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...
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.