- The Mexican tax administration service (SAT) has updated its platform for filing monthly VAT returns for entities in the general regime.
- The new format includes preloaded information based on the amounts of e-invoices (CFDIs) issued and received in the calendar month.
- The preloaded information is based on payments made with the “payment in one installment (PUE)” method and payment complements issued and received in the same month.
- Taxpayers will receive a draft version of the monthly VAT return with data corresponding to payments collected or made during the month.
- Taxpayers can manually modify the information provided by SAT, but they need to reconcile it with the VAT calculation prepared by their companies.
- SAT may issue tax notices and invitations letters to clarify any potential differences.
- Companies should implement internal tax controls and technology for the issuance and receipt of CFDIs and payment complements to avoid differences in VAT returns.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
