As every year, thousands of taxpayers are required to submit the annual tax return to the Tax Administration Service (SAT), the deadline to present it being May 2.
It is important not to let this date pass, because otherwise the tax authority can penalize you with fines or surcharges. However, on very specific occasions, the Treasury has granted extensions to carry out said procedure, extending the deadline so that taxpayers have the opportunity to present their return.
However, faced with this situation, the SAT already has a position, here we tell you about the possibilities of requesting an extension as a natural person and having more time to present the annual tax return.
With an extended period, the tax obligations of a greater number of people could be aligned to May 2023 but, it is clear that it would not be the first time that taxpayers have had concerns about the deadline for this tax procedure and that if you do not present it, you could face negative consequences.
Can you request an extension to submit your annual return?
Unfortunately, for now it is not possible, despite the fact that on March 31 the SAT communicated that the only extensions it would give would be directed to taxpayers who issue CFDI payroll receipts. In the same way, this applies to natural persons under the Simplified Trust Regime, who must have e.firma and the tax mailbox with their contact information updated as of the same date.
The SAT also did not grant extensions to legal entities, since their last day to present their declaration was April 3.
These people are required to submit their annual return:
- If you obtained income greater than 400 thousand pesos in the year.
- If you worked for two or more employers in the same year, even if you did not exceed 400,000 pesos
- If you asked your boss in writing not to submit your Annual Return.
- If you no longer provide your services since before December 31.
- If you worked for salaries with people who do not withhold, such as embassies or international organizations.
- If you got other cumulative income such as: fees, lease, business activities, among others; in addition to salaries.
- If you received income from retirement, pension, liquidation or some kind of labor compensation.
If you are in any of these situations, you are exempt from filing the Annual Return:
- You received income exclusively from salaries of an employer (even if this income exceeded $400,000 pesos), as long as you have been issued payroll CFDI for all the income and you do not have a tax charge in the annual declaration.
- You earned income from salaries and also nominal interest that has not exceeded $20,000 pesos from Institutions that make up the Financial System.
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