November 1 2018: The Debut Day of the New CFDI Cancelation Process in Mexico has Finally Arrived. Are you Ready?
November 1, 2018
As previously announced by SOVOS TrustWeaver and after several delays in the implementation of the new CFDI cancelation process, the final deadline has arrived. The Mexican tax authority (SAT) has kept its commitment to not delay the implementation of the new CFDI cancelation process, as advised in their press release.
These changes are designed to eliminate market practice where a supplier would cancel previously paid CFDIs without informing the buyer. Since the buyer wanted to deduct the VAT based on a CFDI that was unknowingly cancelled by the issuer, the unilateral cancelation generates problems that SAT want to eliminate.
From today suppliers wishing to cancel CFDI invoices must request prior authorization from their buyers to do so, by issuing a cancelation request that will be communicated to the buyer through the buyer’s own tax inbox (in Spanish, Buzon Tributario).
For more information about the new cancelation process, download our white paper on CFDI cancellations, here: https://learn.sovos.com/electronic-invoicing/guide-to-cancelling-e-invoices-in-mexico
Francisco de la Colina, Legal Counsel, TrustWeaver