The Ministry of Finance and Public Credit (SHCP), through Tax authorities (SAT), notifies the following about electronic accounting:

The information related to the Chart of Accounts according with SAT’s grouping codes and the Trial balance corresponding to January 2015 can be sent at the latest in April 3rd or 7th for legal entities or individuals, respectively, that is, in the same delivery timeframe of the information corresponding to February 2015.

Regarding journal entries and sub-ledger accounts, they must be generated with the information corresponding to transactions as of July 1st so they can be delivered only if requested by SAT subsequent to September 3rd or 7th 2015, for legal entities or individuals, respectively. It should be noted that the information related to journal entries referred in previous paragraphs should be sent only when requested by SAT, specifically for reviewing accounting information or the origin of refunds and offsets.

On February 27th, a new rule providing the facility of submitting financial statements on the aforementioned timeframes was published on Tax Authorities website portal, which will be published in the Federal Official Gazette in the coming days.