GET TO KNOW OUR BLOG
New NIF Series A Conceptual Framework (2024)
The objective of Series A of the NIF is to define and establish the Conceptual Framework that supports the particular NIFs and the resolution of issues that arise in the accounting recognition of transactions and any events that economically affect the entity. The...
New NIF Series A Conceptual Framework (2024)
The objective of the NIF Series A is to define and establish the Conceptual Framework that supports the specific NIFs and the solution to problems that arise in the accounting recognition of transactions and any event that economically affects the...
What is Bank Reconciliation and its relevance in Mexico?
Bank reconciliation is a fundamental accounting process that allows a company's financial records to be compared with the data provided by the bank. This exercise is essential to ensure that both records match and, in the event of discrepancies, to correct the...
Calculation and Use of Tax Losses in Mexico
When a company's authorized deductions exceed its taxable income, a tax loss must be determined, which can be applied to future years where profits are generated. How is a tax loss calculated? A tax loss occurs when authorized deductions (expenses allowed by law that...
Calculation, updating and use of tax losses in Mexico
When a company's authorized deductions exceed its taxable income, we must determine a tax loss, which we can apply in the following years in which profit is generated. How is a tax loss calculated? The tax loss is calculated...
What is the Annual Inflation Adjustment in Mexico?
The annual inflation adjustment is one of the most confusing tax calculations due to its complexity. Its purpose is to reflect the impact of inflation on a company's debts and credits and how this inflation can generate taxable income or authorized deductions. What is...
What is the Annual Inflation Adjustment in Mexico?
The annual inflation adjustment is one of the most confusing tax calculations due to its complexity. Its purpose is to reflect the impact that inflation has on a company's debts and credits, and how such inflation can generate cumulative income or...
Tax discrepancy in individuals SAT
Learn 8 basic points about tax discrepancy in individuals Tax discrepancy: The article states that individuals may be subject to a tax discrepancy procedure when it is found that the amount of expenditures in a given year exceeds the income they have declared or...
Tax discrepancy between individuals SAT
Learn 8 basic points about tax discrepancy in individuals. 1. Tax discrepancy: The article provides that individuals may be subject to a tax discrepancy procedure when it is detected that the amount of expenditures in a year...
Tax Depreciation rates in Mexico
Tax depreciation allows for the deduction of the loss of value of fixed assets over time. In Mexico, the depreciation rates are established in the Income Tax Law (LISR) and vary according to the type of asset and the economic activity in which they are used....
Tax Depreciation Rates in Mexico
Tax depreciation allows the deduction of the loss in value of fixed assets over time. In Mexico, depreciation rates are established in the Income Tax Law (LISR) and vary according to the type of asset and the economic activity...
How to Calculate Provisional ISR Payments in Mexico?
Legal entities in Mexico are required to make monthly provisional payments towards the Income Tax (ISR) that will be due for the fiscal year. This process is regulated by the Income Tax Law (LISR) in Article 14. In this article, I will outline the key aspects for...
How to Calculate Provisional Income Tax Payments: Practical Guide for Legal Entities
Legal entities in Mexico must make monthly provisional payments on account of the Income Tax (ISR) corresponding to the fiscal year. This process is regulated in the Income Tax Law (LISR) in its Article 14. In Mexico, the Income Tax Law (LISR) is a law that regulates the payment of taxes on the income tax rate.
How to Calculate Income Tax (ISR) in the General Law Regime (Title II)
It is important to understand the calculation of ISR even if we are not accountants, as professionals or entrepreneurs need to understand the logic to avoid problems with the SAT (Tax Administration Service). Article 9 of the Income Tax Law (LISR) tells us how...
How to Calculate Income Tax in the General Law Regime (Title II)?
It is important to understand the calculation of the ISR even if we are not accountants, since as professionals or businessmen we have to understand the logic to avoid problems with the SAT. Article 9 of the Income Tax Law (LISR) tells us how companies calculate the ISR.
Permanent Establishment in Mexico: Understanding Tax Obligations for Foreign Companies
If you're a foreign company operating or planning to operate in Mexico, understanding the concept of “Permanent Establishment” (PE) is crucial. This term determines when a foreign business is liable for tax obligations in Mexico. The definition of a Permanent...
