VAT declaration

VAT-registered businesses are required to submit monthly VAT returns.

There is often an option to submit quarterly VAT returns if turnover is below a specific limit. In addition to periodic returns, an annual summary VAT return is required.

Mexico specifics

The procedure for submitting a VAT return is an electronic process. Taxpayers who submit the informative tax return (DIOT) every month can opt to be exempt from submitting the VAT information in the annual tax return.

The Mexican Tax Authorities provided an application where VAT can be prepared. Submit form F3241.

For information about the DIOT Report, see Withholding Tax Reporting (100373).

How Infor meets the requirement

See the Tax User Guide and the Financials Setup and Administration Guide.