One of the powers that Tax Administration Service (SAT) is that those who are not registered in the Federal Taxpayer Registry (RFC) Y receive or make bank deposits of more than one million 579 thousand pesos in a yearthe tax authority could look for them to explain where that income comes from.
According to article 59 of the Fiscal Code of the Federationthe SAT will be able to call those who receive or make bank deposits above one million 579 thousand pesos, since are income for which taxes must be paid.
The foregoing shall not apply if the person receiving said amount informs the SAT Over the Bank deposits that they have made or received, covering all the requirements that said decentralized body establishes.
Therefore, be very careful when family, friends or associates make you cash deposits or bank transfers if you don’t have RFCbecause although you are not obliged to keep your accounts every year in your annual declaration, the SAT yes you can investigate the origin of those resources.
It is recommended that you save your account statements, bank deposit slips and the proof of your expensessince these will help you or your relatives or friends if they do not have RFCin case the SAT requires them to clarify the origin of the resources that were deposited with you.
Why does SAT check bank deposits above the million 579 thousand pesos in one year?
The SAT checks the income and activities of taxpayers for which they must be paid taxes. If there are operations in which your name or the name of the other person who deposited you does not appear, they must show if the operations are allowed within the Federation fiscal Code.
The SAT You will be able to verify that the assets of relatives or friends did not increase in one year. If you were deposited or you deposited above the million 579 thousand pesos in a year and you don’t have RFCbut notify the SAT They will avoid paying taxes.