Taxes and contributions from citizens and companies become the resources that finance innovation in the education system.

Next may 2 is the last day to file the Income Tax (ISR) return for activities that generated income during 2022.

After that date, the taxpayer who has not complied with the deadline is exposed to penalties from the Ministerio de Hacienda (MH), with fines and interest payments that accumulate over time.

The procedure can be carried out from the MH website in the "Income Tax Return" icon or in the "Services" section, and from there, "Online Services".

Except for exceptional cases that the Ministry considers, all declarations are made online, with the form enabled by the Dirección General de Impuestos Internos (DGII, dependence of the Treasury). However, it is a process that takes less than five minutes even if modifications are made from the device being used.

Individuals who report income over US$60,000 per year, or who have different sources of income (for example, being an entrepreneur and a consultant at the same time), are obliged to file a tax return.

Taxpayer Service Centers are available to resolve doubts, modify user data, update information, among others.

Translated by: A.M