ENCOURAGEMENT OF TUITION FEES FOR ANNUAL DECLARATION FOR FINANCIAL YEAR 2019.

In the midst of the health contingency in the country and still far from this situation being resolved due to the increase in outbreaks that continue to occur, taxpayers are in a position to file their annual declaration as a natural person for the year 2019, with an end date to fulfil that obligation by 30 April 2020.

In view of this, the Tax Administration Service (SAT) has a benefit for taxpayers who have children studying in private schools (incentives on tuition fees), it is important to remember that this benefit applies provided that an invoice with the respective XML has been requested from the educational institution concerned, such invoice must contain the following information:

                        – Name of the pupil and if applicable CURP.

                        – Educational level of the pupil.

                        – RFC of the taxpayer paying tuition.

                        – That the school is recognized and officially valid for studies.

– The payment of the tuition fees must be made by transfer, credit or debit card,   personal check.

The ceiling for deducting these tuitions, which are:

– Preschool                                         $ 14,200.00

– Primary                                            $ 12,900.00

– Secondary                                        $ 19,900.00

– Professional Technician                  $ 17,100.00

– Baccalaureate or its equivalent $ 24,500.00

When payments for education services at two different levels are made in the same year by the same person, the deduction limit is the one corresponding to the higher of the same educational levels.

This benefit does not apply to: registrations, reinscriptions, catering services, extracurricular activities, undergraduate, postgraduate, specialty, master’s and doctoral degrees.

For Bandala | Díaz | García it is important to inform about the benefits that the taxpayer has in this period of annual declarations, that is why to avoid doubts on the subject and for your convenience, we invite you to approach us to provide professional and personalized attention at all times.