5 Major Developments in Mexico

5 Major Developments in Mexico

• Canada, Mexico and the United States: Three years of the USMCA

• CFDI e-invoicing – 4.0 delayed again to July 2023

• Mexico Gazettes List of Taxpayers Issuing Invalid Invoices

• List of 185 registered foreign providers of digital services (as of 30 April 2023)

• Mexican VAT Refunds are subject to a Drastic Change affecting Business Models in Mexico

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Customs

• Ban introduced on imports of goods made with forced labour

Deduction (Input Tax Credit)

• Mexican VAT Refunds are subject to a Drastic Change affecting Business Models in Mexico

• Mexico offers tax incentives to taxpayers who perform productive economic activities in the States of Oaxaca and Veracruz

• VAT benefits for economic activities in Isthmus of Tehuantepec

E-Commerce / Electronic Services

• List of 185 registered foreign providers of digital services (as of 30 April 2023)

E-invoicing

• CFDI e-invoicing – 4.0 delayed again to July 2023

• Mandatory RFC Validation Method in Mexico

• Payroll electronic invoice 4.0 (CFDI 4.0) mandatory beginning 1 July 2023 (three-month extension)

Free Trade Agreement

• Canada, Mexico and the United States: Three years of the USMCA

Implementation / Reform

• VAT benefits for economic activities in Isthmus of Tehuantepec

Invoice

• Mexico Gazettes List of Taxpayers Issuing Invalid Invoices

Refund

• Mexico offers tax incentives to taxpayers who perform productive economic activities in the States of Oaxaca and Veracruz

Registration

• List of 185 registered foreign providers of digital services (as of 30 April 2023)

VAT Identification Number 

• Mandatory RFC Validation Method in Mexico