Tax News No 7 – February 2024
The Twentieth Transitory Article of the Miscellaneous Fiscal Resolution for 2024 establishes that, for the purposes of Article 214 of the Income Tax Law (LISR), taxpayers who cease to be taxed under the Simplified Trust Regime (RESICO) for Legal Entities must submit, no later than January 31, 2024, the “Notice of update of economic activities and obligations,” in accordance with procedure 71/CFF of Annex 1-A, or through the submission of a “Service or requests” case, from “My Portal,” through the SAT Portal, selecting the procedure “AVISO_RSC_RGL_PM,” in order to comply with their obligations according to the applicable regime.
The Twentieth Transitory Article further states that, for taxpayers who, as of January 1, 2024, must comply with their tax obligations under RESICO for Legal Entities, they must submit, no later than January 31, 2024, the “Notice of update of economic activities and obligations,” in accordance with procedure 71/CFF of Annex 1-A, or through the submission of a “Service or requests” case, from “My Portal,” through the SAT Portal, selecting the procedure “AVISO_RSC_PM.”
Therefore, on January 29, 2024, the Tax Administration Service announced communication 008/2024, through which it reminds taxpayers that January 31, 2024, is the deadline for legal entities with annual income of up to 35 million pesos to submit their notice to be taxed under RESICO, as they will not be able to change the tax option thereafter during the fiscal year.
We provide you with the link where you can consult the aforementioned publication: [Insert link here]
* * * *
January de 2024
Mexico City, México
