SAT intensifies fines on deposits and transfers in 2025

The Tax Administration Service (SAT) has intensified surveillance in 2025. Undeclared transfers and deposits can lead to significant penalties, so it is crucial to understand tax obligations and the possible consequences of non-compliance.

Tax obligations regarding transfers and deposits

Taxpayers are required to declare additional income reflected in their bank accounts, including loans, donations, or cash deposits.

If the annual amount of this income exceeds 600,000 pesos, it is imperative to report it to the SAT to avoid penalties.

Penalties for not declaring transfers

Failing to properly declare this income can result in fines that vary according to the severity of the omission. Penalties can range from 50% to 75% of the undeclared amount. Additionally, surcharges for updates and late declarations will be applied, increasing the total owed.

For example, if a taxpayer receives undeclared deposits totaling 700,000 pesos, they could face a fine ranging from 350,000 to 525,000 pesos, not including additional surcharges.

SAT procedures in case of irregularities

The SAT has the authority to investigate those taxpayers whose bank movements do not match their tax returns.

If irregularities are detected, a tax audit may be initiated. During this process, the taxpayer's finances will be thoroughly reviewed, and if the income can't be justified, the corresponding penalties will be imposed.

Recommendations to avoid penalties

To avoid issues with the SAT, it is advised to:

• Declare all additional income, regardless of its origin.

• Maintain records and documentation supporting each financial transaction.

• Consult with a tax advisor to ensure compliance with tax obligations.

Additionally, it is important to remember that banking institutions are required to report to the SAT any cash deposit or electronic transfer equal to or greater than 15,000 pesos in a single day.

Therefore, even smaller amounts may be subject to review if considered unusual or not adequately justified.

Tax regularization programs

For those who have incurred omissions, the SAT offers tax regularization programs. These programs allow taxpayers to catch up with their obligations, offering benefits such as a 100% reduction in fines, surcharges, and execution costs.

Citizens have stated that this measure only seeks to pursue and find ways to fill public coffers.

Especially this government, which has a deep reliance on clientelistic programs.