The Multiple Information Declaration (DIM)
The Multiple Information Declaration in Mexico or also called DIM (for its initials in Spanish), is an annual declaration which must be presented before the Fiscal Authority of said country by certain taxpayers, in a fiscal year.
What does the DIM consist of?
As indicated above, it is an annual return which must be completed and filed by those individuals or corporations that are taxpayers under the Income Tax Law.
Since 2014, this return has undergone different modifications regarding the annexes that make it up, of the 10 annexes that it currently contained, only two remain in force.
Which were the annexes of the DIM?
The DIM, until its modification, had 10 annexes, which are detailed below:
Annex 1: Annual Information on Wages, Salaries, Similar Items, Wage Credit and Employment Subsidies
This annex was a declaration of salaries and subsidies, however, it is not in force as of fiscal year 2017, since due to the validity of the payroll issue, in its version 1.2, this information is already presented in the portal of the Tax Administration Service (SAT) by that means.
Annex 2: Information on payments and withholdings
In the referred annex, the taxpayer presented the information regarding the VAT, ISR and IEPS retentions, which the taxpayer made to another taxpayer.
However, with the entry of the CFDI it is no longer in effect, since it will be the taxpayer that issues the CFDI, who will present it on the SAT website.
Annex 3: Information on taxpayers who make donations
This annex was only in force until fiscal year 2016, so it will not be necessary to file the return for this purpose every February 15, after that year.
Annex 4: Information on residents abroad
In this annex were declared which were the income tax withholdings to foreign residents with payment and the information in case a legal entity has received a loan from a foreign resident.
As for the payment with withholdings, it was only in force until fiscal year 2017, while the information on the loans from abroad was kept until 2018, after which the aforementioned schedule will no longer be in force.
Annex 5: Preferential tax regimes
The filling of this annex was in force until fiscal year 2018, in which the income generated in preferential tax regimes was declared.
This annex was in force until 2019.
Annex 6: Integrating Companies
According to Article 83 of the Law, the obligation of the integrating companies to present the declaration (DIM), regarding the information of their integrated accounts, was established.
The presentation of this annex was only in force until fiscal year 2016.
Annex 7: Small Taxpayers’ Regime
This annex is not in force since 2017, it declared information regarding the Small Taxpayers’ Regime. However, this was repealed and the Tax Incorporation Regime came into force.
Annex 8: Information on Value Added Tax
This annex is not in force, since currently the information on VAT is obtained by SAT, through the Information Declaration on Transactions with Third Parties, from the issuance of electronic invoices, among other means.
Annex 9: Information on transactions with related parties
According to the transfer pricing regime established in the Income Tax Law, taxpayers who carry out transactions with related parties must file an information return.
This will be done through Annex 9 of the SID.
Annex 10: Operations carried out through Trusts
In this annex the information of the operations carried out, through trusts, must be stated.
What are the Annexes in force for 2020?
In accordance with the above, the annexes currently in force are Annexes 9 and 10 of the SID, with respect to operations carried out with related parties and those carried out through Trusts, respectively.
How is the Multiple Information Statement made?
In order to file the indicated Annexes, the taxpayer must go to the SAT’s website and download the DIM application, which can be found in the “Related Contents” option.
Once downloaded, it must be installed as indicated, and then the data requested in the corresponding annex must be filled in and a file generated.
After that, go to the SAT’s website in the option “submit your multiple information declaration”, click on the “start” button and follow the instructions in order to send the file.
The taxpayer must take into consideration that in case the information exceeds 40,000 records it must be submitted at the SAT Offices.
How long does it take to send the DIM?
The deadline to send the return is February 15th of the year following the year in which the return is due.