Mexico Cracks Down on Exports with “Complemento Comercio Exterior” Requirement

February 8, 2017 Steve Sprague

Despite major initiatives to increase visibility into commercial transactions within its borders, Mexico’s tax authority, the SAT, has been dealing with a gap in information on exports. Current e-invoices and reporting requirements are not enough to identify and link Mexican exporters with foreign customers, but that will soon change. Starting on July 1, 2017, companies exporting from Mexico will not only have to comply with Mexico’s new e-invoicing schema – version 3.3 – but also will have to implement a new foreign trade complemento requirement (version 1.1).

Previously, the CFDI e-invoicing format was not used for foreign commercial exports. Instead, multiple documents were required, including a proforma invoice, proof of value (Comprobante de Valor Electrónico) and a customs form. Ultimately, this led to discrepancies between the documents and the potential for illegal activities and tax evasion. Now, these three submissions will be eliminated in favor of a standard CFDI format. Like other SAT initiatives, the goal of the Complemento Comercio Exterior is to simplify processes and better track exported goods, ultimately eliminating tax fraud.

The new commercial export requirement must be used when a taxpayer is permanently exporting goods to a foreign country, and will require 29 validations, including:

  • Tax ID of the buyer
  • Destination country
  • Brand name, part number, serial number or other key identifier of the goods exported
  • Value of the merchandise

Compliance with Complemento Comercio Exterior is timed in conjunction with CFDI v3.3, the largest update to the CFDI schema in years. There’s also another new coinciding regulation regarding payments that we’ll discuss more in the coming weeks. Combined, these updates will require several new catalogs and processes, so companies doing business in Mexico need to act fast to ensure they are ready to comply with these new initiatives. Watch our recent webinar on CFDI v.3.3 to learn more about these requirements and compliance best practices.

Previous Article
Spain Launches Real-Time Transactional E-Invoice Reporting Standards to Register 80% of Invoicing Volume
Spain Launches Real-Time Transactional E-Invoice Reporting Standards to Register 80% of Invoicing Volume

60,000 companies required to implement this new reporting standard

Next Article
[SAPInsider Webinar] How to adapt your SAP landscape to Mexico’s new payment and invoicing regulations
[SAPInsider Webinar] How to adapt your SAP landscape to Mexico’s new payment and invoicing regulations

In December 2016, Mexico announced the largest update to its e-invoicing schema in years. CFDI v3.3 is now ...

Compliance across Latin America is complex. Let's simplify.

Contact us