Introduction to the annual declaration
The annual statement is a legal requirement for individuals and companies that pay taxes in Mexico. Complying in a timely manner avoids fines, surcharges and problems with the SAT.
Dates and deadlines
- Individuals: April 1 to 30.
- Legal entities: March of each year.
- Electronic mode mandatory through the SAT portal.
Required Documentation
- Withholding certificates (salaries, interest, leases).
- CFDI of deductible expenses (health, education, tuition, donations).
- Proof of investments (yields, contributions to retirement funds).
- Bank and credit card statements.
- Data of partners or shareholders (in legal entities).
Step by step
Advance preparation
- Verify that all CFDIs are correctly related and stamped.
- Check that your tax information (address, RFC) is up to date with the SAT.
Download information
- Enter the SAT portal, section "Statements" → "Annual".
- Generate and download your XML file y proof of tax status.
Data capture
- Enter accumulated income and personal deductions.
- Use the prevalidation tool of the SAT to detect errors.
Validation and shipping
- Review the summary of your return: amounts, periods and totals.
- Send and download the acknowledgement of receipt with fiscal folio.
Frequent errors and how to avoid them
- Omission of income: register all your sales invoices.
- Misclassified deductions: reviews annual limits and categories.
- Outdated data: update address and mailing address before filing.
- Do not validate pre-declaration: uses the SAT's simulation tools.
Final tips
- Planning: starts collecting CFDIs as of January.
- Accounting software: uses a system that automates the CFDI relationship.
- Professional advice: consider a certified accountant to reduce risks.
