Important Notice to Attorneys and Notaries: F-986 Compliance Due January 31, 2024

We would like to inform you about the crucial obligation for lawyers and notaries regarding compliance with the F-986 form, required by article 122 of the Tax Code.

Deadline: January 31, 2024

The Ministry of Finance, through the General Directorate of Internal Taxes, reminds that the last date for filing this form is next Wednesday, January 31. It is essential that lawyers and notaries comply with this requirement in due time and form.

a) Requirements and Specifications for F-986 Submission

In strict compliance with Article 122 of the Tax Code, notaries are required to submit a report by magnetic or electronic means. This report must contain the technical details specified by the Tax Administration and must be submitted at the end of each fiscal year. Failure to comply will result in penalties, according to Article 241 literal "j" of the Tax Code.

b) Penalties for noncompliance

Non-filing or late filing of the F-986 entails penalties, according to Article 241 paragraph "j" of the Tax Code. The fine is equivalent to 5 monthly minimum wages.

At Centr4lwe are here to support you with our advice and personalized accompaniment, anticipating any urgency and ensuring proper compliance. Contact us to make sure you meet these obligations efficiently and accurately! 📊💼