Improvements to the 2023 annual statement for legal entities

8 February 2024

On January 4th, 2024, the new application for the Annual Income Tax Statement for Legal Entities (“Annual Statement”) was published on the Tax Administration Service (“SAT” for its acronym in Spanish) portal, with significant improvements to facilitate compliance with this obligation, among which the following points stand out:

1. Inclusion of tax loss carryforwards.

It will now be possible to manually add to the form the tax loss carryforwards pending for amortization arising from the annual returns for the fiscal years 2013 to 2021.

For losses generated in 2022, the first and second restatement of the tax loss carryforward for amortization are included.

2. Financial statements.

Elimination of the “Cash Flow Statement” and “Changes in Stockholders’ Equity Statement”.

Preloading of information from financial statements submitted in the immediately preceding year.

Increased certainty in previewing taxpayer data generated in the Annual Statement.

3. Immediate investment deduction.

Addition in the “Authorized Deductions” section for the immediate deduction of investments foreseen in the Relocation Decree (published in the Federal Official Gazette on October 11th, 2023) and tax benefits granted to taxpayers in areas affected by Hurricane Otis.

The above is applicable to both the General Regime and the Simplified Tax Treatment Regime (RESICO) forms

The aforementioned additions aim to simplify and ease the submission of the Annual Statement

Finally, reference is made to the fact that legal entities will have until April 1 of this year to comply with the obligation to file the Annual Statement.


In light of the above, in Bravo Abogados we would be happy to answer any question you may have regarding this legal alert.

Blvd. Antonio L. Rodríguez 3000, Colonia Santa María, 5to piso, Interior 501 Torre Albia, C.P. 64650 Mty, N.L., México T.

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