Tax MX

SAT

Also known as: Servicio de Administración Tributaria

Definition

SAT (Servicio de Administración Tributaria) is Mexico's tax authority, equivalent to the US IRS or Argentina's AFIP. It administers federal taxes (VAT, income tax), electronic invoicing (CFDI) and refunds.

LATAM context

Every Mexican taxpayer (individual or company) has an RFC tied to SAT. Mandatory electronic invoicing (CFDI 4.0) requires a digital certificate and a connection to a PAC. Bank statements serve as support for accounting entries and monthly/annual filings.

Concrete example

For the monthly VAT filing, an accountant reconciles issued CFDIs against deposits shown on bank statements. finO$ speeds up this reconciliation by structuring the bank data first.

How it shows up on your bank statement

Payments to SAT appear as charges labeled 'PAGO SAT', 'DPA' or 'LINEA DE CAPTURA', followed by the payment reference number. That number is what lets you tie the bank charge to the filing receipt, and it's the first thing an accountant looks for when reconciling taxes.

How does finO$ handle this?

finO$ categorizes transactions aligned to Mexico's most-used SAT chart of accounts. Useful for preparing accounting entries that later get imported into Contpaqi or Aspel.

Related terms

RFC

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Frequently asked questions about SAT

Can SAT see my bank transactions?

Financial institutions report certain information to SAT in the cases set by law, such as cash deposits above defined thresholds. It's not live access to your account; it's periodic reporting with a defined scope.

Does the bank statement count as a tax receipt?

It doesn't replace the CFDI. The statement proves the payment happened, but the deduction relies on the invoice. In practice the two work together: the CFDI as the tax receipt and the bank transaction as proof of how it was paid.