Mexican taxpayers get extension for filing of 2012 annual tax report
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Mexican taxpayers get extension for filing of 2012 annual tax report

fotoflexer-photomexicoflag50.jpg

For certain Mexican taxpayers, it is mandatory to file an annual report in which an external auditor provides an opinion related to the correct fulfillment of tax obligations.

This tax report should be uploaded jointly by the taxpayer and the external auditor to the Mexican Tax Services Administration website.

The taxpayers that are obliged to file the mandatory annual tax report are those that:

  • report revenue of about $3 million during the previous fiscal year.

  • own assets with a value of about $6 million.

  • employ at least 300 people in each of the months of the previous fiscal year.

For 2012 tax report purposes, the official deadline was July 1 2013. However, the website experienced some technical difficulties in the ldays running up to this date; as a consequence, the Mexican tax authorities extended the deadline until July 3, so tax reports submitted on July 2 and 3 will be considered as filed on time.

It is important to note that the tax report is a particularly important obligation for those taxpayers that consolidate their results for tax purposes since, though holding companies have to file an additional tax report on a different date, subsidiaries are also obliged to fulfill this requirement on the aforementioned terms.

Gustavo Gómez (Gustavo.gomez@mx.ey.com) and Iovana Arciniega (iovana.arciniega@mx.ey.com)

more across site & bottom lb ros

More from across our site

Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
Jeremy Brown arrives at the firm after a near 16-year career with Deloitte
PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term
The Senate report into PwC’s scandal is titled ‘The cover up worsens the crime’
Law firms that are conscious of their role in society are more likely to win work, according to a survey of over 23,000 in-house professionals
The firm’s tax business generated a quarter of HLB’s overall revenues in 2023
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort
Binance has also been accused of manipulating foreign exchange rates via currency speculation and rate-fixing
Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm
The partnership of KPMG UK has installed Holt for a second term as CEO and senior partner; in other news, a Baker McKenzie partner has sued the IRS
Gift this article