12 December 2017
Steve Sprague

Latin American E-Invoicing

Steve Sprague - Invoiceware International

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Mexico Updates eAccounting focusing on Corporations for 2015

08 December 2014  |  2090 views  |  0

The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While 2014 data is no longer required, the core requirements are now more detailed. So while the go-live date has transitioned from January 25 to March 3rd, this doesn't mean you should delay your implementation. 

 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.

 

TagsRisk & regulation

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job title VP Product Strategy
location Marietta
member since 2012
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Steve Sprague has been working in the electronic invoicing and middleware integration space for over 13 years. As VP, Product Strategy & Marketing for Invoiceware International, Steve manages product...

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