As always, there are constant changes and alterations to the laws for Latin America electronic invoicing. And, well we expect to see more out of Mexico towards the end of the year —
Here are some of the key amendments to the 2012 legislation that came out in September of 2012.
- Regimen fiscal to be mentioned in the “comprobantes” is repealed. The field still needs to be in the XML, but value can be N/A or any other word that means the same (Example: No Applica).
- Unit of measure. It will be possible to use any unit of measure in the “comprobante” based on the commercial needs. No particular value is required.
- Method of payment and the last 4 digits of account number are no longer required. (if not available or if the customer does not want to disclose they can use N/A or any word with the same meaning “No Applica”, “No Disponible” etc)
- The SAT will have a free solution for the emission of CFDI documents that will work without a PAC intervention. (available starting 10/1/2012)
- Partial payments: This rule remains the same for CFDI.
- Shipping requirements still the same. Shipments still need to be accompanied by the printed CFDI.
- The legacy CFD process is still allowed for the time being.
There are two take aways that I see here: the validations are being loosened and the government is moving more towards CFDI. In past blogs, we have discussed that the Mexico SAT seems to be on a similar path taken by the Brazilian SEFAZ. So in all of this information, I think it is key to note the availability of a free portal for CFDI production. The government is approaching the smaller invoice producing community in a similar fashion as Brazil did by releasing a government run solution. This will help to transition out the CBB which have been used by companies under 4 million pesos annually, and it sets a precedent of the government desiring and working towards further adoption of CFDI. With less than 10% of invoices transitioned to CFDI, your organization should understand the implementation plan when the government makes the transition mandatory. It is never a bad idea to have a back up plan when it comes to real-time and constantly evolving government compliance.