Host­ed by: Finan­cials Com­mu­ni­ties and Accounts Payable SIG of SCM Communities

VIEW PRE­SEN­TA­TION

In Decem­ber 2016, Mex­i­co announced the largest update to its e‑invoicing schema in years. CFDI v3.3 is now a real­i­ty along with new e‑payment receipts and com­pa­nies doing busi­ness in Mex­i­co have until Decem­ber 1, 2017, to go live with these sig­nif­i­cant changes. To meet this dead­line, com­pa­nies must begin prepar­ing for these new gov­ern­ment stan­dard­iza­tions now. 

In addi­tion, com­pa­nies will need to val­i­date the data in their ERP sys­tems to ensure accu­ra­cy and avoid being fined ― with elec­tron­ic audits offi­cial­ly under way in Mex­i­co since Sep­tem­ber 2016, Mexico’s Tax Admin­is­tra­tion Ser­vices (SAT) orga­ni­za­tion is well-pre­pared to auto­mat­i­cal­ly iden­ti­fy any dis­crep­an­cies in sub­mit­ted infor­ma­tion. So what does all this mean for com­pa­nies with SAP landscapes? 

Attend this webi­nar and learn how these upcom­ing changes will affect your orga­ni­za­tion and what you can do to ensure a seam­less tran­si­tion to CFDI v3.3 for e‑invoicing and e‑payment receipts. You will learn how to: 

• Imple­ment new pay­ment receipt track­ing require­ments, which include send­ing the SAT a pay­ment receipt linked to the orig­i­nal CFDI once pay­ment is received 

• Apply the 46 dif­fer­ent data val­i­da­tions and stan­dard­iza­tion codes used for the SAT’s audit­ing process, includ­ing tax ID val­i­da­tions and codes for prod­ucts, ser­vices, and pay­ment types 

• Nav­i­gate the com­plex­i­ty of new con­di­tion­al fields, which can lead to require­ments for fur­ther details once infor­ma­tion is submitted 

• Put into prac­tice new stan­dards for for­eign trans­ac­tions, which require sub­mit­ting for ver­i­fi­ca­tion the tax iden­ti­fi­ca­tion num­ber for cus­tomers receiv­ing exports 

• Under­stand the new rules for tax cal­cu­la­tions ― for exam­ple, tax­es will be cal­cu­lat­ed for each indi­vid­ual line item as opposed to the over­all sum of an invoice. 

Speak­er:

Oscar Caice­do, Direc­tor of Latin Amer­i­ca Strat­e­gy, Invoice­ware by Sovos