Mr Christian Methe as new Chief Executive Officer. In addition to business development responsibilities, he will assume management of the enterprise’s sales and consulting segments. As CEO of AuthentiDate International AG, Christian Methe now assumes responsibility for our global growth and yield-generating programs as well as the continued technological development of the enterprise portfolio.
Read MoreMarta Padilla Miguel started this discussion in our LinkedIN group: “According to the Portuguese normative and decree of 2010 (363/2010) one of our billing solutions was certified. Recently we have been warned that there have been changes or updates to the normative, so we were looking for them on the AT webpage but couldn’t find them. We found only circular letter 50000 from 2012. But then, looking at some other webpage, we found there is a new decree (340/2013), we tried to go through it and doesn’t seem to affect us. I have some questions on this.” Can you help here out?
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The famous daily newspaper “Die Welt” reported that Vodafone customers currently receive fake mobile phone bills by E-Mail.
Currently many companies suffer from this problem. Such E-Mails are created by foreign, criminal hackers to spy out confidential data, transfer payments or install malware/hijackware. For these customers, it is hardly impossible to recognize the fact that wrong sender on first glance.
Top 5 Reasons Why Brazil Nota Fiscal 3.1 prefers Managed Service Solutions over On-premise Solutions
The third part of this series on using the Brazil Nota Fiscal version 3.1 deals with the strengths of cloud and managed services over on-premise solutions. Especially issues concerning SAP customization and maintenance. This is mission critical especially if your organisation has a strategy of deploying a single instance of SAP ERP around the globe.
With so many complicated SAP issues, why do companies want to keep up with the legislation and constantly implement the changes? Especially, when the requirements are predominately the same for all companies? Managed Service providers provide two huge benefits over on-premise solutions..
