As anticipated, Mexico’s Secretaríade Hacienda y Crédito público (SAT) has published on its official website confirmation of the update to Version 4.0 of the digital tax receipts (CFDI) and details of the main changes that will be in effect from 1 January 2022. This update takes place within the framework of the approved budgets and fiscal reform that the government is promoting, also to enter into force at the beginning of 2022.
The most far-reaching updates that will take place for invoicing are:
- An obligation to describe the name and/or business name of the sender and receiver, as well as the tax domicile.
- Additional fields to identify exported goods.
- Specification of whether the products or services invoiced are subject to indirect taxes.
- Specific fields are added for public operations in general, with additional information now obligatory or added. This also applies to operations carried out by third parties.
- Actualization of the invoice cancellation service, where it will be necessary to indicate the reason for the cancellation of tax receipts. There is a new option (“01 Voucher issued with errors”) where the folio of the voucher that is replaced must be related.
- The deadlines for the cancellation of invoices will be modified.
In addition to these changes, the payment supplement is also updated to a new version 2.0, which will include new features, such as fields for the identification of operations that are subject to taxes, as well as an additional field to summarise the totals of payments made expressed in national currency (MXN), including taxes passed on or transferred.
Finally, the version of the CFDI for withholdings is also updated to version 2.0, now mandatory, which incorporates the name and fiscal address of the receiver/ issuer and how to relate other CFDIs.
According to the statement published by SAT, there will be a transition period between 1 April and 30 April 2022, where the current version 3.3 and version 4.0 will converge.
Auxadi’s Mexico team is ready to talk you through how these changes may affect your operations or investments in the country – just get in touch.