Did your tax return get out of hand? Because the Tax Administration Service (SAT) offers those who do the 2023 fiscal year the possibility of paying the remaining balance in installments, being an alternative to avoid making large expenses and without falling behind on your tax obligations.
This Monday, April 1, he confirmed through a statement that taxpayers have the opportunity to cover their balance in up to six installments, as long as a series of requirements are met.
The installments are monthly, meaning that you can finish paying your debt with the SAT until September, relieving your finances if you need it and helping you avoid irregularities.
How does payment in SAT installments work?
The service indicates that once you have filed your tax return, and only if you meet the requirements, you can select the payment method to be in installments. With this, the system will allow you to pay your taxes monthly.
Your responsibility is to pay the first monthly payment in April and the following ones once a month, having until the last day of each month to cover the corresponding amount.
The SAT explains that the capture lines generated by the system must be used when making the declaration.
What are the SAT requirements to pay your debt in installments?
According to the SAT, it is essential that you meet these series of requirements to be allowed to pay the tax debt in installments:
- Comply with your declaration in a timely manner, that is, in April.
- Cover the first monthly payment in April.
- Make payment at authorized credit institutions.
- In addition, you have the option of making advance payments and thereby speed up the process to cover your debt.
- Surcharges will be charged if you are late with payments.
- The last monthly payment must be paid, in all cases, no later than April 30.
When you make your return, consider the benefits of covering your debts with the SAT in installments, and if you choose this modality, avoid going into debt by delaying payments.
