What changes does the new SAT invoice have?By Jesús Sierra
The new voucher version 3.3, will be mandatory from December 1st.
Although it entered into force on July 1, the 3.3 invoice of the Mexican Tax Administration System (SAT) will be mandatory until December 1, 2017; however, both the government as well as financial experts recommend using it as soon as possible, so as to get accustomed to the elements that conform it.
The electronic invoice, also called by the SAT as CFDI (Digital Fiscal Certificates by Internet), will include some modifications for this version, such as different types of receipts, in addition to income (issued by taxpayer profits), egress (returns, discounts and modifications) and transfer (credit ownership of transfer merchandise); in addition, there will be two other features:
The receipt of payments (which seeks to facilitate the concordance between the invoices against their payments), and the payroll (which will be issued in case of remuneration of salaries, wages and assimilated), similar to an invoice of expenses.
Another objective of this new version is to prevent issuers from making mistakes, hence the modifications to the rules that allow validation through the RFC (the Federal Contributors Register); in case it is misspelled, the invoice will be rejected. This will prevent errors and customers from having to go months later to request modifications or cancellations.
These changes will give more work to the taxpayer but will allow the SAT to have greater certainty if the operations were performed or were only invoiced. Version 3.2 CDFIs issued after November 30 will not be valid.
- Mexico City, Thirsty and Sinking, Faces a Water Crisis
- Facebook's nightmare is about to get a lot worse
- Walmart opens its first 'Amazon style'store in Mexico
- Cancun 'spring breakers' welcomed with code of conduct
- “Sudan” the world’s last male white rhino dies in Africa
- Facebook tracks a scary number of details about you
- Cambridge Analytica suspends CEO amid uproar over Facebook data leak
- “Yucatan’s good public safety is attracting foreign direct investment”
- By 2021, at least 40% of Latin America's GDP will be digitized: IDC
- China’s ride-hailing giant Didi Chuxing is planning to hit Uber where it hurts
- Migrations will increase by 2050 due to climate change: Central Bank
- Warrant Sought to Inspect Cambridge Analytica