Value Added Tax
Mexico: Changes to VAT Obligations, E-Signature and E-Invoicing
Part 2: Main Aspects of the 2nd Modification of the Miscellaneous Fiscal Resolution for 2020 In addition to the provisions related to digital services explained
Region: Mexico
Value Added Tax
Mexico: Changes for Digital Services Suppliers
Part 1: Main Aspects of the 2nd Modification of the Miscellaneous Fiscal Resolution for 2020 The Mexican Tax Administration (SAT) released the second modification of
Electronic Invoicing
Mexico: 3 Challenges of E-Accounting in your SAP process
E-accounting in Mexico is complex. Pagos and all other documents must integrate with eAccounting to maintain compliance. If any link in the chain is missing,
Electronic Invoicing
B2B Transaction Automation Platforms: Quantifying the VAT Compliance Advantage
In the past five years, transaction automation platform vendors who embraced e-invoicing and e-archiving compliance as integral to their services grew on average approximately 2.5
Mexico Enacts the 2020 Tax Reform
The Mexican Congress has approved the 2020 tax reform, The most important changes of this reform in relation to VAT is the establishment of a
1099
Prepare to Pay Taxes on Crypto Held in Foreign Accounts
The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report evaluating the IRS’s approach to regulating virtual currency (crypto) and the guidance it
Economic Nexus
From Alignment to Action: Transforming Tax Compliance on Your Terms
What’s your digital transformation strategy? Whether you’re in IT, finance, tax or the executive suite, if that strategy doesn’t include tax, you may
Economic Nexus
Aligning ERP and Tax: What’s the Enterprise Upside of Tax Compliance Modernization?
What’s your digital transformation strategy? Whether you’re in IT, finance, tax or the executive suite, if that strategy doesn’t include tax, you may
Economic Nexus
Tax & IT: How a Unified Compliance Vision Streamlines Digital Transformation
What’s your digital transformation strategy? Whether you’re in IT, finance, tax or the executive suite, if that strategy doesn’t include tax, you may
Electronic Invoicing
Hidden USMCA Compliance Pitfalls for American Companies in Mexico
As part of the recently updated “new NAFTA,” or USMCA, Mexico is enticing companies to move operations into its maquiladora zone of factories along the
E-archiving
“Trends” Report Excerpt: The Consequences of VAT Non-Compliance
The following is an excerpt from “Trends in Continuous Global VAT Compliance,” the 11th edition of the industry’s most comprehensive guide to e-invoicing, e-archiving and
E-archiving
Sovos Releases “Trends in Continuous Global VAT Compliance” Report, As Governments Accelerate Adoption of Real-Time Tax Mandates
11th Edition of annual report offers guidance for multinational companies scrambling to adapt to government-sparked digital transformation BOSTON, Dec. 10, 2019 — Global tax software
Tax Compliance
Mexican Tax Reform Introduces Anti-Abuse Rule
Mexico is introducing a tax reform to be enforced on 1 January 2020, implementing a general anti-abuse rule. Its aim is to increase governmental control
E-archiving
New Global VAT Compliance Report Provides Guidance for Multinationals
Companies are dealing with a fundamental shift in the way they do business with trading partners. In a rapidly increasing number of countries, there’s a
Electronic Invoicing
Extension of Mexican E-invoicing Mandate Puts New Pressure on Maquiladoras
A new wrinkle in Mexican electronic invoicing adds complexity to the e-invoicing process for maquiladoras, or foreign-owned factories operating along the US-Mexico border. Compared to
Electronic Invoicing
A Guide to the E-invoicing Universe in Mexico
What do all the Spanish words and phrases associated with Mexican e-invoicing mean, and what do companies doing business there need to know as they navigate around them? Here is a map to the Mexican e-invoicing universe.
Electronic Invoicing
Why Clearance E-invoicing Is Both Inevitable and Positive for Businesses
Clearance-model e-invoicing will sweep the globe because it works – at least for tax administrations. With the VAT gap opening to more than half a
Accounts Payable Automation
E-invoicing: Optimization Strategies to Withstand the Digital Tax Tsunami
The great corporate awakening Many corporations that previously saw e-invoicing mandates as a developing country problem are now realizing that invasive transaction-based digital tax controls