New Tax Rule Puts Cancún Businesses at Risk

Cancún, Mexico — The Cancún College of Public Accountants has warned that a recent fiscal reform could generate uncertainty among taxpayers by empowering the Mexican Tax Administration Service (SAT) to presume that transactions are false.

The reform grants the SAT the authority to presume an operation is fictitious, with the obligation falling on the taxpayer to prove its legitimacy.

Carlos Barreiro Montañez, president of the Cancún College of Public Accountants, stated that this measure could affect companies and taxpayers who operate on a regular basis.

“With this reform, the righteous pay for the sinners. We understand the need to combat tax crimes, but we must not allow them to interfere with normal operations,” he said.

The College of Accountants will hold a congress in January to analyze the legal changes.

The expert highlighted that the modifications make it indispensable for companies to have preventive strategic planning to avoid problems with the SAT. He warned that if a company does not have all the required documentation, it could face consequences such as the cancellation of its stamps, fines, or even be processed for a tax crime.

Barreiro Montañez emphasized that the reform could lead to excessive documentation and change the way a business operates.

“We hope they do not use the reforms in a perverse way, but that they are indeed used to pursue crimes,” he said.

The Cancún College of Public Accountants will hold a congress in January to address this and other important topics, such as the new Amparo Law.