Obligation to use Advance Electronic Signatures in 2004 Mexican Annual Tax Returns
For the last couple of years tax regulation have required that corporate taxpayers file all their provisional and annual returns electronically. However, a new twist has been added to the e-filing obligation for taxpayers who for tax year 2004 have a statutory obligation or assume voluntarily the obligation to file independent auditor certified tax returns ("Dictamen Fiscal"). As of their upcoming Dictamen Fiscal filing, whose deadline for e-filing is June 30, 2005, they must now used an Advanced Electronic Signature ("AES") which your company must have by May 31, 2005.
The Dictamen Fiscal must be filed by corporate taxpayers who in 2004 had: (i) taxable income in excess of approximately US$ 3’000,000; (ii) an asset base worth US$ 5’500,000; or (iii) withheld on a payroll of 300 employees or more.
