One of the main concerns of taxpayers who generate VAT balances in their favor is the time that the authority has to authorize or reject said refund.<\/p>\n\n\n\n
This process, regulated by law, has certain rules that both individuals and corporations must know to ensure proper management of their tax rights.<\/p>\n\n\n\n
In accordance with article 22 of the Federal Tax Code (CFF)<\/strong>, when a taxpayer requests the refund of a VAT balance in favor, the Tax Authority has a period of 40 business days<\/strong> to make such a refund, counted from the date on which the request was submitted. This period is important to maintain the expectation of when the refund will be received.<\/p>\n\n\n\n However, it is essential to keep in mind that this period may be disrupted<\/strong>. The interruption occurs if the Tax Authority issues a request<\/strong> additional information related to the refund request. The deadline is suspended from the moment the taxpayer is notified of this requirement and until the requested information is provided. If the taxpayer does not respond adequately or in a timely manner, the refund may be denied, generating a longer and more complicated process.<\/p>\n\n\n\n The right to request a refund of a VAT balance in favor is a right enshrined for taxpayers in Mexican law. According to article 22 of the CFF, both individuals and corporations can make this request. However, there is a time limit for the taxpayer to exercise this right: 5 years<\/strong> from the date on which you could have demanded the refund.<\/p>\n\n\n\n This period is of utmost importance, since once it has elapsed, the credit balance expires and the taxpayer loses the right to claim a refund. Therefore, it is advisable that individuals and companies maintain strict control over their credit balances and the dates on which they can request a refund.<\/p>\n\n\n\n It is essential that taxpayers submit their VAT refund application in a complete manner and with all the documentation required by the authority. Some of the documents that are generally requested include:<\/p>\n\n\n\nTime to request a refund and prescription of the balance in your favor<\/h3>\n\n\n\n
Documentation required for VAT refund<\/h3>\n\n\n\n