SMEs baffled by online tax payment

- Friday, February 7, 2003

SMEs baffled by online tax payment

Mexican small- to medium-sized enterprises (SMEs) are having difficulty learning how to use the electronic payment system operated by tax agency SAT (, Mexican daily Diario de Monterrey quoted SME representative Maritza Lozano as saying.

Lozano, chairwoman of an SME commission in the corporate develoment chamber of the state of Nuevo Leon, urged the SAT and banks to give SMEs more incentives to use their portals. Several taxes are payable online, including the income tax, asset tax, VAT, a special products and services tax and the real estate sales tax.

According to the paper there are only around 3,000 SMEs, about 10% of Mexican firms, that have the means to submit wage and salary declarations online.

Start your 15 day free trial now!


Already a subscriber? Please, login

Companies with more than 500 employees are required to deliver wage and salary declarations on a diskette or CD, those with less than 500 employees must do so online, and only those with less than five employees may deliver printed declarations at SAT offices.