In the annual declarations the income and expenses that were generated throughout the year are reported in order to adequately make the payment of taxes. These declarations are presented both by individuals and companies, to the tax authority, in this case to the Tax Administration Service (SAT). In this post we want to share everything you need to know about the 2019 annual declaration for individuals.
You may be interested in our entry: Annual declaration of natural persons.
Annual returns allow you to meet your tax obligations.
Today, the world population is going through a health crisis due to the coronavirus, which has led to the modification of many processes to favor taxpayers so that no one is more affected. This pandemic has generated a wave of changes both in the countries’ economies and in the area of health. Because of this, new strategies have been created across the board to maintain order. One of these was the postponement of the deadline for the presentation of the 2019 annual declaration for natural persons.
Income Tax (ISR) is reported in this statement.
Previously, the date established for these statements was April 2020, but this was postponed by the authorities, setting the deadline June 30, 2020.
The extension only applies to individuals because this procedure for legal entities should have already been carried out in the months of January, February and March 2020.
You may be interested in our entry: Compendium of impacts COVID-19
In QuAdrans law and finance we have the accounting service, through which we help you with the presentation of declarations and payment of taxes so that you can fulfill your obligations in a timely manner. You can learn more about our service by clicking here.
Due to the contingency in which we find ourselves, we are currently working with the home office modality to continue offering you an efficient and quality service that allows you to be up to date with all your procedures. Our experts will provide you with accounting advice on the most current topics.
Contact us and request your free advice to support you with the process of filing the 2019 annual declaration for individuals.
