Mexico Tax Setup
Mexico Tax Preferences (for Accounts without SuiteTax)
To set tax preferences, go to Setup > Accounting > Set Up Taxes. Use the following tax preferences for Mexico:
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Default Tax Code: S-MX
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Tax Code for Exports: ZX-MX
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Tax Code for Imports: Service Items: IS-MX
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Tax Code for Imports: Non-Service Items: IS-MX
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Tax Rounding Method: Round Off
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Tax Reporting Cash Basis: Check this box.
Mexico Tax Preferences (for Accounts with SuiteTax)
If SuiteTax is enabled in your account, use the following tax preferences for Mexico:
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Default Tax Codes:
Go to Setup > Tax > Nexuses > Mexico Nexus > Default Tax Codes tab.
Tax Transaction Type
Goods
Services
Domestic Sales
MX_SR
MX_SR
Domestic Purchases
MX_SR
MX_SR
Exports
MX_ZR
MX_ZR
Imports
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Tax Rounding Method: Round Off.
Go to Setup > Tax > Nexuses > Mexico Nexus > Nexus Preferences tab > Tax Rounding Preferences.
To set up tax codes, see Mexico Tax Codes.