Mexico’s taxing authority, the Servicio de Administracion Tributaria (SAT), announced on May 31st, 2013 that all commercial invoice transactions sent by companies earning more than 250,000 Pesos annually must be submitted to the authority in a standard electronic format for approval effective Jan. 1, 2014. The mandate, which eliminates the use of the legacy CFD process, is expected to affect an estimated 500,000 companies, many of them multinationals with operations in the US and Europe.
Invoiceware’s eInvoice FastTrack solution for Mexico’s new requirements provides: an e-invoicing platform and ERP engines; Accounts Receivable and Accounts Payable Best Practices; multilingual project management; and guaranteed compliance.
In recent news, Chemtura Corporation, a specialty chemicals company, has selected Invoiceware International to deploy and manage their electronic invoicing processes in Brazil, Mexico and Argentina.
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