Mexico: New tax reporting format for legal entities

Mexico: New tax reporting format for legal entities

Mexico’s tax authority (Servicio de Administración Tributaria—SAT) announced the new format of the annual tax return declaration to be filed by legal entities of fiscal year 2019.

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The new filing format reflects the following changes:

  • There are two sections: (1) taxable legal entities (“ISR legal persons”), and (2) financial statements.
  • The "ISR legal persons" section has the following subsections: income, authorized deductions, determination, payment and additional data.
    • The “income” section already has prepopulated information. The cumulative income reported as provisional payments coincide with the amount of “nominal income.” This section cannot be edited. However, the type of income obtained (national sales or revenue from national or foreign services, foreign exchange gain, interest accruals, etc.) can be listed and detailed.
    • Most of the concepts contained in the “authorized deductions” section can be edited; however, the “wages, salaries and similar” provision is prepopulated with the information reported through the workers' payroll Comprobantes Fiscal Digital por Internet (CFDI).
    • The “determination” section considers the provisional payments made by the taxpayer (not subject to editing).
    • Automatic calculations reflect annual adjustment for inflation.


Read a February 2020 report (Spanish) prepared by the KPMG member firm in Mexico

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