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Mexico: Voluntary disclosure program, applications due by 15 August 2019

Mexico: Voluntary disclosure program, applications due

Taxpayers with unreported income or undisclosed assets may be able to participate in a voluntary disclosure-type program and avoid the possible imposition of penalties.

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The voluntary disclosure program (Programas de Auto Regularización) is available with respect to the period 1 July 2013 through 31 December 2018, provided that permission to participate in the program is granted by the tax administration (Servicio de Administración Tributaria—SAT).

To participate in the voluntary disclosure program, taxpayers must satisfy certain requirements, including that they:

  • Are up to date with their 2019 tax obligations
  • Have submitted an application no later than 15 August 2019
  • Have received authorization from the SAT

Items that may trigger consideration for filing an application to participate in the voluntary disclosure program include:

  • Real estate leasing transactions (including between related parties or within the same business group)
  • Granting of loans
  • Real estate development and construction services
  • Receipt of donations
  • Provision of various professional services, including personnel outsourcing
  • Resource management through savings bank schemes

Read an August 2019 report (Spanish) prepared by the KPMG member firm in Mexico

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