Mexican VAT number contains 3 digits, 6 numbers, and 3 digits. (e.g., ABC123456A12).
The standard VAT rate in Mexico is 16%, with some services exempt from Mexican VAT, such as existential foodstuffs.
All businesses with Mexican VAT number must submit periodic VAT reports and payments.
For all companies that operate in Mexico, VAT returns must be submitted monthly by the 17th of the month following the period end.
In the case of the late filing of VAT returns and payments, the Mexican government prescribed the penalties as follows:
Due to the electronic invoicing system, all electronic invoices (Comprobante Fiscal Digitales por Internet – CFDI) must contain at least the following:
As of 2014, all business entities and economic operators generating more than 250,000 MXN per annum in Mexico are obliged to comply with mandatory e-invoicing in Mexico.
Governmental body responsible for e-invoicing in Mexico:
Comprobante Fiscal Digitales por Internet – CFDI, represents an e-invoice, encrypted digital version of the paper invoice. To be able to issue CFDI, Mexican businesses must obtain a digital signature (Sellos Digitales Certificados - SDC), which verifies the origin and authenticity of the invoice. Also, CFDI must be stored on a central database hosted by the local tax authority or government-approved vendor.
What does the e-invoicing process in Mexico look like?
Date updated [May 12, 2021]
Schedule a demo to test our products, or just create an account and start automating taxes. You can also contact us to discuss any specifics around your business.