Twelve months after processing its first electronic invoice in Mexico, the combined services from OB10, the global e-Invoicing network, and Buzón E, a government-accredited e-Invoicing solution provider, are being used by leading multinational organizations from across the pharmaceutical, consumer goods, energy, technology and manufacturing sectors.
While these companies benefit from the advantages of compliant electronic invoicing and straight-through processing through the partnership, they are also set to comply with recently announced changes to Mexican legislation that will affect them and their suppliers.
Estimates suggest that from January 1, 2014, 500,000 more supplier organizations must comply with the e-Invoicing requirement, and adopt new processes and responsibilities. The Mexican tax authority, Servicio de Administración Tributaria (SAT), has mandated that companies earning more than MXN$250,000 (US$20,000) must submit invoices electronically. The previous revenue threshold stood at MXN$4,000,000 (US$300,000).
In addition, self-generated invoices, Comprobante Fiscal Digital (CFD), will be abolished. Organizations will only be able to issue Comprobante Fiscal Digital por Internet (CFDI) invoices generated by an authorized service provider like OB10/Buzón E.
International corporations from the US and EU are processing invoices in Mexico through the OB10/Buzón E service.
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