Mexico.- For many, the way the Tax Administration Service (SAT) operates is a mystery, even so, the people who, in their family or friendship circle, usually do cash transfers or deposits to accounts of people who do not have their Federal Taxpayer Registry (RFC), the best thing is that they know that this can have some not-so-pleasant consequences.
If you are in the habit of making cash transfers or deposits to bank accounts of family or friends, as a way of offering them your financial assistance, you should know that this action can draw the attention of the fiscal body from Mexico and you don’t want that to happen.
The first consequence of depositing a person who does not have an RFC is that they can be called by the SAT to clarify the origin of the money that reaches their financial account, as long as said amount is greater than million 579 thousand pesos annually, in accordance with the provisions of article 59 of the Federation fiscal Code.
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If the person does not clarify to the body the origin of the deposits they have received, these will be considered by the SAT as income that they have to pay contributions, such as Income Tax (ISR). In addition to this, you will be forced to carry out your annual return so that you are not charged with financial reprimands.
On the other hand, when the amounts to the person who does not have an RFC are in cash, the action will be referred to the SAT when the amount exceeds the 15 thousand pesos a month, so they will very surely call the person to whom it is deposited to clarify the origin of the money that reaches their account, but first the Taxes on Cash Deposits will have to be paid (HERE).
The most advisable thing to avoid that people without RFC are affected by transfers or cash deposits is that the financial movements are carried out by electronic transfer of the Interbank Electronic Payment System (SPEI), with this it will be easier to demonstrate the origin of the resources they receive.
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Now, when the beneficiary is called by the SAT to clarify the situation, he will necessarily have to present account statements, proof of expenses, deposit payment receipt and submit to an expert test in order to corroborate that the patrimony of the person who deposited did not increase without any justification.