The SAT publishes the effective rates of ISR for large taxpayers

The Tributary administration service (SAT) published for the first time, the reference parameters of the effective rates of the Income tax (SRI), which measure tax risks corresponding to forty economical activities for the financial years 2020 and 2021 on the register of large taxpayers.

SAT data on the portal reveals that on December 8, 2020, it was published in the Official Journal of the Federation (DOF) a reform of the Federation Tax Code (CFF) in its article 33, first paragraph, which stipulates that for there to be better compliance with the payment of the ISR, the authority guides and periodically facilitates the parameters of utility, deductibles and effective rates of ‘taxation.

On this occasion, the tax authorities published the effective rates of the ISR Major Contributorsso called because they are legal persons whose income exceeds 1.1 billion pesos, to simplify and facilitate compliance with the tax obligations of these taxpayers.

Therefore, the tax authority reported that these taxpayers have already been contacted via the tax mailbox, which, in the opinion of the authority, “their effective rate is below the parameters published by the SATso that they carry out their analysis and voluntarily correct their tax situation by submitting additional annual declarations”.

The SAT’s invitation to the taxpayersstated that this was to minimize the possibility of initiating in-depth checks aimed at corroborating the correct compliance with its tax obligations.

He explained that the reference parameters concerning the effective tax rates for the measurement of tax risks were established on the basis of the information available in the institutional databases consisting of annual declarations, tax declarations, information on the situation taxation of taxpayers, informative declarations, online digital tax receipts (CFDI), petitions, among others.

And regarding the tax rates, he explained that they apply to forty economic activities immersed in five economic sectors: financial and insurance services, wholesale trade, retail trade, manufacturing and mining industries. .

For example, the multiple or commercial bank it will have rates of 5.30% in 2020 and 4.89% in 2021; therefore, falling outside this range would mean being at lower risk, and otherwise falling below the aforementioned parameters could put the taxpayer at risk.

The same is true in the financial sector for brokerage houses that in 2020, they should be at a rate of 5.54%; and for 2021, at 5.05%. In the retail sector, the SRI rate is 2.35% for 2020 and 2.68 for 2021.

Balls

• 3.97% in 2020 and 3.34% in 2021 will be the SRI rates in car manufacturing
• 5.87% in 2020 and 5.94% in 2021 is the tax rate for pharmaceutical preparation factories
• 1.14% in 2020 and 1.55% sales tax on new cars (over 150,000 pesos in value)
• Multipurpose financial companies, its tax rate is 6.56% in 2020 and 6.93% in 2021
• The SAT clarifies that taxpayers whose tax payment falls below these parameters have already been notified via the tax mailbox.
• It aims to facilitate the payment of taxes

Keep reading:

Candlemas will hit Mexican pockets hard, tamales will cost 22-35% more

SAT: what will the 2023 annual count look like? basic guide

The SAT facilitates the procedures for issuing the Digital Tax Receipt 4.0