Dear clients and friends: The objective of this bulletin is to provide you with information in relation to some of the tax provisions applicable for 2023, specifically with the implementation…

The purpose of this bulletin is to provide you with information regarding some of the tax provisions applicable for 2022, specifically, on the penalties for issuing the Digital Tax Invoice by Internet (CFDI) with errors for version 4.0, and in relation to the extension for its mandatory use.

The purpose of this bulletin is to provide you with information regarding some of the tax provisions applicable for 2022, specifically, a reminder about the maximum amount of cash that can be deposited or received in the bank account of individuals and corporations in Mexico.

The objective of this bulletin is to provide you with general information regarding compliance with some of the tax obligations that individuals have in Mexico, for the 2021 fiscal year.

Due to the reform of the Federal Labor Law (LFT), as well as changes in the Income Tax Law (LISR), the Value Added Tax Law (LIVA) and the Tax Code of the Federation (CFF), among other regulations, when a taxpayer hires providers that offer specialized services, it will be necessary to take into account some requirements that must be met to support their deduction for income tax purposes (ISR) and the accreditation of the corresponding value added tax (IVA).

For taxpayers who belong to the Simplified Trust Regime (RESICO), in accordance with article 113-G section II of the Income Tax Law (LISR) and who have not registered and confirmed means of contact to enable their tax inbox, or they have only indicated a single means of contact, they must register or update their means of contact, adding, where appropriate, the one they need, no later than June 30, 2022, this, based on the procedure sheet 245/ CFF of Annex 1-A of the Miscellaneous Tax Resolution (RMF) for 2022.

The purpose of this bulletin is to provide you with information regarding some of the tax provisions applicable for 2022, specifically with the implementation of the new Simplified Trust Regime for Corporate Persons (RESICO-PM).

As you are aware, as part of the Tax reforms for 2022, and in particular those made to the Federal Tax Code, the new tax obligation related to the figure of the "controlling beneficiary" is established, which from the 1st of January 2022, legal entities, trustees, settlors, trusts and other legal figures will have to comply with the taxpayers.