Mexico eContabilidad - Dec 4, 2014 SAT updates focus on Corporations in 2015

December 8, 2014

The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While 2014 data is no longer required, the core requirements are now more detailed. So while the go-live date has transitioned from January 25 to March 3rd, this doesn't mean you should delay your implementation. 


Watch our 20-minute overview to understand the key changes and how they will affect your company going forward.

Key changes include:

  • Reports are required as of January 2015 for all multinationals that produced more than 4 Million Pesos of revenue in 2013.
  • Reports are due no later than the 3rd day after the second month following the period - which means that January is now due no later than March 3rd, 2015
  • Chart of Accounts - has become more complicated with even more granularity and a clarification that data should be mapped to the level 2 definitions
  • Trial balances- Journal Summaries - are due monthly, but only for 2015 data. You no longer need to provide 2014 data.
  • Journal entries - these are mandatory to be created and must be submitted upon the government's request or if you request a tax refund or compensation back. The UUID is still the key to all of these requirements
  • They have added additional complexities as well with expansion of the requirements, so don't delay - projects need to start in December to meet the deadlines.

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