When opening a banking account, it is mandatory that all taxpayers be registered at the Federal Taxpayers' Registry.

 

It is important to point out that partners and shareholders are already joint and several liable for the company’s generated taxes, with their own estate, up to their contributions in the share capital, and up to the company’s assets, provided that they have the actual control of the company, and that  the following requirements are met: (i) not be registered at the Federal Taxpayers’ Registry; (ii) being not available at your tax address; (iii) do not keep accounting books; or (iii) to disappear during the course of an audit.

 

For the Internal Revenue Service (SAT) control purposes, it is mandatory to keep the accounting books on line or by electronic means.

 

Moreover, we highlight the new provisions on the annual Tax Audit Report: it is optional to file the annual Tax Audit Report since 2014, meaning that is no longer mandatory, provided that the taxpayer’s cumulative income is above 100 million Mexican pesos.

 

We also highlight that the Internal Service Revenue (SAT) is able to conduct audits by electronic means, through the tax mailbox; notwithstanding the obligation to keep accounting books by electronic means.