Monterrey.- A few days before the March 31 deadline for filing the 2022 annual tax return for legal entities (companies), the SAT (Service tax administration) made changes to the application, which puts taxpayers at risk of non-compliance, warned the Institute of Public Accountants of Nuevo León.
“We have some practical problems when preparing the return in question, since it has been observed that there is a loss of information captured by the taxpayer in the application, despite saving it,” explained the professional association in a document.
“The level of detail of information required and the type of interface with the user is causing taxpayers to require, on average, 3 to 5 hours of time investment to fill out the form; when in the previous application approximately one hour was spent”.
The update that has been made to the application of the Annual Declaration of Legal Entities, he added, does not make distinctions regarding the information required for the different types of taxpayers that exist, nor to their circumstances or administrative capacity of the majority of small and medium companies.
Among the most relevant changes in the application are the one that the SAT requests for the first time financial statements and reconciliation of comparative years 2021 and 2022in addition to two additional financial statements: the cash flow statement and the statement of changes in capital.
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“For the first time, it requires that all fields be filled with at least one zero; the detail of the exempt and non-cumulative income, and the monthly detail of the fees paid to individuals and the Simplified Trust Regime (Resico), among others”.
Another change that causes uncertainty for taxpayers is that the authority added a field to which it calls “Grades” in each accounting account to make clarifications or precisions regarding its integration or variation.
It also removed the concept of “Others” in the reconciliation to instead request more detailed information, being necessary to choose one of the concepts pre-established by the application.
He added that this implies that the taxpayer must capture 100 percent of the information on a single occasion and without interruptions.
Another problem with the system is that there is confusion in items for reconciliation and to download the preview of financial statements before sending them, and validations with insufficient time for corrections to monthly statements and reflect them in the annual statement.
With information from Reform
