Mandatory Electronic Invoicing in Mexico
Learn how to get your company ready to exchange documents in accordance with regulations in Mexico with the support of Comarch
Learn how to get your company ready to exchange documents in accordance with regulations in Mexico with the support of Comarch
E-invoicing regulation in Mexico has been introduced gradually to become mandatory for all taxpayers from 2014. Mexico was the one of the earliest countries to implement that solution and is considered as a pioneer in the LATAM region.
The use of the services of the Mexican tax authorities, called SAT services, is mandatory for issuing invoices (in the case of electronic invoices, this has been delegated to certified PAC providers).
The issuer must communicate the invoice to the recipient within three days following issuance. The issuer has to be capable of providing a printed copy if this is required by the buyer.
Each invoice must be signed with the supplier's CSD (certificate issued by the tax authorities) and then sent to the Provincial Administrative Court. The PAC is obliged to verify the XML format and the signature, assign the folio (UUID), sign with the key provided to the tax authority. PAC performs these processes known as "Timbrado" and returns the result to the supplier (or service provider).
Required storage period is 5 years
Mandatory XML format specified by the Mexican tax authorities (‘SAT’), i.e. domestic CFDI and CFDI for export transactions.
We have 20+ years of experience in carrying out various EDI, e-invoicing, and other document exchange projects around the world. In those years, we have successfully connected more than 130,000 entities from over 60 countries.
Full compliance with the latest data exchange regulations and modern data transfer standards
Applying new technologies and IT solutions in order to streamline workflows and automate activities and procedures
Tailor-made solutions based on processes specific to each company – own road map and a suitable pace of changes
Highest level of security for all sensitive and important company data
If your company is based or has branches in the Mexico and you need to prepare your billing and tax systems to comply with the new requirements. Click on the button below to get in touch with one of our experts.