Key Points:
Mexican Tax Administration system moving ahead with the new CFDI
rules with no apparent additional delays.
Extention for the application of the new CFDI "Payment
Reception Complementary Receipt" and CFDI cancelation
procedure coming in to efect on September 1, 2018.
Extension for the new "Payment Reception Complementary
Receipt" (PRCD)
As stated in our prior tax alerts of August 2017, the Tax
Administration Service (SAT) had announced two extensions for
taxpayers to start using the new PRCD. The last announcement set
September 1, 2018 as the new date. This means that starting on this
new date the use of PRCD will be enforced. We remind our clients
and friends that the PRCD will be required as part of the
documentation to be able to take a deduction for purchases and
expenses and also be able to take a credit of the value added tax
(VAT) paid for these transactions.
