ATTENTION! SAT Notice. Compliance in Vulnerable Activities: for Obligated Entities in Mexico

Compliance in Vulnerable Activities: New SAT Notice for Obligated Parties in Mexico

On November 1, 2024, Mexico’s Tax Administration Service (SAT) issued over 9,000 guidance letters to individuals and businesses involved in activities classified as vulnerable. This initiative aims to highlight the importance of compliance with legal obligations and the serious consequences of failing to do so.

Part of SAT's action plan, this measure promotes a culture of compliance and contributes to the fight against financial crimes. Vulnerable activities include sectors such as real estate, tourism, vehicle sales, and maritime services, which are particularly relevant in regions like Puerto Vallarta and Riviera Nayarit.

For businesses involved in these sectors, regulatory compliance is crucial to avoid sanctions and uphold a strong reputation. Specialized tax advisors with local and international expertise can assist clients in implementing preventive practices that meet regulatory standards, ensuring both compliance and competitive advantage in Mexico’s real estate and tourism markets.

If you operate in a vulnerable activity sector and need compliance assistance, our expert team is ready to guide you every step of the way, optimizing your processes and keeping you informed of legal requirements.

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