Tax alert No. 2 – August

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Electronic Accounting

Last August 6, the Tax Administration Service published in its website the Third Amending Resolution Project to the 2014 Omnibus Resolution.

Such project includes amendments made to certain rules related to the obligation to keep the accounting files in magnetic means pursuant to the Federal Tax Code. An outstanding fact is the extension to January 2015 of the term to send the trial balances for the July to December 2014 period. However, note that the obligation to send the chart of accounts in October 2014 remains.

Additionally, the following requirements are included:

  • The trial balance should be sent at the general ledger level and first subsidiary level.
  • When the tax folio assigned to the journal voucher receipts that include the transaction details cannot be identified, the taxpayer may send a subsidiary report listing all the tax folios, tax ID number and the amount included in the voucher receipt.
  • The chart of accounts should be classified according to the grouping code set forth in Appendix 24.

The team of specialists at MXGA is duly trained to support you with any doubts related to the recent tax changes.