How do I know if I have a balance in favor or against in my declaration before the SAT?

The Miscellaneous Fiscal of Mexico for 2022 causes controversy 2:52

(CNN Spanish) –

During the month of April, independent workers in Mexico or those who are registered in the Tax Administration System (SAT) as individuals must submit their annual tax return in which they could receive a balance in favor or against

We tell you how to check the balance in favor, or against, and how to request a refund.

How to know if you have a balance in favor on the SAT?

Taxpayers have a credit balance when they pay more than they were required to pay, according to the SAT.

You will be able to know this at the time of making the annual declaration where taxes are calculated.

If it turns out that you overpaid, you can request a refund of the credit balance from the tax agency.

The rules for taxes in Mexico approved by the Chamber of Deputies 4:15

Within the platform there is a microsite where the annual declaration simulator is located, there with your RFC (Federal Taxpayer Registry), password or electronic signature, you can enter and see a preliminary version of your declaration.

Within this simulator there is already the preloaded information of your movements during the year.

advertising

How to request a tax refund in the SAT?

To request the return of the credit balance, simply provide your interbank CLABE (bank code) and the name of the bank at the time of making the annual statement, that is, before sending it.

Then go to the returns and compensation section, click on "request your return", enter the system by completing the form with your data and upload the required scanned documents.

Choose the return and signature option and send the procedure with the support of your electronic signature.

The SAT will grant the electronic acknowledgment of receipt with a folio that can be downloaded and printed.

In order for the annual return of the previous fiscal year to be automatically returned, you must present it no later than July 31, according to the tax agency.

You can track your return in the "Check your automatic return" section.

• Calendar of the annual declaration before the SAT 2022 in Mexico: dates and limits

How do I know if I have a negative result on the SAT?

In the event of a negative balance, you will have to pay the amount corresponding to the SAT.

You can pay in a single exhibition, or in installments.

The SAT offers a term of up to 36 months, so the taxpayer in this situation must make an initial payment of 20% and 80% will be covered within the terms agreed with the tax agency, but keep in mind that The following interest will be charged:

From 1 to 12 months: 1.26%

From 13 to 24 months: 1.53%

From 25 to 36 months: 1.82%

Taxes