There are lucky days and these may be for you. If for any reason you were unable to submit your annual tax return to the treasury in time and form, that is, no later than May 31, you still have time to catch up with the authority and thus avoid setbacks in the future.
If you are a natural person, you are obliged to file an annual return and it is crucial that you do so before becoming a creditor of fines, updates and surcharges by the Tax Administration Service (SAT).
“ Whoever has not presented it is already at fault, however, he can present it spontaneously, that is, before the authority requires it. It is very important that you present it this month (June), fiscally it is very important, because the consequences are greater after a month of the expiration of the term to present it, “explained Elio Zurita Morales, spokesman for the technical commission of fiscal investigation of the College of Public Accountants of Mexico (CCPM).
For non-compliance in the presentation of the annual return, the SAT can establish an estimate, this means that it calculates a taxpayer’s tax profit according to the activity carried out. If this is incorrect, the natural person must be in charge of proving the opposite, according to articles 55 and 58 of the Federal Tax Code (CFF).
There is also the application of fines, if after having received an invitation from the SAT to present the declaration, it is not presented.
“The fines range from 15,000 pesos to 31,740 pesos, it is expensive, besides that, there are surcharges. Financing with the Treasury is not a good idea because the fine can be up to 75% of what is owed, plus surcharges, updating, in addition to inflation and 1.47% is charged per month ”, explained the member of the CCPM.
The cancellation of the Digital Tax Receipt (CFDI) is also a risk that is run if the annual return is not presented. According to article 17-H bis of the CFF, the temporary restriction of the CFDI can be made one month after the date on which the obligation to file the annual return was found, or after submitting two or more consecutive provisional or definitive returns or not. consecutive.
“That is why it is important not to let this month go by, even if the taxpayer is missing information, he can present it with the information he has, and thus not be ignored. Later on you can present a complementary statement to correct the situation, there the authority can detect the will to comply, “concluded Zurita Morales.
According to the SAT, as of May 31, the date on which the deadline for submitting the annual return expired, 7.6 million annual income tax returns were filed by individuals, which represented an increase of 15% with respect to the total of the presented at the expiration of the previous year’s deadline, which was June 30. Originally, the expiration date is April 30, but in 2020 and 2021 extensions were granted for the health contingency derived from COVID-19.
