Mexico: Updates to presentation of 2023 annual declaration of legal entities

Main changes indicated by the tax administration

Main changes indicated by the tax administration

The tax administration (Servicio de Administración Tributaria—SAT) on 4 January 2024 announced updates and improvements for the presentation of the 2023 annual declaration of legal entities. The main changes indicated by the authority are:

  • Tax losses to be amortized that are not displayed in the form can be added, coming from the years 2013 to 2021.
  • The first and second update of the tax loss to be amortized are included if generated in 2022.
  • The cash flow statement and the statement of changes in stockholders' equity are eliminated from the format.
  • The information from the financial statements presented in the immediately preceding fiscal year will be pre-filled.
  • A field is added to include the immediate deduction, in accordance with the relocation decree (nearshoring) and the decree that grants tax benefits to taxpayers in the areas affected by Hurricane Otis.
  • The print format was reduced to make it easier to identify some deductions.
  • The financial statement format is renewed to provide greater certainty when viewing taxpayer data.

Finally, it is reiterated that in order to send the declaration it is important to have an e-signature and to be current with the provisional payment declarations, annual income tax declarations from previous years, among other elements.

Read a January 2024 report (Spanish) prepared by the KPMG member firm in Mexico



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