Tips_Fiscales

TAX CHANGES FOR FISCAL YEAR 2019

On December 28, 2018, the Federal Revenue Law for fiscal year 2019 was published in the Federal Official Gazette, effective as of January 1, 2019.

Said Law does not provide for new federal taxes or tax rate increases; also, tax laws were not subject to any tax reforms; and no “Tax Amnesty” was granted to taxpayers thereof.

Below you will find our comments regarding the substantial changes and additions to the respective tax provisions for fiscal year 2019.

TAX REFORMS FOR FISCAL YEAR 2019

Elimination of the benefit of offsetting recoverable balances from different tax liabilities

The option regarding the benefit of offsetting (on an “universal basis”) applicable to recoverable balances derived from different federal tax liabilities (Income Tax VS Value Added Tax), whether from their own tax liability or from withholding taxes to third parties, was eliminated.

Therefore, effective fiscal year 2019, taxpayers will only be able to offset their recoverable balances against those they must pay for their own tax liabilities, including ancillary charges (restatement for inflation and surcharges).

Elimination of the benefit of offsetting recoverable balances derived from VAT

The option regarding the benefit of offsetting applicable value added tax (VAT) recoverable balances against balances derived from different federal tax liabilities (VAT VS Income Tax) was eliminated, effective fiscal year 2019; therefore, taxpayers will only be able to credit their recoverable balance against their own VAT payable in subsequent months until its exhaustion, or request for a tax refund in full on such recoverable balance.

Benefit of offsetting recoverable balances from different tax liabilities generated up to December 31, 2018

Notwithstanding the above, the Mexican tax authorities issued a new rule or criterion that grants taxpayers the possibility to apply in 2019 the benefit of offsetting recoverable balances from different tax liabilities (VAT VS Income Tax; Income Tax VS VAT) generated up to December 31, 2018, against those recoverable balances for which no offsetting has been made or no tax refund has been previously requested.

Therefore, based on such rule, taxpayers may offset recoverable balances from their own tax liabilities generated up to December 31, 2018, against those taxes they must pay for their own tax liabilities derived from different federal taxes generated in 2019, including ancillary charges.

Also, the possibility to offset withholding taxes to third parties against taxpayers’ own tax liabilities is eliminated.

Withholding tax rate on interests paid by financial entities

Effective January 1 2019, the annual income tax withholding rate applicable to interests paid by financial entities to individuals and companies residents in Mexico is increased from 0.46% in fiscal year 2018, to 1.04% for fiscal year 2019.

Tax Incentives

Tax incentives applicable to income tax and the excise tax (against annual corporate income tax applied by taxpayers of different sectors) are the same (as in 2018) and shall continue in effect for fiscal year 2019, upon compliance with the specific tax requirements, as provided for in the Federal Revenue Law.

“Money Laundering” self-regularization program

The Tax Administration Service (known as “SAT”) shall publish within 60 days a series of rules for the implementation of a “self-regularization program” applicable to those taxpayers that carry out vulnerable activities, who have failed to comply with their obligations related to money laundering-prevention issues (known as “PLD”) from July 1st 2013 through December 31st, 2018.

Accordingly, taxpayers shall be able to regularize themselves regarding the aforementioned obligations without any penalties on the incompliance period; as well as the forgiveness of fines already determined, provided that prior authorization is granted by the SAT to join the program.

TAX INCENTIVES FOR THE NORTHERN BORDER REGION

On December 31, 2018, the Decree of Tax Incentives of the Northern Region of Mexico was published in Official Gazette intending to promote and develop an economic plan for this zone of the country; such Decree provides for the reduction of the income tax at a rate of 20% (in general terms) and the value added tax at a rate of 8%, by means of a tax credit for such purposes, applicable to business activities carried out by individuals, companies and permanent establishments located in the specified territories.

These tax incentives are effective from January 1, 2019, and shall be in force in fiscal years 2019 and 2020.

For further information regarding the tax reforms earlier described for fiscal year 2019, please contact.

Tips_Fiscales

VER TODOS

Tips_Fiscales

TIP FISCAL No. 447 NUEVA PRÓRROGA PARA LA EMISIÓN DE LA CARTA ...

El día 24 noviembre de 2021, el SAT concedió a través de una cuarta versión anticipada de la Resolución de ...

Tips_Fiscales

TIP FISCAL No. 446 NUEVAS TASAS EFECTIVAS DEL ISR PARA GRANDES CONTRIBUYENTES

Con fecha 21 de noviembre de 2021, el SAT dio a conocer una quinta publicación de nuevas tasas efectivas del ...

Tips_Fiscales

TIP FISCAL No. 445 EMISIÓN DE CARTA PORTE Y CANCELACIÓN DE CFDI

El día 18 de noviembre de 2021, se publicó en el DOF la Tercera Resolución de Modificaciones a la RMF, ...

Tips_Fiscales

TIP FISCAL No. 444 ELIMINACIÓN DE LA RETENCIÓN DEL 6% DE IVA ...

Recientemente, el SAT, a través de su página de Internet dio a conocer las preguntas frecuentes en materia de outsourcing. ...

Tips_Fiscales

TIP FISCAL No. 443 MISCELÁNEA FISCAL PARA EL EJERCICIO 2022

El día de hoy, 12 de noviembre de 2021, se publicó en el DOF, la Miscelánea Fiscal para 2022, en ...

Tips_Fiscales

TIP FISCAL No. 442 NUEVA VERSIÓN 4.0 DEL CFDI

 Recientemente, en medios no oficiales, se ha señalado que el SAT va a dar a conocer una nueva versión 4.0 ...

Tips_Fiscales

TIP LEGAL No. 64 PROGRAMA DE VERIFICACIÓN LABORAL VOLUNTARIA

El pasado 1° de noviembre de 2022, se publicó en el DOF el Acuerdo por el que se crea el ...

Tips_Fiscales

TIP LEGAL No. 63 INICIA LA FASE DE INSPECCIÓN AL REPSE

La Secretaría del Trabajo y Previsión Social (STPS) dio a conocer el inicio de la etapa de inspección de cumplimiento ...

Tips_Fiscales

TIP FISCAL No. 441 APRUEBAN REFORMA FISCAL 2022 EN EL SENADO

El día 26 de octubre de 2021, el Senado de la República aprobó sin ninguna modificación o ajuste, el Decreto ...

Tips_Fiscales

TIP FISCAL No. 440 APROBACIÓN DEL DICTAMEN SOBRE LA REFORMA FISCAL 2022

El día 20 de octubre de 2021, la Cámara de Diputados aprobó el Dictamen sobre la Reforma Fiscal 2022, el ...

Tips_Fiscales

TIP FISCAL No. 439 LEY DE INGRESOS DE LA FEDERACIÓN PARA 2022

El día 21 de octubre de 2021, la Cámara de Diputados aprobó la Ley de Ingresos de la Federación para ...

Tips_Fiscales

TIP FISCAL No. 438 CANCELACIÓN DEL CFDI SIN ACEPTACIÓN

Con fecha 19 de octubre de 2021, el SAT dio a conocer una cuarta versión anticipada de modificaciones a la ...

Tú y GL, trabajando juntos.

No sé, piénsalo.

Conoce nuestras vacantes en nuestro
facebook de talento

VER MÁS

Hagamos equipo

¿Más información?
Escríbenos a la siguiente dirección: O déjanos tus datos en el siguiente enlace:
Contacto
Oficinas
OFICINA central
Av. Insurgentes sur No. 863 piso 10
Col. Nápoles, Del. Benito Juárez,
C.P. 03810 Ciudad de México
Teléfono
52 (55) 9000 1450 / 9000 9497
OFICINA Monterrey
Ricardo Margáin No. 335
Torre I, Piso 5-511
Col. Valle del Campestre, C.P. 66265
San Pedro Garza García, Nuevo León
Teléfono
52 (81) 8000 5766