B2B Payments

Why eInvoicing Is A Struggle For Mexican Churches

Electronic invoicing is a good option for many organizations, as it can help them cut down on expenses and man hours. However, churches in Mexico are unable to integrate such systems. Not only can this hinder the churches’ ability to file taxes electronically, but it will prevent them from complying with Mexico’s new tax laws that require eInvoicing.

“Mexico does not have the infrastructure to do this yet,” Catholic archbishop of Monterrey, Rogelio Cabrera López Cabrera said to La Journada, according to BN Americas. “There are small towns that do not have the proper technological means and authorities need to wait. This happens in the vast majority of Mexico’s parishes,” he said.

Cabrera added that tax authorities need to be patient because many places of worship do not have computers or internet access. The tax filing requirements take effect in January, the news source said.

Overall, Mexico is working toward having stronger eInvoicing options. Last month, PYMNTS.comreported on how the country’s small and midsize enterprise (SME) taxpayers increased more than 300 percent compared with a year earlier. According to El Economista, the rapid increase was due to eInvoices becoming mandatory in the Latin American country on April 1.

 

——————————–

Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

Click to comment

TRENDING RIGHT NOW

To Top