The Tax Administration Service “SAT '' announced that as of January 1, 2020 changes will be implemented in the way of filing taxes and watch out if you are one of the people who work in the United States but live in Mexico, this information will be of your interest.

According to an article in Noticias Ya, if as a Mexican you make payments by means of transfers in a foreign account under your name and you do not declare it to Hacienda (Mexican department of treasury) and Public Credit, you can be subject to investigation by the SAT.

If the authorities do not see a statement by the same person in their systems, it is when the analysis or investigation process begins

said in an article Miguel Ángel Guillén de León, creator of Fiscal content in Concanaco Servytur and former department head at SAT Tijuana.

Jorge Pickett, a tax lawyer, explains that the information exchanged between the United States and Mexico is from the US accounts with amounts greater than $ 50,000.00, although it could also happen with any other account with a lower balance.

The best way to avoid problems will be to declare any transaction with the SAT. It should be noted that this does not mean that you pay double taxes, Guillen says that the taxes paid in the US can be considered in the Mexican calculation "so that I get less to pay or that nothing comes out to pay."

People have reacted negatively after the announcement of instant billing, creating controversy in social networks. And there are more experts that shared their opinion like, Hamlet González, mentioned a month ago that the SAT had a hidden interest behind this issue, referring to the fact that this would make it easier for them to detect the "Fiscal discrepancies" in natural persons.

Source: Noticias Ya