Newsletter AMEXIPAC - APRIL 2015

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Artícle 1

ELECTRONIC WITHHOLDINGS BEGIN 2015

C.P.C. Daniel Medina Hernández QUADRUM

ELECTRONIC WITHHOLDINGS AND PAYMENT INFORMATION BEGIN IN 2015. Pursuant to the amendments to Article 29 of the Mexican Federal Tax Code (Código Fiscal de la Federación) published in the Federal Official Gazette (Diario Oficial de la Federación) on December 9, 2013, taxpayers required to issue tax receipts for the withholdings of contributions made must do so as from 2014 through electronic withholding and payment information documents (Comprobantes Fiscales Digitales por Internet or CFDI, for its acronym in Spanish), which is a document that contains the information of the withholdings and payments made by the taxpayers and that is comprised by a set of general information that is attached to the corresponding supplement. With respect to the supplements, these allow the addition of information to the CFDI, which is useful for tax authorities, depending on the line of business pursuant to Exhibit 20 to the 2014 Miscellaneous Resolution. For the Electronic Document that includes Withholdings and Payment Information, the supplements published in the Mexican Taxing Authority’s (SAT, for its acronym in Spanish: Servicio de Administración Tributaria) website are:

• • • • • •

Stamping. Transfer of Sheres. Dividens. Interest. Lease under a trust. Payments to foreigners.

• • • • • •

Prizes. Non - Comercial Trust. Retirement Plans. Mortgage Interests. Derivates Transactions. Financial Sector.

www.sat.gob.mx/informacion_fiscal/factura_electronica/Paginas/cfdi_retenciones_pagos.aspx

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CFDI THAT SUBSTITUTES THE WITHHOLING STATEMENT Taxpayers that make payments or issue receipts for any of the following operations are required to issue the corresponding CFDI: salaries, fees, lease, transfer of property, dividends, payments to foreigners, freights, commissions, among others. As from 2015, the CFDI will serve as a withholding certificate and taxpayers will not be required to submit to the SAT the informational withholding statement.

GOODBYE TO INFORMATIONAL STATEMENTS UNTIL 2016. Let’s remember that up to December 31, 2013, tax regulations established that printed forms had to be used to issue certificates of payments received and withholdings made, forms identified with number 37 for wages and salaries, and 37-A for all other concepts. Therefore, the term to submit the informational withholding statement and to deliver the withholding certificates corresponding to 2014 is due on February 16 and 28, 2015, respectively. Every tax change causes confusion, but the electronic withholdings will generally only attract benefits and give rise to the automation of processes, an important aspect in all companies. This contributes to the optimization of management process on tax matters, avoiding bottlenecks in this significantly important and delicate matter that interests us all.

I conclude inviting you to be prepared to be in the digital and tax vanguard. Remember that we find ourselves in a new digital era, where the use of new technologies is fundamental and necessary. We must bear in mind in each step that change will provide big benefits as taxpayers and as a nation.

AMEXIPAC NEWSLETTER

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Did you know ?

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Special Collaboration

ELECTRONIC ACCOUNTING BEGINS

Benito Barragán Rangel CONTPAQI

WHAT ARE WE SENDING AND TO WHOM IS IT USEFUL?... We are all worried about filing our first reports on our electronic

We must also have at the SAT’s disposal the “Detailed

accounting, but,

Accounting”, as the SAT can request it at any time. Detailed

do we really know what we are sending?

accounting is comprised of three “reports” or “XML”, files:

Once we are aware of this, we will also be aware of what the tax authority can do with this information. We will be sending two “reports” or “XML” files to the SAT on a monthly basis:

1. Chart of Accounts 2. Account balance

1. Detailed journal entries (with the tax folio) 2. List of tax folios 3. Auxiliary of accounts What is important about the “accounting summary” is to consider that these files that are sent to the SAT are FINANCIAL information and contain certain tax information (required in memorandum accounts), and that the authority will decide, based

These two files are called “Accounting Summary”.

on this information, if we are “candidates” for an in-depth review, that is, if we must send the detailed accounting (any of the three reports).

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Under this scheme, nobody will be interested in

It is simple… we have to abide by or observe

having the tax authority up close (the farther

Financial Reporting Standards (FRS), that is, we

away from judges and doctors, the better), that

must comply with their regulations. If we do not,

is why the best thing to do will be to send the

our information would logically be inconsistent

accounting summary in the “correct form”.

and irrelevant and, therefore, it would not be “statistically correct” or appropriate to learn

But, what does this mean?

about our financial information. Hence we would

a) Monthly reports must be sent on time

be giving cause to the SAT to come closer, which

(complying with the forms and standards

nobody wants.

required by the authority), b) The accounting information that will be sent to the SAT has to be “reasonable”. As mentioned, monthly reports are used to make a very quick first analysis, with which the authority can become familiarized with the condition of the company. However, it is logical that if the information included in the monthly reports is or is detected as “unreasonable”, “inconsistent”, or simply, as we accountants say, does not add up, we would be inviting the authority to request more information and then we would face the risk of a digital audit. The question is … how can we avoid a digital audit? The answer is very simple: we have to have information that is statistically correct. This does not mean altering information (I would not recommend that, and less in a written public document). But then, what is “statistically correct” information?

The main change of paradigm that we must make with respect to our accounting information lies here: Accountants and businessmen have to give the importance that they SHOULD to financial information; if we do not, I assure you that the SAT, with its standardized scheme, will be able to, that is, the SAT will know better than we do the condition of our business and, as another partner of our company, will demand accounts… even if you do not see it. even if you do not see it.

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In the cover

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The offer of complementary services is consolidated among AMEXIPAC Members, which include:

• Services peripheral to the certification/stamping of electronic invoices: -Generation of documents. -Receipt mailboxes. -Verification of CFDIs received. -Mass cancelations. -High-volume stamping. -Extended storage and safekeeping. • E-commerce Integrations: -EDI solutions and applications. -System integration between customers and suppliers: purchase orders, delivery notes, payment receipts. -Web services integration, SFTP, OFTP, AS/2. -Inventory control. -Electronic product and services catalogues. -File format conversion. • Management Systems: -Implementation -Support. -Data migration. -Database development and support. • Paperless Office.

• Hardware Use Optimization

• Online Security: -SSL certificates. -Keeping information under STANDARD-151 (NOM-151) -Time stamping. -PKI infrastructures.

• Outsourcing of IT Services: -Data center services. -Service desk, user support. -Data migration. -Database development and support.

• Mobile Apps and Websites: -Interplatforms and devices. -Customers, suppliers, employees.

• Digital Marketing: -Market research. -Announcements and newsletters.

• Software Design and Development. • Payment and Financing: -Payment methods via Internet. -Online factoring.

The use of value-added services offered by AMEXIPAC Members supplements the management and operating needs of users of all sectors and economic levels, capitalizing online taxation benefits.

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In the cover

Thanks to the support and commitment of market leaders, AMEXIPAC has the efforts of the most outstanding technological and regulatory specialists in the industry. AMEXIPAC, through its working committees, has developed a series of standards observed by all its Members to differentiate their offer and to offer the best service experience to end users. PERSONAL DATA

OPERATING STANDARDS

Addenda are an optional element of

AMEXIPAC Members train 100% of

The operating standards were

Electronic Invoices that, if applicable, are

their personnel on the protection of

designed by the Association’s

included in the XML form to add non-tax

personal data directly at the

committees in answer to the need

information according to the business

Federal Institute for Access to

for clarifying the proper

practices observed. Usually, Addenda

Information and Protection of

technological operation and

include information related to the purchase

Personal Data (Instituto Federal de

regulatory observance forms with

order, supplier identification, delivery of

Acceso a la Information y

respect to the diverse

merchandise, among others.

Protección de Datos Personales or

interpretation of some applicable

IFAI, for its acronym in Spanish).

rules.

PUBLICATION OF ADDENDA

It is worth noting that the information

Also, they are committed to offer

contained in the Addenda does not form

maximum security in the treatment

There are two levels under this

part of the original chain and is not covered

of information of users.

section, distinguishing between

by the stamping seal as such is not tax

Consequently, the following

“Standards” for those practices

information, but rather commercial

guidelines were designed as key

that must be general and “Best

information.

compliance points, in addition to all

Practices” for those

applicable rules and regulations on

recommendations that may have

the matter.

legal exceptions in specific

AMEXIPAC Members gather the most

scenarios.

relevant Addenda of the market and are constantly developing these elements as

More Information at:

part of their value-added services that

amexipac.org/mandamientos.html

promote management efficiency and

More Information at:

accelerate business cycles.

amexipac.org/estándares-opera tivos.html

AMEXIPAC has defined a standard for publishing Addenda to establish a form that clearly and precisely specifies the minimum documentation requirements to function as an Addenda Implementation Guide for third parties.

More Information at: english.amexipac.org/addenda.html

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AMEXIPAC IN FIGURES

74%

of the market has chisen an AMEXIPAC Member as its reliable provider.

2.5 million taxpayers join the clients of AMEXIPAC Members.

More than half of the users of electronic invoicing in Mexico are served by a company of the Association.

OPERATION

4,500,000,000

Transactions stamped endorse AMEXIPAC Members. Source of statistical data: www.sat.gob.mx

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In the cover

AMEXIPAC MEMBERS

50%

of AMEXIPAC Members are among the ďŹ rst 30 operators with the most electronic invoice transactions in the country.

100

%

of the Members have personnel fully trained on personal data protection at the IFAI.

Members participate in the market through the statistical analysis of transactions and customers of authorized PAC companies that commercialize electronic invoice certiďŹ cation services to the general public.

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Article 2

WHAT IS THE STATUS OF THE AMPAROS FILED

AGAINST ELECTRONIC ACCOUNTING? Sergio Daniel López Fernández TSYS

DEAR MEMBERS AND FRIENDS As mentioned in previous lines, the amparos that were filed

This Case Law may be found under the following Title:

against the last tax reforms seek, through different criteria, to declare the unconstitutionality of the electronic account, which, as we all know, obligates taxpayers to enter electronically their accounting information on a monthly basis. Some associations of businessmen and taxpayers, advised by some firms and profession partners, decided to file several amparos against this new obligation. They considered that several human rights were being violated, mainly the principles of legality, legal security, and the principle of being dully grounded in law and fact, with which they could obtain a statement of unconstitutionality through a final and conclusive judgment. As a result of the foregoing and after most amparos filed in 2014 went through a long legal maze, the Second Chamber of the Supreme Court of Justice of Mexico in a Session held last November 26 resolved the contradiction of judicial precedents 277/2014, deciding that it was applicable to grant the stay of execution against the provisions that govern the obligation of taxpayers to enter their accounting information on a monthly basis through the website of the Mexican Taxing Authority (Servicio de Administración Tributaria); therefore, District Courts should start resolving the provisional stay of execution motion in this regard.

“STAY OF EXECUTION IN THE AMPARO PROCEEDING. IT IS APPLICABLE TO GRANT IT AGAINST THE APPLICATION OF ARTICLES 17 K AND 28, SECTION IV, OF THE FEDERAL TAX CODE (LEGISLATION IN EFFECT AS FROM JANUARY 1, 2014)”. It is very important for me to mention that the stay of execution granted is a “provisional stay of execution” where taxpayers that have already been notified of such stay will be protected and will be allowed not to enter electronically their accounting information on a monthly basis until the amparo proceeding is resolved on the merits. PThis is the current procedural status of the amparos filed against the electronic accounting. Let’s hope that the final judgment to this matter is a resolution that purports the growth of our country and that is in accordance with the purposes and goals established by this new government. I have nothing to say but thank you for your attention. I remain at your service.

AMEXIPAC NEWSLETTER

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SAT Article

PAYROLL ELECTRONIC INVOICES WITH MY ACCOUNTS Compliance is easier than ever

MY ACCOUNTS, ELECTRONIC APP Available at the SAT’s Internet website, it allows taxpayers to

My Accounts enables taxpayers to keep control of the employee

keep record of their income and expense operations and to file

payroll in a simplified way, to make the automatic calculation of

their bimonthly returns in a more efficient way so they can

income tax that must be withheld to employees, or, where

expeditiously comply with their tax obligations. It also allows

appropriate, the subsidy for the corresponding position, to

taxpayers to issue invoices easily when they so require.

automatically determine the fees for the Mexican Social Security Institute (Instituto Mexicano del Seguro Social or IMSS, for its

With My Accounts they can also generate more easily and rapidly

acronym in Spanish) and the contributions for the National

the payroll of their employees and carry out all the operations of

Workers’ Housing Fund Institute (Instituto del Fondo Nacional

their businesses in one single place.

de la Vivienda para los Trabajadores or INFONAVIT, for its acronym in Spanish), and to generate the payroll tax receipt

Natural persons who can use My Accounts to generate payrolls

(electronic invoice) on a weekly or biweekly basis.

are those persons who perform business and professional activities, those under the Tax Incorporation Regime (Régimen de

Generating payroll electronic invoices with My Accounts is for

Incorporación Fiscal), lessors, or those that perform activities in

new employees hired since January 2014 with the minimum

the agricultural, livestock, fishing, or silvicultural sectors, as well

benefits established in the employment law and who are paid

as religious associations.

salaries and wages corresponding to weekly or biweekly periods.

When these types of taxpayers have employees, they must

Only the following information is required to generate the

register them with the Federal Taxpayers’ Registry (Registro

payroll with My Accounts: Federal Taxpayer Registry Code,

Federal de Contribuyentes) as their employees and then they

password (optionally, digital signature), employer registry

have to issue payroll slips to reflect the payments for services

number with the IMSS, premium and job risk class assigned

rendered, in addition to reporting these payments as part of their

according to the activity, as well as the Federal Taxpayer Registry

operating expense.

Code and social security number of each employee.

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AMEXIPAC NEWSLETTER


MOBILE INVOICE MOBILE INVOICE ISSUE INVOICE

CONSULT INVOICE

CHART OF ACCOUNTS

CCATALOGUE OF CONCEPTS

Since it is easy to use, as of February 27 the My Accounts app records over:

19

million transactions

It is easy and quick to issue the payroll with this app.

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News

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BOLETÍN AMEXIPAC

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