Mexico eContabilidad - Dec 4, 2014 SAT updates foc...
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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.
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
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.
