How to justify a loan so that the SAT does not take it as income?

2023-04-29 06:32:26

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Doing so will help keep your tax activities in order

Sahar Palmieri

This you must do so that the SAT does not take your loans as income. Source: Unsplash

April 28, 2023

Those taxpayers who do not justify the loans they obtain in their bank accounts may face serious problems with the Tax Administration Service (SAT), so it is necessary to take into account what is the way in which a loan can be justified so that the tax authority does not consider it an income. This is necessary because they are tax activities that you must keep in order and not have complications.

Pursuant to the provisions of the Federal Tax Code, taxpayers who obtain these deposits have to take care of explaining to the SAT that it is a loan and not an income obtained from any economic activity.

Taxpayers who obtain these deposits have to take care of explaining to the SAT that it is a loan. Source: Unsplash

Something that you should take into account is that the SAT does not take into account the loans as income that is cumulative, so there is no need to pay taxes on the money received but the condition is that the documents have the information backed up.

How to justify the loan?

Taxpayers who do not want to have complications and keep everything in order with the SAT have to take care of justifying the loan so that it is not considered as income, so the following must be presented:

• Carry out a simple mutual contract or with interest where there must be support with other evidence that proves materiality.
• The deposit of the loan has to be managed under the concept of loan in bank transfer.
• A promissory note must be presented that is issued by the institution that was in charge of providing the money.
• It is necessary to present an account statement that is granted by the banking institution that gave the loan.

In case you need to justify the loan, you must take into account the date, amount, time and concept for which the loan was carried out. transfer.

Another alternative to verify a loan before the SAT is to use the documents in XML format, in which the registration and linkage with the accounting records must be shown.

So, don’t let the justification pass you by, otherwise you could get yourself in serious trouble with the SAT.

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