Mexico has spent the best part of 2014 implementing new
tax requirements; our Americas expert gives a quick overview of the
latest.
In an effort to be more transparent and accelerate tax
processing, the Mexican Tax Authorities (SAT) implemented a
series of new rules during 2014, including new rules on when and
how to submit electronic accounting information as part of
mandatory tax filings.
What do you need to do?
Awareness and action for each of these rule changes is the
responsibility of the filing entity so we want to ensure you know
about them and can make the necessary adjustments in your business
in order to remain complaint and avoid substantial penalties.
You need to maintain accounting records through electronic
systems that can create XML format files; those files must
include:
