Technological Innovation of Electronic Invoices (CFDI)

Technological Innovation of Electronic Invoices (CFDI)

The electronic invoices (CFDIs) were born in Mexico in 2010, such has been its success for tax purposes that the fiscal authorities have been optimizing said tool since it is one of its main tools at the moment of make its main functions that is the tax collection.

 

When I am obligated to issue a CFDI?

 

Before entering fully into the afore mentioned topic, the obligation to issue a CFDI is born from the moment we obtain an income for tax purposes (for example for fiscal purposes the payments in advance are income) or when a tax withholding is made, for example, when you are the employer for withholding to social security and other contributions.

 

Transition period

 

Therefore from July 2017 as an effort to make more efficient the way to supervise, the enforcement authority has made an update to the version of CFDI 3.2 that will now be Version 3.3, however for such transition from the previous version to the Version 3.3 will be done gradually, so in the months of July to November 2017 it will be possible to issue invoices in both versions and it is mandatory only to issue CFDI 3.3 as of December 2017.

 

The main changes of the CFDI Version 3.3 are that there will be new catalogs which are:

 

• Customs
• Country
• Zip Code
• Currency
• Product or service key
• Unit of measurement key
• Payment method  
• Tax
• Rate or fee
• Type of CFDI’s connection
• Type of CFDI
Use of CFDI
• Customs clearance number
• Customs patent
• Tax regime

 

CFDI Use Catalog

 

Most of the adjustment/changes to CFDI are related to the way of how to generate it, so our goal is to verify that our suppliers make such adjustments to their systems so that these catalogs are added in the CFDIs we should issue.

 

However, the catalog that I consider to be of more relevance and not only in modifications to the software for the issuance of electronic tax invoices but also the fiscal impact that it can bring is the Catalog of Use of CFDI that has 16 concepts and which consists that each time that a CFDI is issued, we must select the use that our client is going to give to this invoice, whether it is an expense, inventory acquisition, fixed asset or another; since the use will be important to define the deductibility for tax purposes of said expenditure, if it is indispensable for the purpose of the entity.

 

We are sure that there will be changes or improvements in this catalog since there are coming problems with issuing invoices, for example when several products are sold for different uses, it would have to issue an invoice for each use something that would be impractical for companies or all taxpayers, they would use the catalog option to be defined and it would lose the purpose for which it was created.

 

CFDI for receiving payments

 

Another change to consider is in relation that all income must be identified from how it was collected if it was via check, wire transfer, etc., so that in credit operations it will also be necessary that once the collection was made is identified; this means that at least in this type of transaction there will be two fiscal invoices one at the time of the transaction, service render provision, etc., and the other once the collection takes place through a CFDI called payment receipt ; This obligation has the same deadlines as were mentioned in the catalogs so when using the CFDI 3.3 will apply this rule, so from December 2017 will be generally mandatory.

 

CFDI Cancellations

 

As of January 2018 a new mechanism will come into effect to cancel the operations agreed in a CFDI, which will basically consist of notifying the client via tax mailbox of the intention to cancel a document issued in their favor and so in the absence of any opposition In 72 hours will proceed with the cancellation.

 

It is very important is to have active the tax mailbox to avoid cancellations of invoices that do not proceed said request and is affected in the calculation of the contributions.

 

Some cases in which you will not proceed to send the notification are:

 

• Electronic invoices for amounts up to 5,000 pesos.
• CFDI by payroll.
• CFDI rate type (eg credit notes)
• Electronic invoices issued to customers who are small taxpayers (Incorporated Tax Regime RIF)
• CFDI Issued via the SAT website
• CFDI Issued to Foreigner Tax Residents

 

Finally, it remains to be said that it is important to carefully analyze the software that is used to issue electronic invoices since issuing a wrong invoice entails penalties and prejudice for its customer because it cannot deduct said voucher.

 

If you require further assistance, please contact us and one of our partners will review your specific case.

 

"This article may be contrary to the interpretation of the tax authorities"

 

By: Jorge Alberto Cadena Lobato, CPA, MTx

 

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