Breaking News: Mexico SAT Mandates CFDI 3.3 for 2017

December 9, 2016

Steve Sprague

Author

Sovos

This blog was last updated on August 4, 2021

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.

Steve Sprague

As Chief Commercial Officer, Steve Sprague leads corporate strategy, market penetration initiatives, and field enablement for the company's global value-added tax (VAT) business. Steve's leadership style is based on his belief that for organizations to succeed, they must commit to and invest in the company's three strategic pillars: people, practices, and products.

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