~ When you need a factura, we must use credit cards (debit cards?), checks, or bank transfers for any purchases over $2,000 pesos after Jan. 1, 2014.
~ SAT’s intent is to force people/businesses who take tax deductions, to use a form of payment that simultaneously creates an electronic record to allow SAT to electronically confirm (cross-check) our tax deductions. Checks, debit cards, bank transfers and credit card transactions are tracked electronically by SAT.
~ When using facturas, only electronic facturas will be permitted. The electronic facturas are currently in place at a number of businesses, where they print out an official factura for the customer and simultaneously send the same information to SAT/Hacienda. Businesses without a computer factura generating system on site can use a SAT webpage to log each transaction and to print out a factura.
Both of these measures are huge steps to allow Mexican Government tracking of monies spent by ordinary people and ordinary businesses.
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© Steven M. Fry
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