On July 1, the option of using the new CFDI version 3.3 came into force, prior to becoming mandatory on December 1, 2017. The process has already been validated with the SAT and is now up and running.
EDICOM is fully operational and ready to stamp invoices with the new version and implement the necessary requirements for rollout of the new add-on features.
EDICOM was the first PAC in Mexico and, since CFDI invoicing via Internet became mandatory, we have been working with the SAT on the development of the new electronic invoice, contributing our vision and experiences with clients to help simplify tax compliance.
In a worldwide ranking of e-invoicing expansion, Mexico would top the ratings. In 2015, the Tax Administration Service (SAT) rolled out the obligation to issue CFDI for all taxpayers, which finally led to massification of this technology. But what was the objective?
Although e-invoicing entails benefits such as encouraging innovation, the elimination of the paper in companies or economic cost savings, Mexico’s tax authority opted for this initiative to achieve two great goals: to simplify compliance and, most of all, to fight tax evasion. Now, a report published by the Monterrey Technological and Higher Education Institute concludes that introducing the CFDI has had a significant impact on tax evasion, one of the main economic issues dogging the country.
According to the Monterrey Technology Institute’s study, the obligation to issue CFDI, which came into force in 2015, led to growth in Income Tax (ISR) to the tune of 6,6% for legal entities and 21.3% for individuals. This is the most widely collected tax for the SAT, hence the importance of avoiding fraud.
Mexico’s tax administration is continuing with its policy to improve electronic invoicing as well as the online digital tax document. These improvements stem from the tax administration’s conversations with key actors involved in the digital transformation of the country such as entrepreneurs, accountants, system developers and providers that are authorized and certified.
After communicating the implementation of the new version (3.3) of the online digital tax document and the incorporation of the updates for some of its complements, the tax administration has now published some guidelines that will affect taxpayers in the next few months. They are as follows:
The first of these guidelines directly affects the mandatory use of version 3.3 and the migration to the new schema. Version 3.3 will go into effect on July 1, 2017, however, version 3.2 may continue to be used to issue invoices until November 30, 2017. As of December 1, 2017, the only version valid for issuing electronic invoices will be version 3.3.
As for the payment receipt complement, it will be optional as of July 1, 2017, but only with version 3.3 of the electronic invoice and it will be mandatory starting on December 1, 2017.
All of the improvements being made by the tax administration are aimed at improving data quality and increasing ease of use for taxpayers. Nearly 90% of taxpayers have already migrated to version 3.3 of the online digital tax documents. With its online digital tax document platform, EDICOM provides solutionsfor all types of businesses for simplifying and automating the task of sending and receiving online digital tax documents such as a receipts portal, a Vendor portal, CFDI payrolland Addendum Service.
The Mexican tax administration (SAT) has defined the way to manage payment advances with the new 3.3 version of CFDI.
The tax administration has indicated that the payment receipt complement will not be used for controlling advances, but rather a general online digital tax document will be used. The tax administration has defined the mode of operation for each step necessary for issuing a different online digital tax document.
First, a CFDIshould be issued for the amount of the advance with the following characteristics:
The attribute “type of online digital tax document” will be deposit.
In this case, the “related online digital tax document” node should not exist.
The description of the concept node must specify the advance of the good or service for which the payment is being made.
Second, the online digital tax document for the operation will be issued according to the total value of remuneration when receiving the rest of the payment.
In this case, the “related online digital tax document” node should exist. This way it will be possible to relate it to the first online digital tax document of the advance.
The UUID of the online digital tax document node should be registered.
In the final step, the online digital tax document for expenditures will be issued for the amount of the advance
The attribute “type of online digital tax document” will be expenditure.
In this case, the “related online digital tax document” node should exist.
In the unit value, the amount discounted as an advance before taxes must be recorded for each concept.
Anticipate all the changes for the online digital tax document for 2017
Mexico’s Tax Administration is carrying out specific updates on its CFDI, designed to ensure a better experience of using e-invoicing and to remedy incidents that are detected over time with the application of this system.
The first major change will come with the new CFDI version 3.3. The new version includes changes in structure, data format, data features and data pools/catalogues, as well as in validations and calculation rules. Specifically, we highlight the following changes:
New validation rules are applied to check the coherence of the data and prevent possible errors.
Twenty-three catalogues will be used to improve data accuracy, some of them internationally accepted. Through these, the information for certain fields will be designed.
The existing information will be integrated with the billing process, so that when submitting returns, some fields will be displayed prefilled.
The second change implies including a new complement, the payment receipt complement. The version 1.0 of this complement must be included in the CFDI issued to confirm the receipt of payments in partial instalments and in those cases where the amount due is received in a single payment, but this is not covered when CFDI was issued, even in the case of credit transactions which are fully paid at a later date than that of issuance of the corresponding CFDI.
The third change affects the cancellation of CFDI. In this update, the tax administration has defined in detail, the procedures for cancelling online digital tax documents. In particular, it has defined new rules for how the receiving company can cancel an online digital tax document that has been accepted as well as one that hasn’t been accepted. See more details about cancelling online digital tax documents.