Understanding Vehicle Ownership and Endorsement Payments
Making timely payments for vehicle ownership and endorsement is crucial to avoid fines and take advantage of discounts. These tax procedures are typically paid during the first few months of the fiscal year, allowing vehicle owners to comply with regulations and drive their cars freely throughout the country.
Key Differences Between Vehicle Ownership and Endorsement
Vehicle ownership is a tax based on the commercial value of the car, and its payment is not required in all states. In contrast, endorsement is a mandatory tax in all states, related to the permit to carry license plates, and its payment is independent of the vehicle’s value.
Payment Deadlines for 2025
The maximum deadline for paying vehicle ownership and endorsement is March 31, 2025. Paying early can result in benefits and discounts, while late payments may lead to fines or sanctions. It is essential to plan payments accordingly to avoid losing discounts and incurring additional costs.
Consequences of Late Payment
Failing to pay vehicle ownership or endorsement on time can generate sanctions or fines, which vary by state. In Mexico City, for example, non-payment can result in problems with other procedures, loss of discounts, cumulative fines, and difficulties in recovering a car taken to the corralón for outstanding debts.
Importance of Early Planning
With the increase in the value of the Measurement and Update Unit (UMA) and possible adjustments in vehicle collection rates, early planning is key. Companies operating fleets must strategically manage these expenses to reduce costs and ensure units remain operational throughout the year.
Vehicle owners should inform themselves about the payment schedules and amounts in their respective states, as these may vary. For instance, in Edomex, the payment of vehicle endorsement has already begun, and owners can access the necessary information to make timely payments.
Fulfilling Fiscal Responsibilities
Making vehicle ownership and endorsement payments is a fiscal responsibility that every vehicle owner in Mexico must comply with. Paying these obligations on time avoids future fines and allows access to discounts, which can help save money at the start of the new year.