Solutions for Mexican Tax Compliance with SAP
CFDI (Comprobantes Fiscales Digitales por Internet)
According to the Mexican fiscal law (Art. 1, 29 y 29-A of the Codigo Fiscal de la Federacion), issuing invoices in an electronic format is mandatory as of 2011. Starting on January 1, 2014 the CFDI (Comprobantes Fiscales Digitales por Internet) schema as described in Anexo 20 of the Mexican regulation must be used. This requires the transmission of invoices electronically to the government tax authority or proxy for verification and digital stamping prior to being submitted to customers for payment.
Implementing a process and solution to satisfy the federal mandate is not optional. We can help to integrate the enhancements necessary to satisfy the requirement and integrate it fully into your existing process, with little disruption. Contact us or look for one of our webinars to learn more.
Electronic Accounting for Mexican SAT reporting
On July 1st, 2014 an additional requirement was published for the companies submission of electronic accounting records, including:
- General Ledger (Due March 3rd, 2015 for the period of January 2015)
- Trial Balance (Due March 3rd, 2015 for the period of January 2015)
- Journal Entries (As required, if audited)
These files are to be produced using the approved format provided in Annex 24 and delivered to the SAT via the Tax Mailbox (Buzon Tributario).
Note there have since been notices delaying the requirement to publish these documents till the end of January 2015.
Our solution is currently beta testing, To learn more Contact us
Embrace and Extend - Our methodology is simple, use SAP as a foundation. Then, build advanced tools that extend the functionality but never affect the standard data or standard functions.
What this means to you.
Our solutions are built on top of standard SAP functions. Because we do not replace SAP functionality at anytime, your investment is safe. You can use our tools when necessary, but continue to use standard SAP tools in situations where the additional capabilities are not needed.