As of 1 January 2014 all individuals and companies that bill more than 250,000 pesos annually will be required to issue their invoices as CFDI (Digital Tax Invoice via Internet). However, with barely 3 weeks left to go until this amendment to the Tax Code comes into force, there are still more than five million taxpayers who have not yet migrated to the new system.
To facilitate adherence to CFDI, the Tax Administration Service (SAT) has a free Tax Registration tool which taxpayers can use to state their income at the end of the day. Once the information has been sent, it may be considered a global invoice.
Nevertheless, contracting a PAC (Authorized Certification Provider)brings greater advantages, since they take care of stamping the document and declaring it to the Administration without the taxpayer having to lift a finger. Unlike the free tool from the SAT, this allows you to attach logos, non-fiscal information and other sections. In addition, all PACs in Mexico provided free CFDI issuance solutions for taxpayers with low-volume billing.
As for the SAT facilities to encourage migration to CFDI, last week some digital media reported that the digital seal was no longer going to be a necessary requirement for natural persons. To issue CFDI, all these individuals would need would be their RFC and advanced electronic signature (FIEL). However, the SAT has not so far confirmed this information, so electronic identification through these certificates is still necessary.
If you are still invoicing using the old CFD system, you must migrate to CFDI immediately, as the deadline is due to expire soon. For further information on electronic invoicing, you can check out this website: www.cfd-cfdi.mx (only available in english).
EDICOM, first PAC in Mexico
EDICOM is the first PAC in Mexico and the most inclusive in the market. We are endorsed by certificates such as ISO, SOX and NOM151 (electronic notary). In addition, our service availability is 99.9 % of the contracted time, a commitment set forth in the Service Level Agreement.