2. Mexico
Monetary threshold for LF preparation
Applicable if any of the following conditions are met:
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Revenue in the immediately preceding fiscal year exceeded MXN 13 million; or
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Income from professional services exceeded MXN 3 million
Preparation deadline
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By May 15 of the following fiscal year to complete Annex 9 of the DIM.
Submission deadline
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By May 15th of the following fiscal year, in line with the submission deadline for Annex 9 of the DIM.
Language
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Spanish
Penalty
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A penalty ranging from MXN 199,630 to MXN 284,220 may be imposed for failure to submit the LF.
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Additional consequences may include disqualification from government contracts, revocation of the importer’s registry, and denial of deductions for cross-border payments.
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Reference : Artículo 76, fracción XII – LISR (Spanish) , Artículo 76‑A (Spanish)
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