5 Major Developments in Mexico

5 Major Developments in Mexico

• The SAT publishes version 4.0 of the CFDI electronic invoice
• New binding Court Opinion on crediting of VAT on offsetting transactions
• List of VAT Registered Nonresident Digital Service Providers
• Travelers Having Issues With VAT Refunds At Cancun Airport
• USMCA panel rules against US position in automotive origin dispute

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Deduction (input tax credit)

• New binding Court Opinion on crediting of VAT on offsetting transactions

• Supreme Court: Offset of debts is not a form of payment of VAT for purposes of claiming a credit against VAT in charge

E-Commerce / Electronic services

• List of 182 registered foreign providers of digital services (as of 28 February 2023)

• List of VAT Registered Nonresident Digital Service Providers

• Mexico VAT digital services non-resident providers update

• List of 177 registered foreign providers of digital services (as of 31 December 2022)

Free Trade Agreement

• USMCA panel rules against US position in automotive origin dispute

E-Invoicing

• The SAT publishes version 4.0 of the CFDI electronic invoice

• CFDI 4.0 – Mexico Updates e-Invoice Format

• How does E-Invoicing work in Mexico

• SAT announces a new deadline for issuing CFDI 4.0

• CDFI Billing 4.0 and Payment Supplement 2.0

Real Time Reporting/Continuous Transaction Controls

• CDFI Billing 4.0 and Payment Supplement 2.0

Refund

• Travelers Having Issues With VAT Refunds At Cancun Airport

Registration

• Mexico VAT digital services non-resident providers update
• List of 177 registered foreign providers of digital services (as of 31 December 2022)

Reporting / Compliance

• Rules for issuance of tax compliance opinion (Nuevo Leon)

• Taxation and Collection Master Plan for 2023

• Mexico: Miscellaneous tax resolution for 2023, direct and indirect tax items

Taxable Amount

• Mexico: Figure of “compensation” not a payment of VAT (court decision)