Tax News No 21 – September 2021
In relation to our Tax News No. 15 and No. 19, on September 5, 2021, the Tax Administration Service announced through its website the third publication regarding effective income tax rates for the measurement of tax risks corresponding to seventy-nine new economic activities for fiscal years from 2016 to 2019 on the register of large taxpayers.
According to the statement, the aforementioned seventy-nine economic activities include twelve economic sectors, among which are: wholesale trade, retail trade, corporate and business management, manufacturing industries, business support services, health and social assistance services, real estate services and rental of movable and intangible property, professional services.
In addition to reiterating the invitation to taxpayers to consult the effective tax rate corresponding to the economic activity to which they belong and compare it with the effective rate themselves to measure their tax risks and, where appropriate, correct their tax situation by submitting the corresponding complementary annual returns to minimize the possibility of in-depth reviews aimed at corroborating the correct fulfillment of their tax obligations. , the tax authorities also indicate in the statement that they have contacted via tax mailbox those taxpayers whose effective rate is below those disclosed to carry out their analysis and, voluntarily, correct their tax situation.
Derived from the above, in FRALLA we put at your disposal our consulting and tax advisory services in order to determine the tax risk indicated by the tax authorities and, where appropriate, define the relevant measures that must be taken in order to avoid acts of nuisance by the tax authorities within the framework of the new audit policy.
Below, we put at your disposal the link where you can consult more in detail the publication in comment.
We remain at your service for any clarification or comments that may be required regarding this publication.
* * * *
September 2021
Mexico City, Mexico
