E1: 76M: Mexican Tax Reform 2020 and 6% Withholding Tax and Process for Accounts Payable Vouchers and Accounts Receivable Invoices
(Doc ID 2673389.1)
Last updated on JUNE 09, 2021
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.1 and later
JD Edwards EnterpriseOne Accounts Receivable - Version 9.1 and later
Information in this document applies to any platform.
This law is focused on Outsourcing for Human Resources companies, which provide an invoice at the end of the month. Before this law there was no withholding tax applied, only the VAT with the base amount of the outsourcing services. With this new law, companies hiring this type of service are obligated to apply withholding tax VAT 6% at the moment of paying the invoice. In this way, the SAT makes sure they will receive this 6 % that otherwise might not have been collected due to deduction of expenses.
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