Mexico’s 2014 tax reform launched a requirement for taxpayers to submit certain accounting records to the tax authorities. The rules for this new reporting requirement were published in the official gazette on 4 July 2014. This new amending guidance provides new deadlines and details regarding this new requirement.
According to the new rules, taxpayers will be required to keep accounting records in an electronic system, which is capable to generate XML files, and will need to submit certain information to the Mexican tax authorities through the electronic “tax mail box” system. Request for the individual electronic filing requirement will be enforce from January 2015. According to the new rules tax payers must apply their electronic accounting records, starting from July 2014.
