Regulatory changes in Mexico will result in additional requirements for exporters. Mexican companies are required to report their taxable, commercial trade transactions to the Treasury Department (SAT) by submitting an electronic certified commercial invoice: a process known as CFDI fiscal reporting. According to Article 3.1.25[i] of the new, 2016 General Foreign Trade Rules, exporters must now declare the CFDI reporting number with each export declaration (pedimento).
Companies involved in non-commercial trade transactions which do not currently use CFDI fiscal reporting have been unsure if the CFDI and export reporting requirements apply to them. However, according to recent SAT guidelines[ii], CFDI invoice and export reporting requirements apply to all exporters of commercial and non-commercial transactions alike.
As of July 1, 2016, all exporters should be prepared to comply with CFDI, electronic invoice fiscal reporting and declare the CFDI reporting number with each export declaration (pedimento).
Questions regarding CFDI fiscal reporting and the new export requirement can be forwarded to firstname.lastname@example.org.
10 MAY 2016
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