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 that inflation has on a company's debts and credits, and how such inflation can generate cumulative income 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 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...