After the facilities allowed by the SAT during 2017, some of the most important changes for CFDI have been postponed until 2018. We review the key dates in 2018 related to e-billing in Mexico.
- CFDI 3.3: Comes into force as mandatory on January 1, 2018. Version 3.2 will be withdrawn on December 31, 2017 to make way for version 3.3 only.
- Foreign Trade Complement: Version 1.1 will be the only version valid as of January 1, 2018. The SAT already granted a deadline extension during which CFDI could be used with COVE without the complement until December 31, 2017.
- Electronic Payment Receipt (Payments add-on): Continues to be optional until March 31, 2018. Mandatory issuance comes into force on April 1, 2018.
- The cancelling of invoices scheduled for January 1, 2018 is postponed until July 1, 2018. As indicated by the Ministry of Finance and Public Credit in these documents, issuers must send a cancellation request to the recipient of the CFDI to be cancelled through the Tax Mailbox.
- The Retail Complement may continue to be used with CFDI 3.3: The SAT has confirmed that this complement will remain active, so that those companies that already used it can continue doing so or those that wish to do so, have it available.
- Managing advance payments with CFDI 3.3: For the updated CFDI version, the SAT has defined how to manage advance payments by issuing a different CFDI for each moment of the transaction statement as a whole.–> Download the updated CFDI White Paper!
EDICOM is ready to stamp invoices with CFDI version 3.3
If you are already using the new CFDI version 3.3, EDICOM is authorized by the SAT to stamp these invoices. The process has already been validated with the SAT and production has begun. Taxpayers who have already implemented the new version 3.3 of CFDI will be able to stamp the invoices from the outset with EDICOM.
Did you know that using CFDI 3.3 and the Payment Receipt add-on saves up to $14.50 per transaction?
Rolling out the new version affects the analysis of the entire CFDI issuing flow, from capturing data from the recipient to the return statement of VAT due for payment. The outcomes of the SAT analysis can be seen in the CFDI 3.3 savings infographic.
First of all, when capturing the receiver’s data, only the RFC is required, which saves half the time.
Second, when it comes to identifying the author of the deposit and matching with settled invoices, the client may request the Payment Complement for the invoices indicated, which will facilitate the process, considerably shortening the time taken.
In third place, when the Payment Complement request is received, the origin of the resource will be known and this will reduce the number of unidentified deposits in bank reconciliation statements.
Finally, in the validation and calculation of the tax rates to be declared, the calculations will be validated by the PAC with CFDI version 3.3, which entails a saving in time.
In total, the time saved is 15 minutes per operation, with an economic saving of $14.50 per transaction.