Even if you are an employee, you must submit your annual return if you meet these characteristics

April 30 is the deadline for submitting the annual statement for fiscal year 2018 to Tax Administration System (SAT)and if you are salaried With certain characteristics, you should also declare.

The annual return is the tax liability by which natural persons inform the SAT of income, personal deductions, withholding taxes and interim payments that they had last year. Fill in time helps avoid fines and be among the first to receive tax refunds.

Employees are people hired by one or more employers, also known as entrepreneurs, who badign them a series of activities during their work day, pay them a regular amount of money and give them certain benefits, This salary is also called salary.

No matter how many employers or employers you hold, you still participate in the salary and wages system. If you receive income from a single employer, you are not required to report unless you have obtained annual income of 400,000 pesos or more. But if there are two models in the same year, even if you do not exceed 400,000 pesos a year, It is an obligation to declare.

If the company asks you to sign a new contract As they have changed their name, you must submit your annual return because you changed employer during the course of the exercise, even if you continue to hold the same job, in the same company and regardless of the amount of your income.

You must also declare If you stopped providing services before December 31st of the year in question and if you have received income for retirement, pension, liquidation or some sort of work compensation.

The same thing happens if you have other cumulative income (fees, lease, commercial activities, among others) in addition to wages.

You are exempt from submitting Annual declaration, according to the SAT, if you place yourself in one of the following cases:

-You have received income exclusively for wages from one employer, as long as you issued the CFDI on the payroll for all income, even if they exceeded 400,000 pesos.

-Have earned income for wages and also earned a nominal interest have not exceeded 20,000 pesos.

What is required to submit the annual report

To report the fiscal year, you need the Federal Taxpayer Registry (RFC) 13 digits with homoclave, the pbadword, the name of the bank and the 18-digit Clabe account number, if the taxpayer has a credit balance. If the SAT refunds more than 10,001 pesos, the taxpayer must have an electronic signature (e.firma).

The tax information requested relates to the taxpayer's monthly collections and deductions, fee income or expense invoices related to his activity during the year and personal deduction bills. Therefore, before depositing the annual obligation, citizens must have their monthly statements up to date.

Penalties for not paying taxes

The SAT imposes the payment of 1 400 to 17 370 pesos for each undeclared obligation in the corresponding term. From $ 1,400 to $ 34,730 per bond that the tax system charges after submitting the annual return and reporting outside the established period or for default.

To not submit the statements online, do it out of time or violation with the requirements to present them, the sanction goes 14,230 to 28,490. Those who are registered in the register of importers and who do not present the annual tax obligation will be suspended.