Mexico: New guidelines for issuing electronic invoices

Extension of the mandatory issuance of electronic invoices (CFDI) employing version 4.0

Extension of the mandatory issuance of electronic invoices (CFDI) employing version 4.0

Mexico’s tax administration (Servicio de Administración Tributaria) on 18 February 2022 published a second preliminary modification to the tax regulations regarding an extension of the mandatory issuance of electronic invoices (CFDI) employing version 4.0. The period is extended through 30 June 2022 (for CFDI issued under versions 3.3 and 4.0).

After 30 June 2022, all CFDI issued by Mexican taxpayers must comply with the provisions under version 4.0. The extension also applies to the introduction of version 2.0 of withholding and payment information regarding CFDI.

Version 3.3 was effective in 2017 and became the standard regarding the issuance of electronic tax documents. Version 4.0 was effective 1 January 2022 and continues several of the requirements established under version 3.3 but also introduces new measures such as:

  • Changes in the cancelation methodology
  • Inclusion of export information
  • Possibility to register more than one related invoice

KPMG observation

Compliance with the new electronic invoicing requirements represents a challenge for all taxpayers; it is a multidisciplinary task that requires cooperation among a company’s operative, administrative, tax, technology, and financing teams. Failure to comply with the electronic invoicing provision could result in sanctions and penalties. 

Entities need to identify and evaluate their e-invoicing process, including the quality and quantity of their customers data, technology, and personnel, in an effort to mitigate any potential tax exposure.

Read a February 2022 report (Spanish) prepared by the KPMG member firm in Mexico
 

For more information, contact a KPMG tax professional in Mexico:

Antonio Zuazua | +52 (81) 8122-1938 | azuazua@kpmg.com.mx

 

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