Due to adjustments in its policies, the Tax Administration Service denies the return of taxes for a sector of taxpayers which could have a negative effect on your finances. Find out who will be affected by the SAT after delay he pay of the balance to favor that thousands of people had calculated for this 2024as well as the reasons behind this decision.
Many taxpayers had been called by the SAT to fulfill your fiscal duties to file the annual tax return for this month of March. However, the system denies the return of taxes automatically, so delay he pay of the balance to favor who should receive this 2024for taxes and contributions made during the fiscal year that ended.
SAT rejects tax refunds to these taxpayers and delays payment of balance in favor
This decision has generated concern among Mexican companies by decline systematically requests for return of taxes and significantly lengthen the deadlines for pay of balance to favor. This phenomenon has generated uncertainty and financial difficulties for numerous taxpayers who trust in the promptness and efficiency of the SAT for the management of your tax affairs.
According to Jesús Herrera Casso, president of the Mexican Council of Foreign Trade, this situation has already occurred for a few weeks, which is why he assures that the taxpayers identified as legal entities, could have long-term consequences on the country's economy, since it could discourage foreign investment and hinder economic growth this 2024.
This forces companies to go through a legal process that, although it is finally resolved, lengthens the process of recovering those resources that businesses need for their operation, which is their working capital, up to a year.
Likewise, the president of the Mexican Foreign Trade Council assured that this delay in pay of balances to favor by the SATis creating additional financial strains for taxpayers identified as legal entities, which depend on these reimbursements to finance their business operations and maintain their cash flow at adequate levels.
We need a comprehensive industrial policy, which encompasses all fiscal, infrastructure and labor aspects, such as training, as well as aligned and non-disparate incentives for companies, which is what the industry needs and which has not existed in Mexico since a long time ago.
The situation that reaches the taxpayers Entrepreneurs have a significant export mix; we operate with a Value Added Tax (VAT). They are the main ones affected by the measure of the SAT with which denies the return of taxesso a strong reaction is expected, which could become complicated due to the electoral panorama of our country this year. 2023.