Mexico: Extended deadline regarding rules for cancelling electronic invoices

The deadline for cancelling certain electronic invoices is extended to 31 December 2022

The deadline for cancelling certain electronic invoices is extended to 31 December 2022

The fourth resolution of modifications to the miscellaneous tax resolution 2022 (cuarta resolución de modificaciones a la resolución miscelánea fiscal 2022), published in the official gazette on 9 June 2022, includes the following provisions:

  • The deadline for cancelling electronic invoices (CFDI) issued before fiscal year 2022 is extended to 31 December 2022, as long as the established requirements are met. Previously, the deadline was 30 September 2022, and only CFDIs from years prior to 2021 were considered.
  • In accordance with the reform of the Federal Tax Code for 2022, taxpayers who are related parties of the subjects required to report their financial statements by a registered public accountant are required to submit information on the tax situation (ISSIF) if they have engaged in transactions with such subject during the fiscal year in an amount exceeding MXN 13,000,000 for the performance of business activities or MXN 3,000,000 for the provision of professional services.

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

 

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