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Mexico’s SAT Says Tandas Won’t Face Audits or Fines

Rotating savings circles are widely used by neighbors, coworkers, families.

Overview

  • The tax authority stated it does not conduct surveillance operations on informal savings groups.
  • The agency said tandas are not and will not be a target of fiscalization.
  • Officials confirmed there is no program or subprogram to audit or monitor these practices.
  • The clarification follows reports that suggested fines or audits, which the SAT described as baseless and alarmist.
  • An ENIF survey cited in coverage notes that many adults in Mexico save informally through methods such as tandas.