#Www sat gob code#

The manufacturing and retailers’ economic sectors are heavily focused on automotive and pharmaceutical products. The 40 economic activities initially considered by the SAT are part of five economic sectors: mining manufacturing industries wholesale distributors retailers and financial services and insurance. The SAT has announced that it is currently working on benchmark effective tax rates for the remaining economic activities of Annex 6 of the Tax Miscellaneous Rules (in addition to the 40 economic activities already released) and will shortly publish the results. The benchmark rates may be seen on the SAT’s website. The latter action would allow them to minimize the risk of a deeper review from the SAT. The SAT’s purpose in issuing the benchmarks is to inform large taxpayers of the rate corresponding to their economic activity (as determined by the SAT) so that they may compare it with their own effective tax rate for each fiscal year to measure tax risks and, if applicable, adjust their fiscal positions through an amended annual income tax return. The aforementioned benchmark is the result of analyses carried out within the SAT of the institutional databases that contain such information as annual returns, tax reports (Dictamenes fiscales), information on the tax situation of taxpayers, informative returns, digital tax receipts, and entry summaries (pedimentos). This information is relevant for large taxpayers because the statute of limitations has not yet expired for those years. On June 13, 2021, the SAT released the first benchmarks regarding effective tax rates for 40 economic activities for fiscal years 2016 to 2019.The purpose of disseminating this information is to measure tax risks, so that taxpayers, their legal representatives or, in the case of legal entities, their management/governing bodies can detect and address risk assumptions and can then opt for voluntary compliance with these parameters. This modification allowed tax authorities to provide taxpayers with parameters (benchmarks) regarding profit, deductible concepts, effective tax rates and profit margins based on economic sector or industry.

#Www sat gob code#

In December 2020, an amendment to the Federal Tax Code was published, specifically article 33, first paragraph, section I, subsection i).In February 2021, the 2021 Master Plan of Operation was published by the SAT’s Large Taxpayer’s division, indicating the economic sectors that were subject to audits in 2020, the scope of these audits, and the taxes that were reviewed, as well as the main economic sectors that will be reviewed in 2021 and the extent of SAT’s cooperation and information exchanges with other countries to strengthen Mexican tax audits.įinally, in that document, the SAT mentioned that the recent reforms to Mexican tax law have been made to optimize the tax system recently reformed measures have included: i) providing benchmarks for profit margins, deductions and rates by sector (ii) business reason requirements (iii) reportable transactions (iv) interest expense limitation provisions.Seeking to make this objective a reality, it has carried out several actions, among which we highlight:

The SAT has frequently expressed its intention to increase tax collections from large taxpayers by improving the audit process, thus providing a framework of legality and certainty for taxpayers. The SAT’s goal in this is to encourage taxpayers to effectively comply with their tax obligations, to verify their effective rate, and, where appropriate, to take steps to adjust their tax position (by filing amended returns) to avoid tax audits. 9 th 1989 in the state of Jalisco.Mexico’s tax authority, the SAT (for its acronym in Spanish), has issued expected effective income tax rates for large taxpayers related to 40 economic activities. Letters (second vowel of father’s last name + second vowel of the mother’s last name + second vowel of the name).Ĭheck digits. L etters for the state of birth (first letter and last vowel of the state name). It is normally mapped in to field LFA1-STCD3 (only if it is a person) and in payroll in field: P0002-PERID.įirst 2 letters of the father’s last name. This is a person’s ID, that is generated for all the persons in Mexico and it is different than the Social Security Number.