SAT’s free Service for issuing c-invoices Presently, the invoicing process is very quick; it is carried out through the SAT’s Internet W ebsite, thereby opiim izing tim es and extending benefits to the citizens, the tax adm inistration. and the environm cnt by reducing the big volumes o í paper that were used in prior schemes. Issuing an e-invoice through the Internet is accessible for all taxpayers. Issuance costs represen! a very low percentage in relation to th e advantages and savings that a business, a small business, or a taxpayer (individual) can have. O n its part, Mexican Tax A dm inistration has made available a free tool that can be used by any taxpayer to íssue e-invoices, whose use does not require bread Computer knowledge. SAT’s free tool can create the electronic file to stam p it w'ith the taxpayer’s certifícate, and sent it to the SAT for its validation (requirem ents and technical specifications), assignment of folio, and stam ping v/ith the institution’s certifícale.
M exican T ax A dm inistration o ffe rs serv ices for th e creatio n o f electronic files, validation, and sta m p in g th ro u g h its In tern et W ebsite. th e fre e tool, available, and useful for all ty p e s o f ta x p a y e rs.
Likewise, the tax adm inistration has developed electronic services that allow taxpayers to consult and verify e-invoices. As from January 2010, the following electronic services were relcased at the SAT’s Internet Website: • Validation of the characteristics (structure and syntax of e-invoices issued or received). • Verification of the authenticity of folios and series used. • Verification of the validity period of the digital seal certificates used to sign the e-invoice. In this respect, verifying the authenticity of e-invoices is not just a privilege of th e authority, as the sam e taxpayers can verify that the invoices issued in their favor are authentic; taxpayers can even print the e-invoices or download the xml files. This schem e, which gradually and optionally begins in 2011 for some taxpayer sectors, is C onsolidated in 2014 when the obligation to issue e-invoices is g en eralized for all taxpayers as the only sch em e recognized by tax regulations. Every invoice is issued in a n electronic file whose format allows recording structured In fo rm atio n by labels, which are digitally stamped w ith th e taxpayer’s certifícate.
As from 2014, for low^ economic capacity taxpayers (annual income up to two m ülion pesos), the taxing authority made available at its Website the free app My accounts, through which receipts can be created for income they receive Vk'ith the same effects as an e-invoice.
My a c c o u n ts ap p is u sed to issue invoices for ta x p a y e rs w ho p erfo rm b u sin ess activities, b u t w ho have a low econom ic capacity.