Electronic Reports of Compliance for Public Accountants

In July 6, the General Director of the Mexican Social Security Institute (“IMSS”) announced through press release 194/2017, the new system of Electronic Reports of Compliance for Public Accountants.

The system, known as “System for IMSS Electronic Reports” (“SIDEIMSS”) will be released in mid-July and its main purpose is to facilitate the fulfilment of social security obligations derived from the reports of compliance of such obligations.

The SIDEIMSS will allow public accountants to register electronically as certified accountants with the IMSS.

Additionally, this system will allow the accountants to submit, electronically, compliance reports of social security obligations. This will help reduce the time of preparation and submission of such reports before the IMSS.

Likewise, affiliation processes and payments derived from the compliance reports will now be submitted electronically as well.

Finally, public accountants will be able to consult such reports, which currently is not possible.

The use of this system will be voluntary as of July 15, 2017 and will be mandatory in January 2018.

Mexico City, July 7, 2017.