SAT Postpones Full Implementation of New Electronic Tax Invoices & Receipts
Authors: Martin Martinez & Raul Montemayor, Mazars Mexico
On July 18, 2017, the Mexican Tax Administration Service (SAT) announced in the Official Gazette the implementation of a new version (3.3) of the Mexican tax invoice (CFDI) and an additional obligation to issue an electronic tax receipt upon settlement of each CFDI. The expected implementation date for both was December 1, 2017.
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On November 22, 2017, the SAT issued a press release on its website delaying the deadline for implementing version 3.3 until December 31, 2017, and also extending the deadline for implementing electronic tax receipts to March 31, 2018.
The SAT press release also highlighted the following:
- Version 3.3 of the CFDI and complementary electronic tax receipts can be issued as of July 1, 2017.
- Companies can still use version 3.2 until December 31, 2017.
- Version 3.3 will be legally enforced for all invoices issued as of January 1, 2018.
- The issue of complementary electronic tax receipts will be optional up to March 31, 2018.
- A new process to approve the cancellation of a CFDI will be enforced as of July 1, 2018.
- Up to June 30, 2018, companies can correct the unit of measure and the code for their products or services without incurring a penalty for using an incorrect code.
We’ll strive to keep you updated as we learn more on these matters.
Through our Praxity, AISBL alliance, Praxity™ member firm Mazars Mexico, we will be prepared to offer the necessary advice, training and assistance to help our clients implement these new regulations.
Contact Martin if you have questions.