When organizations first hear the term electronic invoicing, they often immediately think of accounts payable solutions. However, the real issue at hand for global companies is compliance - which encompasses not only supplier invoices, but also outbound invoices to customers (accounts receivables). This one word, compliance, will be the dominating meaning of electronic invoicing for the foreseeable future, especially for corporations looking to expand their business into Latin America. It all started in Brazil. But over the past 3 years, Mexico has also adopted a more intricate series of legislation and regulations around electronic invoicing.
Mexico’s Servicio de Aministracion Tributaria (SAT) has just released a new set of requirements that organizations will currently have to adopt by July 2012. These new mandates appear to be more similar to the Brazilian Nota Fiscal processes. In this first blog, we will cover some of the new changes and in future blogs will cover them in more detail.
Key Changes in 2012:
- Shipping Requirement: New requirement that all deliveries within Mexico must have the Comprobante (and UUID) as part of the documentation accompanying the truck for delivery. Otherwise the truck and its goods can be impounded with fines demanded before release. This is a significant change for customers that do not have their logistics and invoicing processes linked together today.