2024-04-09 23:36:00
Here we tell you how much time afternoon the Service tax administration (SAT) in returning the balance in favor.
From April 1 to the 30th of the same month, individuals and legal entities in Mexico who have obtained income of more than 400,000 thousand pesos per year or the equivalent of 33 thousand pesos per month must complete and submit their annual declaration, paying their taxes. to catch up with the SAT.
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Although, if when you make your annual declaration you have a balance in favor, the SAT must return this money, but if you do not know when it must be done, below we tell you the deadlines and procedures involved for the tax refund.
At what point does the SAT return the balance in favor?
According to current regulations, once it is determined that there is a balance in favor due to the fact that more taxes were paid than due, the Tax Administration Service must compensate it within a period of 40 business days from the corresponding request.
Although it may seem simple, the procedure requires following the following steps:
- Submit the annual declaration by the taxpayer.
- Make the balance refund request, please.
To facilitate the transfer process, it is important to highlight that said request can be made through the SAT electronic portal. However, it is important to provide accurate and up-to-date banking information.
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This is because once the refund is approved, the SAT will make the bank transfer of the balance in favor to the bank account registered by the taxpayer in their Return Form or associated with their RFC.
So, if you have a balance, please do not forget to carry out the aforementioned steps and comply with your tax obligations in a timely and accurate manner to maintain adequate tax compliance.
CSAS
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2024-04-09 23:36:00