Mexico

Mexico

Besides Chile, Mexico is Latin America`s country with the most free trade agreements: altogether 13 agreements have been reached with 52 states, such as the North American Trade Agreement (NAFTA) with Canada and the US as well as one with the EU that was implemented in 2000. Mexico is LATAM`s most important receiving country for German imports. Currently, there are approximately 1900 companies with German capital totaling almost 35 billion USD registered with the Mexican Ministry of Economics. These companies are active in the sectors of automotive, pharma, chemistry and electronics as well as a series of small and medium sized companies working on high-tech solutions.

 

e-Invoicing

Since 2014 companies have to use the e- invoicing system CFDI (Comprobante Fiscal Digital a través de Internet). The invoicing system itself is not being implemented though the state but through third party providers called PACs (Proveedor Autorizo da Certificación). Since the end of 2017, companies additionally have to supply the so-called Complementos-de-Pagos documents which detail all inpayments to the tax authority. Accounting books also have to be deposited electronically. Invoices have to be archived for up to 10 years. More...

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