Mexico Tax Return Penalties: What Happens If You File Late or Not at All?

In Mexico, taxpayers must file their annual tax returns with the Tax Administration System (SAT). The deadline for individuals is typically April 30th of the following year. Corporations usually have until March 31st to file. Failure to file on time can result in financial penalties. The Federal Fiscal Code specifies penalties for failing to file, with fines ranging from 1,800 to 44,790 pesos. Additional penalties may apply for each undeclared obligation. For example, fines range from 1,810 to 22,400 pesos for each obligation not declared. Submitting an amended return declaring additional contributions more than six months after the original filing also incurs a penalty, ranging from 1,810 to 44,790 pesos for each obligation. Filing tax returns on time is crucial as it enables the government to allocate resources to essential sectors like health and education.