Find The Answers To Repeated Questions About Your Net Worth Statement

Am I supposed to file my net worth statement?

This question is usually asked at the beginning of each year when taxpayers do not know, in whole or in part, the conditions that must be satisfied and the information that must be reported to the Internal Revenue Service (SRI by its Spanish acronym).

To understand if it is necessary to file the net worth statement in May, one must be aware that this obligation arises if as of December 31 of the previous year:

1. the total assets of natural persons are greater than US$ 223,400 (in 2016);
2. the total assets of the common property of husband and wife are greater than US$ 446,800 (in 2016).

What and how must the net worth be reported?