Compulsary Mexican e-invoicing in 2014 [UPDATE]

UPDATE 03 January 2014: Mexican national tax authority SAT has extended the deadline for taxpayers earning less than US$38,155 in 2012 to issue electronic invoices by three months.

Mexico’s taxing authority, the Servicio de Administracion Tributaria (SAT), announced last May 31 that all commercial invoice transactions sent by companies earning more than 250,000 Pesos annually must be submitted to the authority in a standard electronic format for approval effective 1 January 2014.

The mandate, which eliminates the use of the legacy CFD process, is expected to affect an estimated 500,000 companies, many of them multinationals with operations in the United States and Europe. Although the change has been expected for some time, the short notice has created a rush to bring systems into compliance before the end of 2013.

Related Posts

Comments are closed.