THE COURT DETERMINED THAT THE CFDI IN FOREIGN CURRENCY MUST BE TRANSLATED INTO SPANISH AND WITH THE EXCHANGE RATE OF EACH TRANSACTION.
The Second Chamber concluded that CFDIs, as accounting documents, may be in a language other than Spanish and may even contain values in foreign currency; however, for purposes of a request for a refund of an amount covered by such documents, the corresponding translation must be provided and the exchange rate used for each transaction must be indicated.
Previously, the SCJN, through its Second Chamber, analyzed the situation in which a legal entity was denied the refund of a balance because the CDFI was in another language. It is important to keep in mind that our Federal Tax Code provides for the obligation of taxpayers to declare their records and accounting entries in Spanish.
Do you know if you have the necessary requirements in your CDFI records? Contact us, at Priego Brito y Guzman Juarez we can advise you.
Link. https://www.internet2.scjn.gob.mx/red2/comunicados/noticia.asp?id=7670
