Mexico Tax Topics (Mexico Compliance SuiteApp)

Warning:

As of June 2019, the Mexico Compliance SuiteApp is not available for new installations. Oracle NetSuite will end support for the Mexico Compliance SuiteApp on July 1, 2020. You can continue using the SuiteApp, but the bundle will not receive additional fixes or updates after support has ended. We encourage you to transition to the Mexico Localization SuiteApp. The Mexico Localization SuiteApp supports electronic bank payments and electronic invoicing for Mexico. It is also compatible with the SuiteTax feature. For information about the Mexico Localization SuiteApp, see Mexico Help Topics.

NetSuite provides the following Mexico tax audit files:

• Mexico Declaración Informativa de Operaciones con Terceros (DIOT) – a text file which contains a monthly declaration of all payments made to third parties, with details of the applicable value added tax (VAT), known as Impuesto al Valor Agregado (IVA). For more information, see Mexico DIOT File (Mexico Compliance SuiteApp)

• Mexico Electronic Accounting File – XML files of monthly accounting information, including chart of accounts, trial balance, and journal entries. For more information, see Mexico Electronic Accounting File (Mexico Compliance SuiteApp)

Installing SuiteApps for Mexico

• Mexico Compliance SuiteApp — provides custom fields, validations, and other customizations for Mexican businesses to comply with tax and other government requirements in Mexico. For more information, see Mexico Compliance Features (Mexico Compliance SuiteApp).

  Bundle ID: 131375

  Important:

  The Mexico Compliance SuiteApp is not compatible with the SuiteTax feature. If the SuiteTax feature is enabled in your NetSuite account, please do not install this SuiteApp.

• Tax Audit Files SuiteApp — provides the Mexico Declaración Informativa de Operaciones con Terceros (DIOT) file and Mexico Electronic Accounting File. For more information, see Tax Audit Files.

  Bundle ID: 47492

  Note:

  Currently, the Tax Audit Files SuiteApp does not support the Multiple Calendars feature.

• International Tax Reports SuiteApp — provides the tax code properties needed for Mexico tax codes. This SuiteApp also creates Mexico tax codes automatically when you add a Mexico nexus. Note that the automatic tax code provisioning feature requires that you first install the International Tax Reports SuiteApp in your account before you add the Mexico subsidiary/nexus. If the nexus already exists before you install the International Tax Reports SuiteApp, the tax codes for Mexico will not be automatically created for you, so you must create them manually. For more information, see International Tax Reports.

  Bundle ID: 43003

For more information, read the following Mexico tax topics:

• Mexico Compliance Features (Mexico Compliance SuiteApp)

• Mexico Tax Codes (Mexico Compliance SuiteApp)

  • Tax Code Table for Mexico

  • Tax Code Mapping for Mexico DIOT File (Mexico Compliance SuiteApp)

• Mexico Tax Setup (Mexico Compliance SuiteApp)

  Mexico Tax Preferences

• Mexico DIOT File (Mexico Compliance SuiteApp)

  • Required Fields for Mexico DIOT Reporting

  • Generating the Mexico DIOT File

• Mexico Electronic Accounting File (Mexico Compliance SuiteApp)

  • Setting Up Mexico Electronic Accounting File (Mexico Compliance SuiteApp)

    • Field Mapping for Mexico (Mexico Compliance SuiteApp)

    • Setting Up Mexico Tax Audit Files Configuration (Mexico Compliance SuiteApp)

    • Developing a Mexico UUID Plug-in Implementation

  • Generating Mexico Electronic Accounting File (Mexico Compliance SuiteApp)

General Notices