Mexico: Validation of data in electronic invoices

All electronic invoices (CFDI) issued by Mexican taxpayers must comply with the provisions under version 4.0.

All electronic invoices (CFDI) issued by Mexican taxpayers must comply with the provisions

After 30 June 2022, all electronic invoices (CFDI) issued by Mexican taxpayers must comply with the provisions under version 4.0.

Taxpayers must validate various data contained in the CFDI under version 4.0 such as federal taxpayer registration; name, denomination or company name; and postal code of the address of the taxpayer—taking into account the obligation that taxpayers and employers will have to confirm the data that is incorporated into the payroll stamp. Up to 5,000 lines may be validated simultaneously.

KPMG observation

This compliance obligation represents a challenge for taxpayers’ operational, financial, administrative, technological and fiscal functions that stamp tax receipts, as well as for the payroll function, because correct implementation is necessary for tax deduction and accreditation.

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

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.