Mexico SAT Mandates CFDI 3.3 for 2017

Organizations will have until July 1, 2017 to go live.

The much anticipated CFDI v.3.3 has finally been mandated by the Mexico SAT.  This is one of the biggest changes to the CFDI schema since 2011. Versions 3.2 and 3.3 will apply simultaneously during the first half of 2017.

Some of the new validations for CFDI v.3.3 will include the following:

• 23 new catalogs
• time zones with respect to the place of issuance
• transferred and retained tax according to catalogs
• changes to payment type
• use of different currencies other than pesos

Please click the following link to the SAT website for more details on the legislation:
http://www.sat.gob.mx/informacion_fiscal/factura_electronica/Paginas/Anexo_20_version3.3.aspx

With this new version in place, the fiscal authority in Mexico will be able to collect more accurate transactional information and at the same time improve the quality of the data being collected.