Mexico Instant Billing Tender

From next year you can request your electronic invoice instantly when paying with your credit or debit card at a Point of Sale Terminal. This was announced by the Tax Administration Service SAT in collaboration with the Association of Banks of Mexico ABM.For this to work the Federal Taxpayers Registry RFC will be associated with the bank card and thus the invoice can be generated at the same time that it is paid by these means. Thus in the same collection ticket a QR code will appear with the information related to the invoice.So the bank will associate my RFC and my cardThe SAT and ABM emphasized that the RFC on the chip is a personal decision each cardholder decides whether or not he wants this information to be stored in the plastic. If you wish you will have to provide it when you are in a bank establishment or place where there is a POS.This was explained by the president of the ABM Luis Nio de Rivera first you have to put the RFC to the chip in a POS and then you can transact. You will have to put the card to the POS and the POS will have an option to put the chip. The RFC can record it on the chip when they are going to make a transaction or without making the transaction. That is people can go to any place where there is POS and say I want to put my RFC the POS will give the option to put the RFC information and at that time the RFC is recorded on the chip.Will each purchase be an invoiceThis will depend on each taxpayer if you make a purchase through your credit or debit card you will decide whether or not the invoice is generated. Of course each card will only have capacity for one RFC so you must be careful when associating the RFC with the card especially if you have a work card.Initially the program is voluntary for the taxpayer it is a nice transparency exercise says the head of the SAT Margarita Ros-Farjat and stressed that it will be applied gradually in different sectors of the economy.The idea is to send that invoice they usually ask for your information and you must be waiting in your email to send you your CFDI with this change you no longer have to request data which improves the quality of the services and gives the certainty that the treasury is being informed and good supervision favors everyone.The primary objective of this initiative was to transform the lives of people with economic activity and expedite the procedures related to the issuance of invoices Nio de Rivera said in a statement.For ABM this is a very valuable moment because we were able to work with the SAT to reach a breakthrough in what I want to call the countrys intangible infrastructure which is the one that makes us operate better he said.This measure is added to CoDi the digital collection platform promoted by the Bank of Mexico and is another change to boost formal trade reducing the use of cash and reducing processes when making collections payments and verification. thereof.