Automatic Tax Refund: Who Qualifies and What You Get
Learn how to receive your tax overpayments via direct deposit through the automatic refund process in Mexico.
This scheme allows taxpayers to receive money back when they have a positive balance from their tax filings.
Who it's for
This is for taxpayers who have a "saldo a favor," which means you have paid more in taxes than you were required to pay.
What you get
You receive a direct deposit of your tax overpayments into your bank account.
What it costs you
There is no monetary cost to use this service, but you must provide your CLABE interbancaria (your unique eight-digit bank code) so the funds can be sent to you.
The catch to know
The process is not always seamless. If your automatic request is rejected, you cannot simply wait for another attempt; you must manually file a "Formato Electrónico de Devoluciones" to claim your money.
How to apply
- Ensure your tax filings show a positive balance.
- Provide your CLABE interbancaria to the tax authorities.
- Wait for the direct deposit to be processed.
- If the refund is rejected, file the required electronic form to resolve the issue.