Mexico: Introduction of Volumetric Controls

In August, Mexico introduced volumetric controls for the hydrocarbons and petroleum industry. Consequently, companies in these sectors need to equip their counting and ERP- programs accordingly.

 

What is volumetric control?

Volumetric controls require a record of all volumes of entry, exit and stocks, subject to the operations of taxpayers, associated with the invoices or requests corresponding to the acquisition, disposal or services that deal with hydrocarbons and petroleum. The determination of the type of hydrocarbon or oil in question is also part of it. The volumetric controlled is legally based on Rule 2.6.1.4. of the Miscellaneous Fiscal Resolution for 2019 and article 28 of the Fiscal Code of the Federation.

Businesses in the respective sectors have to acquire equipment and programs to keep records of the volume of their operations, from a provider authorized by the tax authority SAT.

 

When have the new obligations to be fulfilled?

Once the authorizations are published on the SAT Portal, there is a transition period of 6 months to:

  • Acquire the computer equipment and programs to carry out volumetric controls
  • Contract the services of verification of the correct operation and operation of the equipment and software to carry out volumetric controls
  • Obtain the opinions that determine the type of hydrocarbon or petroleum, in question, and the octane in the case of gasoline

 

How are service providers affected?

On the other hand, as of August 1st, 2019, those who wish to be suppliers of computer equipment and programs, of verification services etc. have to reques their authorization from SAT. Once they received their authorization, these will be valid for 12 months from the publication on the SAT Portal and can be renewed afterwards.

In order to receive the authorization, companies have to meet the following requirements.

  • Be a legal entity constituted in accordance with Mexican laws
  • Guarantee for an amount of $ 10,000,000,000 pesos
  • Comply with the other requirements established

 

The authorized suppliers of computer equipment and programs to carry out volumetric controls may not be suppliers of the verification service of said equipment and programs during the time that their authorization lasts and for the two fiscal years after the end of their validity.

The suppliers authorized to issue the opinions that determine the type of hydrocarbon or petroleum, in question, and the octane in the case of gasoline may also have the authorization to be a supplier of equipment and computer programs to carry out volumetric controls or for the verification of said equipment and programs, with the limitation indicated in the preceding paragraph.

 

What are Computer Equipment and Programs to carry out volumetric controls?

The equipment to carry volumetric controls are the physical components that allow the generation of the volume registers through the measurement systems. For example, the dispensaries.

The Computer Programs to carry out volumetric controls are the computer application that allows the collection and storage of volume records, the information of opinions, invoices and associated requests, in order to generate daily and monthly information reports.

 

These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us to learn about possible necessary reactions to the changes – we are happy to assist you!