For those who plan to sell their car to another person, take note, because this information interests you.
In Mexico It is assumed that this activity, speaking of offering new or used units, is regulated by the Service tax administration (SAT)Therefore, in the case of sellers, it is necessary that they notify the institution, otherwise they might be entitled to A finesurcharges or audits, which might affect your credit history.
What is the fine for not notifying the SAT of the sale or purchase of a car?
In the case of not informing this institution of such transactions, fines They range from thousand 400 up to 17 thousand 370 pesosaccording to him Federation fiscal Code.
Even if the sale is made between individuals, it must be notified in the annual declaration, even if it is not registered in the Federal taxpayer registration (RFC), and if this is the case, you must register.
If the assignment is to a company, there is no tax charge, as long as the transaction does not exceed 175 thousand pesoswhich is the maximum deductible amount.
The recommendation to avoid penalties and extra disbursements is precisely to make the sale with a legal entity.
What should the buyer do?
In the case of the purchaser, he will only have to deduct the purchase of the car in his declaration. If it is within the regime of fees, business activity or tax incorporation, the limit will be maximum 175 thousand pesos.
This applies only when the negotiation is with a company, because when making the purchase with a natural person, an invoice is not received.
According to the Law Against Money Launderingany transaction carried out by more than 250 thousand pesos will be subject to a review by the SAT.
New Car Tax Rates (ISAN)
- Cars value less than 313 thousand 163 pesos, are exempt from this tax
- Whose price is between 313 thousand 163 pesos or 375 thousand 795 pesos, the rate will be one thousand 263 pesos
- Vehicles whose price is between 439,438 pesos, will have to pay the SAT a fee of 1,294 pesos
