Extension to file annual income tax return
According to Article 150 of the Mexican Income Tax Law all residents receiving income during the calendar year are required to file an annual tax return no later than April 30th, of the succeeding year.
However, due to the evolving COVID-19 outbreak in Mexico many business associations, professionals and the international community requested to the Federal Government tax measures in order to mitigate the financial impact of the pandemic.
Therefore, on April 22nd, 2020, the Mexican tax authority (“Servicio de Administración Tributaria”) published on its internet site the fourth advance version of the First Resolution on Amendments to the Fiscal Miscellaneous Resolution, in which rule 13.2. was incorporated, allowing individuals to file their 2019 annual tax return no later than June 30th, 2020.
This measure aims to facilitate tax collection and encourage taxpayers to complete via online these proceedings. At the moment of the elaboration of this report, the rule at hand has not been published on the Federal Official Gazette.