Mexico’s tax authority, SAT, has urged a third group of large taxpayers, including some in the mining sector, to voluntarily complete their 2020 and 2021 tax contributions if the rates used in their returns for those years were lower than those published for each activity. this week .

“Taxpayers whose effective rate is lower than the parameters published by the SAT have been contacted via tax messaging, so that they can carry out their analysis and voluntarily correct their tax situation by filing additional annual declarations,” the agency said. in a press release.

The publication of this third list of effective rates is part of the control actions detailed in the SAT 2023 master plan and includes eight other major economic sectors. The agency has already released effective rates for silver, gold, copper, nickel and steel mines for both fiscal years.

EFFECTIVE RATES

The effective rate for iron mining in 2020 is 5.77% and 6.25% for 2021, and 6.45% and 8.12% for other metallic mineral mining.

The refining of other non-ferrous metals must adjust its tariffs for 2020 to 4.89% and to 5.84% for 2021.

The effective rate published by the authority for 2020 for mining or prospecting services and the dismantling of drilling rigs is 5.06% and 6.10% for 2021.

The SAT stressed that the measure also aims to “minimize the possibility of initiating in-depth examinations aimed at corroborating the good compliance with its tax obligations”.

The agency considers a large taxpayer to be one who declares income of more than 1,500 million pesos a year ($79.3 million).

The tariffs are established “on the basis of the information available from the SAT itself, such as that obtained in the annual declarations, tax declarations, information on the tax situation of taxpayers, informative declarations, digital tax receipts in online, petitions, among others,” according to Assis.

Guillermo Mendieta, audit and tax partner at Mendieta & Cía., said in a recent interview with BNamericas that subjects called upon to review their tax situation do not necessarily have to adapt to the effective rate published, because it is a average weight.