Annual Statement: Why do I owe SAT if I'm a wage earner?

Every April, millions of Mexicans start Google searching for questions such as “what if I don’t file my annual statement?” or “how do I know if I have a favorable balance on the SAT?” And it’s not for less: April is the month in which the annual tax return is made, a fundamental procedure for taxpayers individuals, including salaried workers. But this year, a phenomenon caught attention: some wage earners with incomes less than 400 thousand peso…

The deadline to comply with the annual tax return has already started and taxpayers have plenty of time to comply in time and form with this requirement. However, not everything is usually perfect and if for some reason it is difficult for you to do so during the month of April, you should know that there are penalties to which you can be owed both for not submitting it and for doing so in a short time. From a single employer and they stopped wo…