Calculation of provisional payments of ISR, VAT and withholdings in the RESICO regime for legal entities
The Simplified Trust Regime (RESICO) for legal entities is a tax option created to facilitate tax compliance for companies with annual revenues of less than $35 million pesos. Through this regime, companies can carry out...
The Purchase Method in the Acquisition of Businesses according to NIF B-7
The purchase method is a fundamental pillar in the process of recognizing business acquisitions according to Financial Reporting Standard (NIF) B-7. This approach seeks to ensure that acquisitions are accounted for in a transparent, consistent and fair manner.
What is a business acquisition according to NIF B-7?
This NIF applies to all entities that issue financial statements in accordance with the terms established in Series A of the NIF, and is applicable to entities that make a business acquisition. According to NIF B-7, a business acquisition occurs when a business is acquired by a company.