How convert to Mexican CFDI e-Invoicing [video-instruction]

September 25, 2013  |  Electronic Invoicing, Latin America

Mexico’s tax authority released a new set of mandates on May 31, 2013. This brings about some key changes. First of all legacy CFD is sunset and only valid through December 2013. This is a major change in positioning as the government has removed the “grandfather” clause that allowed companies that were doing CFD prior to January 2010 to remain CFD. Second, all companies with revenues greater than 250,000 Pesos (~20K US Dollars) will be required to issue and validate CFDI XML. This is change from 4 Million Pesos and will cover the overwhelming majority of businesses in Mexico. Third, Accounts Payable departments will need to validate supplier XML and archive the XML for 5 years.

With more than 500,000 companies affected, there is a lot of posturing by solutions in the market place. But what is important and can derail your transition is not the obvious, but what is in the details. In this session — we will discuss how Invoiceware International is helping over 250 of the Fortune.

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