Breaking News: Mexico SAT Mandates CFDI 3.3 for 2017

Steve Sprague
December 9, 2016

Organizations will have until July 1, 2017 to go live.

The much anticipated CFDI v.3.3 has finally been mandated by the Mexico SAT.  This is one of the biggest changes to the CFDI schema since 2011. Versions 3.2 and 3.3 will apply simultaneously during the first half of 2017.

Some of the new validations for CFDI v.3.3 will include the following:

  • 23 new catalogs
  • time zones with respect to the place of issuance
  • transferred and retained tax according to catalogs
  • changes to payment type
  • use of different currencies other than pesos

Please click the following link to the SAT website for more details on the legislation: http://www.sat.gob.mx/informacion_fiscal/factura_electronica/Paginas/Anexo_20_version3.3.aspx

With this new version in place, the fiscal authority in Mexico will be able to collect more accurate transactional information and at the same time improve the quality of the data being collected.

Please listen to webinar replay to learn more about these upcoming changes during. Listen to webinar replay or contact us to understand how these changes may impact your organization. 

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Author

Steve Sprague

Steve Sprague serves as General Manager for international products at Sovos. His electronic invoicing and Business-to-Government reporting expertise stems from nearly 20 years of experience in the industry, with the last 10 years focused on the compliance regimes across Latin America and Europe. Steve manages International go-to-market strategy and field enablement which has led to the firm’s double-digit revenue/sales growth in the last three years.
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