monthly statements

The monthly tax return is the most important document for any business person. For those who have monthly activities or sources of income in their company - such as VAT taxes among others - they still need to submit an additional set of documents each month from January 1 to December 31.

If you're not careful with your finances, the snowball effect will leave you no room for error. There are many tax rules that must be followed to avoid fines or other problems in the future; it's important to stay on top of things to not only stick to these guidelines, but also to avoid any negative monetary consequences if something goes wrong now

If you want to be prepared for the SAT, it is important that you do so before you make any statements. We recommend that you have on hand all information about income taxes withheld, payroll payments and interim payments, as well as various other deductions that could affect the amount of money taken out of payroll each month.

The SAT web page will show you the preloaded information, accepting or rejecting the return and generating a payment form for an amount corresponding to your submitted entries. It is important to validate the information with the documents you have, since sometimes there could be discrepancies in the information.

The 2020 annual tax return is a report detailing the taxpayer's income and expenses for the past year. It must include the following items, but is not limited to these items.

- Income

– Personal deductions

- Provisional payments

– Retentions

To comply with tax legislation, companies must submit their annual declaration before March 31, 2022. If they do not do so, then there will be penalties

As the basis of this process, it includes all profits obtained during a fiscal year from the sale of products or services.

The Income Tax (ISR) is a type of direct tax on the money received for the transactions carried out. In other words, it applies to all profits from sales or services rendered.