Mostlylost Posted November 24, 2016 Report Share Posted November 24, 2016 I need to know the maximum daily cash deposit in a Mexican bank without incuring the tax. Thanks in advance Link to comment Share on other sites More sharing options...
John Shrall Posted November 24, 2016 Report Share Posted November 24, 2016 The tax was eliminated several years ago however banks are supposed to report deposits in any month exceeding $15,000 to SAT. Link to comment Share on other sites More sharing options...
barcelonaman Posted November 25, 2016 Report Share Posted November 25, 2016 i was told by santander this year that there was no maximum and not reported to sat anymore.but i do try to keep to the 15000 as mentioned above. have been told varies from bank to bank but that doesnt make sense. Link to comment Share on other sites More sharing options...
John Shrall Posted November 25, 2016 Report Share Posted November 25, 2016 Earlier this year I received a tax demand letter from SAT for excess cash deposits made in 2014. I deposited lots of ATM cash I needed for a house remodel at the beach. After documenting everything and turning it over to Spencer he found out it was a fishing expedition. SAT just hoped I'd pay. Link to comment Share on other sites More sharing options...
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