The Complexity of Complying with CFDI

The Mexican Tax Authority (SAT), require any company that generates more than 250,000 pesos in revenues (approximately $16k annually) to use a digital tax receipt called a Comprobante Fiscal Digital por Internet (CFDI) - essentially an electronic invoice that allows immediate verification of the identity and tax eligibility of the person signing the document.

In the years since it was enacted, CFDI legislation has gone through multiple updates, including an SAT mandate in 2015 for companies to also use electronic accounting and requiring them to submit their chart of accounts, trail balances and journal entries.