Both individuals and legal entities must file the annual tax return to avoid penalties and comply with their tax obligations to the Tax Administration Service (SAT). Compliance must be carried out in a timely manner as requested by the General Law Regime. The dates to submit the annual return are the following:
- Legal entities have until March 31, 2025 to file your return
- Natural persons have until April 30 to file your return
It should be noted that in this last item, they must submit your return all taxpayers who have obtained income from business and professional activities, as well as rental of real estate, salaries from more than one employer, generation from interest greater than 20 thousand annually, sale of real estate or investments in CETES.
Lee: How should tips be distributed in a restaurant?
If you have already carried out this tax obligation, you will surely know what the procedure is like. Nevertheless, By 2025 the SAT will implement a significant change, since there will be a type of taxpayer who will not have to submit the annual return. Individuals registered through the Simplified Trust Regime (RESICO)designed for natural persons with annual income of up to 3 and a half million pesos annually and legal persons of spending 35 million pesos They will no longer submit annual returns starting this year.
If this is not your case, remember that there are several requirements to be able to submit your annual return.
- count on your e.current signature: The e.signature is necessary to submit the declaration and sign digital documents.
- Count on your CFDI income and deductions: Digital tax receipts are the basis for correctly calculating your taxes.
Remember that if you do not submit your annual return, the SAT can fine you with sanctions ranging from $1,400 to $34,730 pesos according to the Leand. Doing it out of time will surely force you to pay surcharges and debt updates.
You may be interested in: What would be the reason why Trump would raise tariffs?
* * * Stay up to date with the news, join our Whatsapp channel * * *
OB
