Annual financial statement of natural persons
A person who receives income for wages, is not required to submit the annual tax return, but if you want to do it you can declare it at any time of the year, and also access important deductions and credit balances.
The annual statement aims to inform the SAT what are the annual income and deductions for income tax (ISR). The ISR payments are made on account of the annual tax, if they haven’t been presented, this declaration cannot be fulfilled; nor will they be able to declare if the amounts of the monthly VAT payments declared each month are not included.
Submitting your annual return in a timely manner is necessary so that you do not receive a penalty.
The annual declaration must be submitted by natural persons who have obtained income by:
- Providing professional services (fees)
- Renting real estate.
- Performing business activities, except those activities that are part of the Fiscal Incorporation Regime.
- Transfering assets (transfer assets from one estate to another)
- Acquiring assets.
* If you obtain additional income such as loans, prizes, donations, inheritances or sell a house, you can also declare them, even if you paid the corresponding taxes.
The service of declarations and payments is an integral electronic system for taxpayers to present their statements online.
Advantages of the SAT Referenced Payment
- Eases the presentation of statements.
- It allows the advance presentation of the declaration before the SAT.
- It decreases the time of elaboration of the complementary declarations.
- It eliminates the presentation of the declarations of Notices in Zeros and Correction of Data.
- Simplifies the payment of federal taxes with the use of the Referenced Deposit banking service.
Necessary requirements to present the annual declaration
- Records of perceptions and retentions.
- Monthly statements updated.
- Log of information necessary to prepare the monthly statements and the annual declaration.
- Electronic invoices of expenses related to the activity you performed.
- Electronic invoices of personal deductions.
- Password or active electronic signature.
You can make the annual declaration yourself through the system of declarations and payments of the SAT, however, it is always advisable to have a professional accountant to advise you during the procedure.
At Quadrans we have specialists in the accounting service who can guide you at all times so you do not have any sanctions.
Legal and Accounting Consulting in Playa del Carmen
