Mexico: Update of business record retention rules | KPMG | GLOBAL

Mexico: Update of business record retention rules

Mexico: Update of business record retention rules

A decree published in the official journal in April 2016 provides changes to the commercial accounting standards to allow for electronic documentation retention rules.


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The decree was published on 7 April 2016, and includes measures affecting Mexico’s commercial law and the federal criminal code. In general, the new measures expand the options for businesses to allow them to retain their records in electronic or other technologically advanced format approved by the Ministry of the Economy. 

Records—whether retained in hardcopy (print) or electronic format—must be retained for a period of 10 years.

The changes to the federal criminal code add specific provisions making it a crime to counterfeit electronically stored documentation.


Read an April 2016 report (Spanish) [PDF 63 KB] prepared by the KPMG member firm in Mexico: Reforma al Código de Comercio y Código Penal Federal 

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