As the deadline for filing the annual tax declaration with the Tax Administration Service (SAT) in Mexico approaches in 2025, it is crucial to understand who is obligated to comply with this process and who is exempt.
Every year, taxpayers in Mexico must file their annual declaration, reporting their income and paying the corresponding tax. However, the SAT establishes exceptions for certain groups of individuals who are not required to file, facilitating their tax compliance.
Those who are required to file the 2025 annual declaration include:
Individuals who have earned income from employment, business, or professional services.
Individuals who have received income from investments or real estate rentals.
Individuals who have made purchases or transactions exceeding certain thresholds.
The SAT has emphasized that the RESICO (Simplified Tax Regime for Income) is designed to simplify tax procedures for individuals and legal entities earning less than 3.5 million pesos annually.
This regime, which applies only to the annual declaration, offers advantages such as ISR rates between 1% and 2.5% on income collected and simplified monthly declarations with pre-filled information.
Among the taxpayers who can benefit from RESICO are small business owners, property landlords, and service providers.
Failure to comply with this tax obligation can result in fines, surcharges, and tax audits by the SAT. Therefore, it is advisable to file the declaration within the established deadline, avoiding delays and penalties.
In 2025, the SAT has implemented tax incentive programs for those seeking to regularize or improve their tax status, so it is important to be informed about the available options.
If you have any questions about your tax situation, it is recommended to consult with an accountant or tax advisor and refer to the SAT website for more information.