Many times we plan to make sales of our properties, such as our vehicle, this to acquire a newer model or even to be able to Pay a debthowever, little is known that at the time of selling a car it is necessary that you inform the tax authority.
In Mexico it is assumed that this activity, speaking of offer new or used unitsis regulated by the Tax Administration Service (SAT), that is why sellers must notify the institution, otherwise they could be creditors to a fine, surcharges or audits, which could affect your credit history.
Can I be fined for not reporting to the SAT?
In the case of not informing the tax authority about said transactions, the fines range from 1,400 to 17,370according to him Federation fiscal Code.
Even if the sale is made between individuals, it must be notified in the annual declaration, even if it is not registered in the Federal Taxpayer Registry (RFC), and if it is the case, you have to register. If the assignment is to a company, there is no tax charge, as long as the transaction does not exceed the 175 thousand pesoswhich is the maximum deductible amount.
New Car Tax Rates (ISAN) cars value less than 313 thousand 163 pesosare exempt from this tax whose price ranges between 313 thousand 163 pesos or 375 thousand 795 pesos, the rate will be one thousand 263 pesos for vehicles whose price is between the 439 thousand 438 pesos, they will have to pay to the SAT a fee of one thousand 294 pesos.
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recommendation to avoid penalties and extra disbursements, is precisely to make sales for a moral person. In the case of the purchaser, you must only deduct the purchase of the vehicle in his statement. If it is within the fee regime, business activity or tax incorporationwhich will have a maximum limit 175 thousand pesos.
It should be noted that this only applies when the negotiation is with a company, because when making the purchase with a natural person, they do not receive or deliver an invoice. As established with the Law Against Money Launderingany transaction that is carried out for more than 250 thousand pesos will be kept under analysis by the SAT.
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