The importance of filing your taxes in a timely manner is because it influences many factors, for example through this payment the Government generates income that in some way helps regulate the country’s economy. Timely tax payments create opportunities in health, education, public services, and security, just to name a few.
You may also be interested in our entry Annual declaration of natural persons
It is important that when presenting your income and profits, you do it honestly and in a timely manner.
There are many benefits for taxpayers who file their returns earlier, for example:
- Obtaining financial information
- Quick refunds
- Prevention of identity theft
The worst mistake you can make for your company is to avoid taxes or manipulate them, when you fail to comply with this legal responsibility, the Government assumes it as a breach or social irresponsibility.
You may also be interested in our entry The tax incorporation regime
Consequences for not submitting your returns on time
In the first place, there is the imposition of a fine for not filing the return on time, the tax authorities can also use their powers to reject certain returns if they are not presented properly.
Note: As of the notification of the request, you have a period of 60 days to make the declarations.
Present your corresponding declarations in the Portal of Procedures and Services
Now you know the importance, benefits and consequences of filing your returns at the right time. We hope this information is useful for you and your company.
Remember that the procedures must be carried out by experts and qualified on the subject.
At QuAdrans we seek the growth of your company, contact us to receive accounting advice
Accounting and legal consulting in Playa del Carmen
