Regulatory Alerts2016-12-22 | DOF 5466661Added
General Rules for the Receipt of Tax Declaration Information and Collection of Federal Funds by Credit Institutions
These rules establish the terms and conditions for credit institutions to receive tax declaration information and collect federal funds, requiring written authorization from the Federal Treasury and the signing of an adhesion contract. Credit institutions must adhere to specific technical specifications, operating procedures, and payment methods, including cash, checks, electronic transfers, and credit/debit cards, while transferring collected funds to the Federal Treasury by the second following business day. Non-compliance with fund concentration deadlines triggers indemnification to the federal treasury and conventional penalties, with payments applied first to interest and penalties before the principal amount.
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