Do you invest in Cetes? If you do, you must also present your annual declaration. Before the end of April, the annual tax return must be submitted, it reports on the expenses and income that have been obtained throughout the fiscal year.
If you invest in Cetes or fixed income instruments, you must carry out this procedure because, when placing money in an investment instrument, it generates returns for which you earn resources from it, which is considered income and as all income must be declared before the Tax Administration Service (SAT).
The presentation of the annual declaration is an obligation for investors, it does not matter if you are an employee or an individual, however it is not as bad as it sounds, even carrying out the process can benefit your personal finances by obtaining a favorable balance.
In the case of fixed-income instruments such as Cetes, when investing, a percentage is withheld as a tax, which changes every year, depending on the SAT, currently the withholding percentage is 0.15% per year. The withholding is made automatically on the invested capital, however it is provisional and is not the final tax.
Therefore, if when investing in instruments such as Cetes you have noticed that they collect taxes, this is only provisional and you still have to present the annual declaration to pay the Income Tax (ISR) on the real interest obtained.
Rodrigo Coutiño, spokesperson for InvestorHouse, explained that if 100,000 pesos were invested in Cetes, 0.15% is withheld from that amount, that is, 150 pesos, as it is a provisional withholding, an annual declaration must still be filed to make the ISR payment on the actual interest earned.
The real interest obtained is the profit discounting inflation, that is, if from the 100,000 pesos, an annual return of 10% was obtained, 10,000 pesos were earned per year, inflation must be discounted from these, assuming that inflation If it is 7%, from those 10,000, 700 pesos are subtracted for inflation, that is to say that the real profit was 9,300 pesos, this amount is added to the other income that you have such as salaries, rents, house sales, fees, among others. others, and from this the amount to be paid for ISR is calculated according to your tax rate, which can reach up to 35%, in the highest tabulator.
Declaring can also help
A key factor when declaring investment taxes is inflation, since the provisionally withheld tax (this year of 0.15%) cannot be greater than the returns generated, or when the profit obtained through instruments such as Cetes is less. to inflation, in these cases a favorable balance can be obtained.
“When inflation was higher than what was earned in Cetes, we could not pay anything or even get a refund, because I lent money to the government and it paid me 5%, but the inflation rate is 7%, so there was no profit and apart you withheld a tax from me. By making these accounts, the tax authorities end up owing the investor”, explained Rodrigo Coutiño.
Why invest if I’m going to pay taxes
Many benefits are obtained by investing, including preventing money from suffering the loss of purchasing power due to inflation or the creation of wealth; In addition, when making the annual declaration, you can obtain a credit balance for those expenses for which taxes are already paid.
“Many people say, why pay taxes to invest, but we pay taxes all the time, when you go to a store and buy you already pay 16% of the Value Added Tax (VAT); If you put that against the profit of thousands of pesos that you can obtain in the future through an investment plan, the tax to be paid is minimal,” Coutiño commented.
