How much did the SAT collect from large taxpayers in 2024?

MEXICO CITY (apro).- The Tax Administration Service (SAT) announced that it collected 359.25 billion pesos from large taxpayers from January to May 2024, meaning the tax authority was able to collect 261.563 billion pesos more than in the same period last year.

According to the 2024 Master Plan – published in January of this year – there are 62,942,315 active taxpayers, of which 12,867 are large taxpayers.

The program to audit large taxpayers focuses on those who invoice more than 1.8 billion pesos per year, which are concentrated in 18 specific economic sectors, including the steel, automotive, construction, electronics and financial sectors.

Of the total tax revenue, according to the SAT, 52% corresponds to large taxpayers, which represents one trillion 113 thousand 816 million pesos collected from January to May 2024. Of this revenue, 24% corresponds to income tax (ISR) withholdings on workers’ salaries and wages.

For the rest of the taxpayers, the inspection actions achieved a collection of 109,927 million pesos, of which, 29,298 million correspond to foreign trade.

On June 10 of this year, the SAT announced that tax collection during the first five months of this year reached 2 billion 130 thousand 565 million pesos, which represents an increase of 206 thousand 47 million pesos, compared to with the same period in 2023, that is, a real growth of 5.8 percent.

According to the tax authority, the audit measures help to identify evasive behavior in real time in the highest risk sectors, as well as to constantly monitor taxpayers operating under special trade programs.

On this occasion, the SAT stressed that during this period they managed to fully or partially regularize 377 large companies, during the same period from January to May of this year.

The Treasury also detailed that large taxpayers collect the value-added tax (VAT) on the taxed goods and services they sell, which is paid by consumers and subsequently delivered to the SAT. In the first half of this month, the agency announced that 559,292 million pesos were collected, 44,663 more than in the same period in 2023.

The Treasury Department said that the increase in tax collection is the result of the consolidation of the Master Plan 2024, with which they seek to have efficient tax collection, improve taxpayer service and eradicate practices that erode the tax base.