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 make provisional payments in a more agile and simplified manner. However, although the regime is more accessible, it is essential to comply with tax obligations accurately, to avoid sanctions or problems with the SAT.

One of the most important aspects of this process is the qualification and payment of provisional taxes such as ISR, VAT and withholdings. To facilitate this calculation, we offer you a simple template that you can use to comply with the SAT and keep proper control of your provisional payments.

What does this template include?

The template will help you calculate the provisional payments of the following taxes, in accordance with the provisions of the SAT in the RESICO regime:

• SR (Income Tax): This tax is calculated taking into account the income obtained in the month and applying the corresponding rate according to what the SAT indicates for the RESICO.

• VAT (Value Added Tax): Legal entities in RESICO must also calculate and pay provisional VAT, taking into account sales and purchases made during the month.

• Withholdings: If the company makes payments to third parties for concepts such as fees, leases or salaries, it must withhold the corresponding taxes and pay them to the SAT.

Steps to use the calculation template

1. Data Collection

Before you begin filling out the template, make sure you have the following information:

   – Income obtained during the month.

   – Expenses related to purchases or services subject to VAT.

   – Withholdings made for payments to suppliers or employees.

2. Calculation of the Provisional ISR

The provisional ISR calculation for legal entities under the RESICO regime is carried out by applying the percentage of 1.25% on the income obtained in the month (provided that the company has not requested to apply another percentage due to a decrease in income). Simply multiply the monthly income by this percentage.

Example:

   – Monthly income: $100,000

   – RESICO ISR rate: 1.25%

   – Provisional ISR: $100,000 * 1,25% = $1,250

3. Calculation of Provisional VAT:

To calculate the provisional VAT, you must subtract the creditable VAT (the one you paid on your purchases) from the transferred VAT (the one you charged on your sales). The formula would be:

Provisional VAT = (Transferred VAT – Creditable VAT)

Example:

   – VAT transferred (sales): $15,000

   – Creditable VAT (purchases): $10,000

   – Provisional VAT: $15,000 – $10,000 = $5,000

4. Calculation of Withholdings:

If the company withheld taxes from its suppliers or employees, you will need to calculate the total amount of withholdings. This includes taxes on fees, leases, salaries, etc.

   Example:

   – Income tax withholding from suppliers: $500

   – VAT withholding from suppliers: $800

   – Total withholdings: $1,300

How to comply with the SAT?

Once you have calculated the appropriate interim payments, make sure to:

1. Submit the monthly declaration: On the SAT portal, you must submit the monthly declaration detailing the provisional payments of ISR, VAT and withholdings.

2. Make the payment: Once the declaration has been submitted, you must make the corresponding payment within the established deadlines to avoid surcharges or penalties.

3. Save your documentation: It is important that you keep all tax receipts and documents that support the data entered in your declaration, in case the SAT performs an audit or review.

Advantages of Using This Template

– Simplification: With this template, you can automate a large part of the calculations, saving time and reducing the risk of making mistakes.

– Compliance: Make sure you comply with SAT tax provisions efficiently.

– Financial Control: Keeping an adequate record of provisional payments will help you have more precise control over your business finances.

Conclusion

Using a simple template to calculate provisional payments of ISR, VAT and withholdings in the RESICO regime not only makes it easier to comply with your tax obligations, but also helps you keep proper control of the taxes you must pay to the SAT. Always remember to verify that the data is correct before making any payment or declaration.

If you have questions or need specialized advice to optimize your tax compliance, Do not hesitate to contact us at TaxidOur team of tax experts can guide you through the entire process and ensure that your company complies with all SAT regulations efficiently and without complications. We are here to help!