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This post is the first in a series on South and Middle American electronic invoicing. Brought to you by InvoiceWare. InvoiceWare is out latest member of the E-invoicing Platform.
Compliance. It is THE dominating meaning of electronic invoicing for the foreseeable future in South and Middle America. Especially for corporations currently operating or looking to expand their business into Brazil, Argentina, Chile, Columbia, and so on.
But now compliance has now also become THE dominating meaning of einvoicing in Mexico. This because Mexico has adopted a intricate series of legislation and regulations around electronic invoicing.
This post is part of a series of items on electronic invoicing in the Americas, brought to you by InvoiceWare. Please visit the profile page of InvoiceWare for an overview.
Electronic invoicing in South and Middle American countries
Latin American countries are operating the most sophisticated electronic invoicing solutions in the world. And as each month passes, more countries are following the trail of Brazil.
Argentina’s AFIP announced compulsory mandates, and there are more countries to follow in 2012. These real-time web service validations go far beyond a digital signature and archive which is often associated with European e-Invoicing.
Don’t under estimate the ERP configurations and changes that you will need to install as Latin American e-Invoicing is about the government mandated process.
Servicio de Aministracion Tributaria
Mexico’s Servicio de Aministracion Tributaria (SAT) released, in December of 2011, a new set of requirements that organisations have to adopt by July 2012. These new mandates appear to be more similar to the Brazilian Nota Fiscal processes.
Mexico SAT – Key Changes in 2012 for CFDI v3.2:
Shipping Requirement:
A new requirement that all deliveries within Mexico must have the Comprobante (and UUID) as part of the documentation accompanying the truck for delivery. Otherwise the truck and its goods can be impounded with fines demanded before release.
This is a significant change for customers that do not have their logistics and invoicing processes linked together today. Yes there are discrepancies even within the legislation and articles; however, to follow the letter of Article 29 in the Diario Oficial of December 2011.
Account Number
Emisor are expected to know and report the last 4 digits of the account numbers that their customers use for payment.
Fiscal Address
The street and address will no longer be required, but the country, state and postal code still will.
Installment Payments
For installment payments, the emisor must send an invoice for each payment, plus an “informational” invoice to document the entire amount.
Related Posts
- Norway to accept only e-invoices as from 1 July 2012
- Do you need compliant e-invoicing in Mexico? Call OB10!
- Electronic Invoicing in Mexico is now mandatory, effective immediately
- Electronic invoicing switch for Kazakhstan as from mid 2012
- Greece to start with full scale e-invoicing from early 2012
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