Chile and Mexico tax agencies impose new reporting deadlines to curb evasion

Chile's tax authority, the Servicio de Impuestos Internos (SII), set a July 31 deadline for banks and financial institutions to report accounts that receive 50 or more transfers from different RUTs in a single month, or 100 or more transfers in a semester. The report, required under Declaration Jurada 1959, aims to identify individuals using personal accounts for commercial sales who have not declared the income.

Mexico's recent reform of article 69‑B of the Fiscal Code targets firms that issue false invoices, known as “factureras.” The Servicio de Administración Tributaria (SAT) gives only five days for a suspected taxpayer to prove innocence; failure results in inclusion on a public list and cancellation of digital seals. Companies that have dealt with a listed emitter have 30 days to self‑correct their filings, after which no further clarification is allowed. Both measures introduce strict reporting timelines and limited opportunities for remediation, seeking to strengthen tax compliance and curb evasion.