Setting Up: Factura Electronica required starting in 2011
In a past post, I went over what a factura was (think of it as an official receipt for tax purposes). Beginning January 1, 2011 all businesses in Mexico will be required to use what is called "Factura Electronica". This is Hacienda's way of electronically keeping records.
After the end of 2010, all receipts over $2,000 MXN must be electronic.
So, as a small business, how do you go about issuing electronic receipts?
There are a number of companies that are authorized by SAT (Hacienda) to help companies with electronic receipt software: