In relation to our Tax News No. 15, on August 1, 2021, the Tax Administration Service announced through its website the second publication regarding effective income tax rates for the measurement of tax risks corresponding to eighty-four new economic activities for fiscal years from 2016 to 2019 on the register of large taxpayers.

According to the statement, the aforementioned eighty-four economic activities include twelve economic sectors, among which are construction, temporary accommodation and food and beverage preparation services, manufacturing industries, mining, transport, post and storage, wholesale trade, retail trade, real estate and rental services, financial and insurance services, professional, scientific and technical services.

The tax authorities reiterate that in order to facilitate and encourage compliance, taxpayers are invited to consult the effective tax rate corresponding to the economic activity to which they belong and compare it with the effective rate for each year 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 your tax obligations.

Below, we put at your disposal the link where you can consult more in detail the publication in comment.

https://www.gob.mx/cms/uploads/attachment/file/658748/TasasEfectivas_SegundaPublicacion.pdf

We remain at your service for any clarification or comments that may be required regarding this publication.

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August 2021

Mexico City, Mexico