Extended Deadlines for Audits

On May 4, 2020, the public Tax Administration Service (SAT) through its website https://www.sat.gob.mx the Sixth Advance Version of the First Resolution of Amendments to the Miscellaneous Tax Resolution for 2020, where one of the changes that were made was the suspension of deadlines for the execution of home audits, with a 12-month extension period.

But why was the deadline for these audits extended? In Art. 46-A of the Fiscal Code of the Federation, mentions that the tax authorities must conclude the visit that take place in the tax domicile of the taxpayer within 12 months, counting from the notification to the taxpayer of the start of the verification powers, but derived from the coronavirus epidemic (COVID-19), many of the companies have closed their businesses or are operating through home office, so it is difficult for the authority to carry out or complete these audits.

As a result of this change, many of the companies that were subject to this type of audits by the tax authority have benefited, as they will not receive home visits, and consequently may not be subject to fines for the purposes of penalties, but especially because they are not localized.

If you have an audit in progress, and want to determine your deadline for the delivery of requested information, we invite you to come to us. In Bandala | Díaz | García we are operating and ready to advise you on the process to be carried out, likewise we invite you to know our social networks where you can keep informed with relevant news that may be of your help.