In July 2014, the 2nd Modifications to the Miscellaneous Tax Resolution for 2014 was published in the Official Gazette, please find below the summary we have prepared regarding the most significant regulations:
Online E-invoices (CFDI) for Payroll Paid to Employees
Taxpayers that have a website available through which employees can print their E-invoices (CFDI) will be considered as fulfilling their obligation to provide these to their employees; taxpayers may also choose to give their employees hard copies of the CFDIs on a biannual basis, within the month that follows the end of each semester.
CFDI Date and Issuance for Payments Made to Employees
Taxpayers will be able to issue the CFDIs corresponding to payments made to their employees or to individuals assimilated to wages in any of the following ways:
• Before the respective payment is made.
• Within the following 3 days of the corresponding payment being made.
As long as the date on which the corresponding remunerations were paid is considered as the CFDI issuance and delivery date.
Once chosen by the taxpayer, the option cannot be changed during that year.
Taxpayers that process payments to their employees or to individuals assimilated to wages for periods corresponding to less than a month may issue a single monthly CFDI which will have to be issued with 3 days after the last day of the month worked and paid, considering in all cases that the issuance date of the CFDI is that on which the payment corresponding to the last day or period worked within the month was paid.
The definition of food coupons is widened to specify that, regardless of the name given, they have to be given through an e-purse and must allow the employee to use them in Mexico to purchase consumer products which will allow them to improve their quality of life and that of their family.
Food coupons cannot be exchanged for money, nor can the balance on the card be withdrawn in cash.
Please do not hesitate to contact us should you have any doubts or questions.