Wednesday, September 15, 2010

New e-Invoicing Requirements for Mexico - Read Here!

Crossgate, a company co-owned by SAP and developers of the SAP Information Interchange, announced this week support for the new e-Invoicing requirements coming out of Mexico.  These new mandates from Mexico SAT are set to take effect in January 2011.  I am told that some ERPs and backend systems will need signifcant work to support these requirements.

Here is an excerpt from one of my readers this week:

In a press conference held on September 3, 2010, Mexico’s SAT announced new compliance laws for electronic invoicing which will take effect January 1, 2011; and the impact on business processes will be significant for companies that haven’t prepared in advance. Many companies are still adapting to the major changes that went into effect in 2009 requiring companies to either obtain invoice forms from the government or adopt an e-invoicing solution to replace traditional paper invoices.

Based on the released information, the new compliance mandates being instituted next year in Mexico will:
  • Take effect January 1, 2011 
  • Eliminate folio numbers which are replaced by digitally signing and archiving an invoice with a valid timbre number 
  • Require regulatory compliance checks with government certified organizations for both senders and receivers of invoices
  • Invoices in excess of 2,000 pesos must be approved digitally
I will be gathering additional information over the next few weeks and posting it here.  I have many friends and contacts working on Mexico e-Invoicing projects, so please contact me with any questions and I will try to get them answered for you.
Author: Kevin Benedict SAP Mentor, SAP Top Contributor, SAP Blogger, Independent Consultant
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***Full Disclosure: I am an independent consultant that has worked with and for many of the companies mentioned. ************************************************

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