Do you have a debit card and do you receive deposits recurrently? Should you pay taxes for these movements? Can the authorities investigate you? This information interests you.
Are you worried about knowing what is the maximum amount of money you can have on your debit card to avoid being tracked by the Tax Administration Service (SAT)? There are rules and guidelines to which the financial institutions and the Ministry of Finance and Public Credit (SHCP) are attached.
You should also know that this includes different types of deposits and quantities that an account can receive.
Surely one of your plans for New Year is to improve your economy, but you must do it with responsibility.
Remember that annual statements are made every year, both in natural and moral persons, and are mandatory before the authorities; Not to do them, you can be called by the SAT to pay the corresponding fine.
How much can you have on your debit card?
The first thing you should know is that Mexico’s banking institutions do not establish a maximum amount of money on debit cards; That is, there is no limit.
However, there is a maximum monthly amount in the amount of money that your debit card receives and, this will depend on the level of your card or income that the user receives, as established by the Law of Credit Institutions in Mexico.
Although it is not mandatory to have an exact amount of money, you should know that the SAT can monitor your account if you receive excessive irregular deposits in your bank accounts.
How many types of bank accounts exist in Mexico?
Therefore, with the provisions of article 115 of the Mexico Credit Institutions Law, there are 4 levels of bank accounts, and each level has a monthly deposit limit.
These levels can be key to knowing how much money you can enter your account without being monitored by the SAT.
The limits of bank accounts level 1 are intended for natural persons; They cannot receive more than 5,700 pesos.
Level two has a monthly deposit limit that cannot exceed 22,800 pesos.
In level 3 bank accounts, the monthly deposit limit is 76 thousand pesos.
At level four there is no monthly deposit limit.
So if you don’t know what card level you are handling, you can go to the financial institution and consult your status.
Source: milenio
