Chihuahua, Chih., December 3rd, 2020.
Dear Clients and Friends,
On November 25th of this year, the Federal Revenue Law for the 2021 fiscal year was published, thus we herein inform you some of the most relevant provisions foreseen.
- Surcharges of 0.98 percent per month on unpaid balances are foreseen for the payment of tax credits extensions; and, pursuant the Federal Tax Code, if the payment of credits in installments is authorized, a surcharge rate of 1.26 percent per month will be applied for terms of up to 12 months, and 1.53 percent per month for installments over 12 months and up to 24 months.
- Regarding fiscal incentives, taxpayers that hold mining concessions and licenses whose annual total revenue, from the sale or disposal of minerals and substances foreseen in the Mining Law, is less than 50 million pesos, will be allowed to offset the special mining right; likewise, people who carry out business activities, and that obtain in the fiscal year in which they acquire diesel or biodiesel and its mixtures, a total annual revenue, for purposes of the Income Tax, of less than 60 million pesos, will be allowed to offset an amount equivalent to the special tax on production and services caused by the persons who dispose of diesel or biodiesel and their mixtures in national territory, due to the disposal of such fuels.
- The Federal Executive Power, through the Ministry of Finance and Public Credit, is authorized to fix or amend the fees that will be charged during the 2021 fiscal year, including those for the use, benefit, consumption, or exploitation of goods subject to the Federation´s public domain regime or for the provision of public services, whose fees are neither established or for any legal reason, are not paid.
For further information on this matter, please do not hesitate to contact Mr. Sergio Humberto Salas Medrano, Partner of the Fiscal and Administrative Area, at ssalas@iclmx.com.
Lic. Sergio H. Salas Medrano.
Inintegrum Legal Corporation, S.C.
