On Dec. 4th the Mexican SAT updated the rules related to Electronic Accounting. You can find the rules identified as the Seventh Resolution of Modifications to the 2014 Miscellaneous Tax resolution and its Annex 24 update here.
The main change for our customers with revenues over 4 million pesos
- Chart of Accounts
- Should be sent for the first time with the Trial balances by March 3rd 2015.
- It only needs to be sent again if there is a change and then it should be sent in the filing period corresponding to the date the changes were made.
- Trial Balances
- Filing is now for the period beginning with January 2015 and are due monthly with January reporting due no later then March 3rd
- XML format
- Enhancements were made to the XML format (Version 1.1)
- Accommodates use of customer digital seal and serial number etc.)
- New XML type were introduced to serve as auxiliaries. (More details to follow as we analyze the details).
- Enhancements were made to the XML format (Version 1.1)
We will update the these details as we learn more about the updated rules and what it might mean to our customers. SAP has acknowledged some of these changes and have several updates to implement the XML version changes, if you need help in implementing these changes please contact us.
If you are an active support customer contact your rep to see that we have scheduled your updates and scheduled a briefing on the changes .
Phillip Avelar is a Managing partner at Advanced Solutions, based in Chicago. He works with SAP enterprises to optimize their supply chains, increase productivity and challenges the status quo. He shares his passion for solving customers problems in his blog posts, industry articles and conference talks.