SAT suspends deadlines and legal terms
On May 4, 2020, the sixth anticipated version of the First Resolution of Amendments to the Miscellaneous Tax Resolution for 2020 was published on the Tax Administration Service (“SAT”) website.
Extension of time to file annual tax returns
Pursuant to Article 150 of the Income Tax Law, individuals who obtain income in a calendar year, except for exempt income and income for which definitive tax has been paid, are required to pay the annual tax through a tax return to be filed in April of the following year.
New 6% IVA withholding tax
Our partner Rafael Tena Castro was invited to be part of the Committee for the ninth edition of the specialized publication “Legal”, a supplement of the newspaper El Economista in collaboration with vLex.
Increase in the IEPS rate
Pursuant to the provisions of Article 74, Section IV, second paragraph of the Political Constitution of the United Mexican States, the Federal Executive shall submit to the Chamber of Deputies the Income Law Initiative and the Federal Expenditure Budget Bill no later than September 8, and the corresponding Secretary of State shall appear before the […]
Tax remission is eliminated
The Decree became effective the day after its publication, i.e. May 21, 2019, and will be in force until 2024.
Elimination of universal compensation
On December 28, 2018, the Federal Revenue Law for Fiscal Year 2019 was published in the Official Gazette of the Federation.
Tax on income from digital services
On September 6, 2018, an initiative was filed for the approval of the Law on the Tax on Income from Digital Services. It is based on the experience of the European Union. Countries such as Norway, Spain, Chile and Argentina have taken similar measures.