In scope to a previous publication , today we will talk about tax benefits through the decree Published in the Official Gazette of the Federation on October 2 of this year in which it benefits taxpayers affected by the unfortunate seismic events, specifically to
“who have their fiscal domicile, agency, branch or any other establishment in the affected areas of the municipalities located in the states of Guerrero, Mexico, Morelos, Oaxaca, Puebla and Tlaxcala, due to the earthquake of September 19, 2017 “
that is, the benefits will be applicable to those places where there was greater affectation, where higher rates of marginalization and lower levels of income or fixed assets per capita are identified.
Among some benefits, are the following:
- Exempt from the obligation to make provisional payments of income tax for the months of September, October, November and December 2017, as well as for the third and fourth quarter and the third quarter of 2017, as the case may be.
- Those who are taxed in the Tax Incorporation Regime (RIF) referred to in the Income Tax Law, defer the obligation to present the statements of the fifth and sixth bimonthly of 2017.
- Allow the whole in installments of income tax withheld for salaries corresponding to the months of September, October, November and December 2017.
- Allow payment in installments of the Value Added Tax and the Special Tax on Production and Services (IEPS) for the months of September, October, November and December 2017.
- Allow taxpayers who dedicate themselves exclusively to agricultural, livestock, fishing or forestry activities to submit monthly statements of value added tax for the second half of 2017.
- Authorize the immediate deduction and up to 100 percent of the original amount of the investment corresponding to investments in new assets of fixed assets that are made in the affected areas in the period from September 19, 2017 to December 31, 2017 March 2018. ( It will not be applicable in the case of furniture and office equipment, automobiles, automobile armoring equipment or any asset of an individual non-identifiable asset or in the case of airplanes other than those dedicated to agricultural aero-fumigation ).
- Return the Value Added Tax of those applications that have been filed, no later than October 16, 2017, within a maximum period of 10 days.
We know that memory will not forget the sad events that have occurred in our country, however we have faith that the strength and dedication of our people will allow our Mexico to recover soon.
Wishing well-being for you and your family, as well as the prompt recovery of your source of income and stabilization of your finances, we trust that this material will be useful to you.
