II. multiply that amount by the sum of the maximum of hundreds authorized by the Law of Income Tax that is opened to deduct the investment in question, corresponding to the exercises in which the taxpayer has had such assets. d) To the moral persons referred to in the fractions VI, X, XI, XX, and XXV of Article 79 of this Law and which comply with the requirements laid down in the Natural persons who derive earnings from the disposal of shares issued by equity investment companies, the object of which is the acquisition and sale of assets investment with resources arising from the placement of the shares representative of its share capital between the investment public, as provided for in the Investment Companies Act, will determine the sum or decrease, as appropriate, of the profit or loss obtained in the financial year resulting from the disposal of shares in each investment company made by that natural person. 2. c) Module corresponding to its foreign trade operations of the Information Statement of Manufacturing, Maquiladora and Services Companies Entities that place or invest in the capital country that comes from credit titles that they issue and that are placed in the foreign to the large investor public in accordance with the general rules that the Tax Administration Service will issue to the effect. For the purposes of the preceding paragraph, the cumulative real interest shall be determined by decreasing the income obtained by the withdrawal made the updated amount of the contribution. In order to determine the gain or loss suffered in the disposal of the said goods or rights, they shall subtract from the income obtained by such disposal in the financial year in which the good or the right, the proven cost, are used for the acquisition, which may be adjusted by multiplying it by the updating factor corresponding to the period from the month in which the right or right was acquired by payment or by award and up to the immediate month before the date on which the right or right is issued to a third party, by whom it has received it in payment or by award. For these purposes, the determination of the gain from the disposal of shares or securities shall be made for each transaction, using the calculation procedure laid down in the third and fourth paragraphs of Article 129 of this Law, as appropriate, without deducting the losses referred to in the ninth paragraph of that Article. The income tax Convention, the first between the two countries, is intended to reduce the distortions (double taxation or excessive taxation) that can arise when two countries tax the same income, thereby enabling United States firms to compete on a more equitable basis in Mexico and enhancing the Investment companies in debt instruments referred to in the Investment Company Act shall not be income tax payers and their members or shareholders. Workers ' unions and the bodies that bring them together are relieved to comply with the obligations laid down in Sections I and II of this Article, except for those activities to be carried out by another person within the meaning of Article 16 of the Tax Code of the Federation. Carry out the accounting in accordance with the Federation's Fiscal Code, its Rules of Procedure and the Rules of Procedure of this Law, and make the records in it. profit obtained in the disposal of those goods made in the contribution they make to the trust, corresponding to each of the certificates of participation that they receive for the same until the moment in which each one of the said certificates certificates, updating the amount of the tax caused for each certificate enajene for the period from the month of the contribution of the real estate to the trust until the month in which the certificates are issued. Natural persons obtaining income as referred to in this Chapter by commission, mediation, agency, representation, brokerage, For these purposes, reserves are considered to be created or increased on a monthly basis and in the proportion representing the income of the month of total income in the year. To determine the tax, taxpayers in this Section will consider revenue when they are effectively charged and will deduct the erogations actually made in the exercise for the acquisition of fixed assets, expenses, or deferred charges. In the latter case, the retainer shall be released from the holding referred to in the preceding paragraph. Individuals with a permanent home in another country are considered a tax resident of . It is considered to be interests, whatever the name with which they are designated, the yields of credits of any kind, with or without a mortgage guarantee and with the right or not to participate in the profits; returns on public debt, bonds or bonds, including premiums and prizes treated as income from such securities, the prizes paid in the securities loan, discounts for the placement of securities, bonds, or bonds; of the commissions or payments to be made on the occasion of the opening or guarantee of appropriations, even if they are contingent, of the payments made to a third party on the occasion of the opening or guarantee of claims, even if these are contingent, of the payments made to a third party on the basis of the acceptance of an endorsement, the granting of a guarantee or liability of any kind, of the gain arising from the disposal of the securities placed among the large investor public referred to in Article 8 of this Law, as well as the gain in the disposal of shares of investment companies in debt instruments referred to in the Law of the investment companies and of the variable income investment companies referred to in Article 79 of this Law, of the adjustments to the acts for which the income referred to in this Article is derived from the the application of indices, factors or any other form, including adjustments made to the principal by reason of the fact that the claims or transactions are denominated in investment units. national. In the case of taxpayers who are taxed in Chapter I of Title IV of this Law and who are not required to make an annual declaration, they shall be considered as income declared by the individuals who carry out the withholding tax. When business activities are carried out through a trust, the trustee will determine in the terms of Title II of this Law, the result or tax loss of such activities in each financial year and shall comply with the total of the trustees the obligations set out in this Law, including the obligation to make interim payments. The balance of the account provided for in the preceding paragraph, which is kept on the day of the closing of each financial year, shall be updated for the period from the month in which the last update was made and up to the month of closure of the financial year concerned. Financial losses arising from financial transactions arising from capital relating to shares or stock indices shall also not be deductible. 3. fiscal. Taxpayers will have to comply with the general rules that for the granting of the stimulus will publish the Inter-Institutional Committee refers to the fraction I of this article. companies promoted from January 1, 2014, for their accumulation, will be within the provisions of the Law of Income Tax. In this case, it is considered that the source of wealth of income obtained by the disposal is in national territory, even if the derivative financial transaction has been concluded with another resident abroad. respectively, shall be considered only for the period from the month of acquisition of the shares and up to the date of their disposal. Article 159. The requirements that are met by general rules of the Tax Administration Service are met. III. XIX. When in reference operations the loss to the natural persons exceeds the gain or the interest obtained by it in the same month, the difference may be diminished from the profits or from the interests, in the following months that are left to the exercise, without updating, until exhausted, and provided that it has not been diminished previously. V. The difference between the tax corresponding to the integrable participation and the one obtained under paragraph (a) of the fourth paragraph of this Article, shall be the tax for the financial year which may be deferred for a period of three years, at the end of which it shall be informed in accordance with the provisions of the first paragraph of Article 67 of this Law. dividends or profits distributed in cash or goods, in accordance with the preceding paragraph, shall not increase the accounts of the companies which have received. Provide, evidence of income and tax proof for the awards for which the tax is not required in the terms of the tax Law. A capital reduction shall be considered where, on the basis of the division, the company is divided, it retains monetary assets representing more than 51% of its total assets. b) 8% for radio systems, including transmission and handling equipment using radio spectrum, such as the microwave radio transmission V. Civil associations and limited liability companies of public interest that manage districts or irrigation units in a decentralized manner, prior to the respective grant and permission. The rate of 30% will be applied to the revenue received in the calendar year in question exceed $1,000,000.00. Exorder constances and tax vouchers in which they settle the amount of payments made that constitute income from source of wealth located in Mexico in accordance with the provisions of Title V of this Law or of the payments made to the establishments abroad of credit institutions of the country, in the terms of Article 48 of the Law and, where applicable, the tax withheld from the of variable income at the date of acquisition, as referred to in the paragraph third of Article 88 of this Law, in order to make the determination of the gains or losses arising from the disposal of such shares, it may be chosen to make such a determination by decreasing the price of the assets under investment variable income on the date of sale of the shares of that investment company, the average value resulting from the last twenty-two closing prices of the immediate variable income investment items prior to the entry into force of this Law. premiums paid or from the mathematical reserves. In order to determine the actual interest, the provisions of Article 134 of this Law shall apply. IX. The provisional payment will be determined by applying the corresponding rate as provided for in the third paragraph of Article 106 of this Law, to the difference that results from decreasing to the month's income or of the quarter, for which the payment is made, the amount of the deductions referred to in Article 115 thereof, corresponding to the same period. which results from adding the initial and final balances of the financial year in question to its capital accounts, net tax utility and reinvested net tax utility and dividing the result of that sum between two. The taxpayers referred to in this article will calculate and enter the tax in a bimonthly form, which will have the final payment character, no later than the 17th of the months of March, May, July, September, November and January of the following year, by means of a declaration that they will present through the systems provided by the Tax Administration Service on their website. The tax for lottery prizes, raffles, raffles and contests, organized in national territory, will be calculated by applying the 1% rate on the value of the prize corresponding to each a ticket or whole ticket, without any deduction, provided that the revenue referred to in this paragraph is not taxed by the federal authorities, or the tax established does not exceed 6%. VIII. It shall be 100% deductible for the consumption in restaurants meeting the requirements of the V-fraction of this Article without exceeding the limits laid down in that fraction. IX. Article 135. The accounting and documentation relating to such information shall be kept for the period provided for in Article 30 of the Tax Code of the Federation, counted from the date on which such evidence is issued. XXIII. The average balance of the investment will be the balance that is obtained from dividing the sum of the daily balances of the investment between the number of days of the investment, without considering the accrued interest. Article 59. Article 178. For the purposes of this Law, when the moral person meets his or her members with the provisions of this Chapter, he/she shall be considered to be responsible for the performance of the tax obligations in charge of its members, with respect to the operations carried out through the moral person, with the members responsible for solidarity in respect of such compliance by the appropriate party. VII. Utility partition method, which consists of assigning the operation utility obtained by related parties, in the proportion that would have been allocated with or between independent parts, as follows: a) The global operation utility will be determined by the sum of the operation utility obtained by each of the related persons involved in the operation. That the land be destined for the construction of real estate development, for its disposal. disposal, reduced by the deductions authorised by the Law itself, except those laid down in Sections I, II and III of Article 151 thereof. Article 32. the sum of the total value of the inventories and accounts receivable related to the commercial activities of the splinter when those activities are preponderantly performed, or of the fixed assets when the company is divided Other business activities are preponderantly. Those obtained by granting the right to participate in a business, investment or any payment for to hold or participate in legal acts of any kind. In cases where the taxpayer's tax is less than the amount credited in the terms of this article, only return or compensation may be requested. They shall comply with the other formal, withholding and integer obligations laid down by the tax provisions. Taxpayers who exercise the option referred to in the last paragraph of Article 120 of this Law shall apply the 5% rate on the gain to be determined in accordance with that paragraph in the the financial year in question, which shall be entered by a declaration to be filed with the federal entity on the same payment dates as set out in Article 150 of this Law. The amount equivalent to the dividends paid by the issuing company may also be reduced from that selling price by the non-acquired shares which are the subject of the loan during the period which they have been lent, when the dividends are charged by a third party other than the borrower and the latter is restituted to the lender by way of property rights. The source of wealth will be considered to be in national territory when the lottery, raffle, draw or game with bets and contests of all kinds are held in the country. Article 29. When the income of the business activity obtained by the taxpayer in the period since the beginning of the financial year and up to the month in question exceeds the amount indicated in the the first paragraph of Article 111, or where any of the cases referred to in the second paragraph of section VIII of this Article are present, the taxpayer shall no longer be taxed in accordance with this Section and shall carry out such payment on the terms of this Law in the corresponding scheme, from the month following that in which the exceeded the amount quoted or the statement referred to in the fifth paragraph of Article 111 of this Law, as the case may be, was presented. Article 13. When the tax authorities practice an assessment and the tax authorities exceed by more than 10% of the consideration agreed to by the disposal, the total of the difference shall be deemed to be the income of the acquirer resident in the The tax will be determined by applying the 25% rate on the total of the difference, without any deduction, and the taxpayer must be aware of the tax by means of a declaration which he will present to the authorized offices within 15 days. They are considered to be included in the services provided by a resident abroad related to the presentation of the public shows, those who are destined to promote such presentation, including activities carried out on national territory as a result of the reputation of the resident abroad as an artist or athlete. In the case of the financial transactions referred to in Article 21 of this Law, the tax shall be calculated on the revenue received on the same terms as that laid down in that Article by applying the applicable rate in terms of this Title. The natural persons belonging to the companies referred to in the preceding paragraph will accumulate only the real interest taxed on their behalf by the same company, from of the debt securities held by the holding of that company, in accordance with the investment in it that corresponds to each of its members. It will be subtracted from the proven cost of acquisition, the part corresponding to the land and the result will be the cost of construction. shall be reduced, updated from the month of the disposal and up to the month in which it is reduced, of the average cost per share that is determined in the terms of this article in the disposal of the following or following immediate actions the taxpayer, even if they are different broadcasters. 11% in the manufacture, finish, dyeing and stamping of textile products, as well as garments for clothing. Interest to be paid between the Bank of Mexico, the institutions that make up the financial system, and the investment companies specialized in retirement funds. To the disposal of shares or securities which are not considered to be placed between the large investor public or the holding of transactions referred to in Sections I, II, III and IV of this Article, the acquisition of which is not performed on recognised markets as referred to in Sections I and II of Article 16-C of the Tax Code of the Federation, with the exception of when they are placed on the stock exchange of approved securities, shares or securities which are considered to be placed, between large investor public, provided that the securities which are disposed of, by means of one or more simultaneous or successive operations over a period of 24 months, in no case represent more than 1% of the shares in circulation of the company issuing the shares, and which in no case does the alienating of the shares or the securities period, with the exception of those mentioned in Article 93 of this Law and those for which the definitive tax has been paid, the authorized deductions, in accordance with Title IV of this Law. In the latter case, that balance shall be divided between the company being divided and the divided companies, in the proportion in which the accounting capital of the state of financial position approved by the general assembly is carried out. Moral persons shall not consider the income that corresponds to their members who have paid individually or the deductions that they correspond, and must be given to the natural persons and (i) the payment of the tax individually, the liquidation of the revenue and expenditure. XIII. Colleges of professionals and the organizations that group them together. Persons who make payments for the concepts referred to in Article 95 of this Law shall carry out the retention by applying to the total income for this concept, a rate that will be calculated by dividing the tax corresponding to the last ordinary monthly salary, between that salary; the ratio obtained shall be multiplied by one hundred and the product shall be expressed in percentage. The Tax Administration Service, by means of general rules, will establish the formal obligations and the way in which the provisional payments will be made, as long as these companies are considered within the business school programs. A person is generally a resident of Mexico if they have a home in Mexico. The federative entities will maintain in force the powers of verification referred to by the Fiscal Code of the Federation and the Law of Income Tax that is repealed, so that it makes the tax obligations of the taxpayers for the financial year 2013 and earlier. The tax authorities will be able to release from the obligation to pay the services through the media established in the preceding paragraph, where they are carried out in populations or in rural areas without financial services. Related parts of a permanent establishment, the parent or other permanent establishment thereof, as well as the persons referred to in the preceding paragraph and their establishments are considered permanent. The special consolidation concepts for pre-1999 financial years of controlled companies and of the controller shall be added or subtracted as appropriate, in the average daily share of the financial year 2013. The administrative facilities for checking the number of workers employed in the field, livestock feeding and minor expenditure may not exceed 10% of their own income with a limit of 800 000. To determine the tax that corresponds to that utility, it will be multiplied by the factor of 1.4286 and the result will be applied to the rate of Article 9 of this Law. The deductions authorized in this Section, in addition to complying with the requirements set forth in other tax provisions, must include the following: I. Article 190. The taxpayers referred to in this Section shall calculate the tax for the year in charge of the tax in accordance with Article 152 of this Law. The taxpayer is deemed to have omitted the submission of the statement referred to in this Article, where it does not contain the information relating to the entire income that the taxpayer has generated or generated subject to preferential tax regimes corresponding to the previous immediate financial year. The patterns that would have been established during the term of Chapter VIII, Title VII of the Income Tax Act that is repealed. Provide, to persons who make payments to them for the concepts referred to in this Chapter, a tax proof of the amount of the operation, and the withheld tax that was learned. V. Contributions may not be deducted where the value of the fund is sufficient to meet the obligations established under the pension scheme or Dealing with the income referred to in Article 142 (XIV) of this Law, interest and gain or loss, cumulative or deductible, in financial transactions arising from debt and capital, as well as in transactions financial, shall be determined in accordance with the provisions of Articles 20 and 21 of this Law, respectively. Moral persons who do not perform the business activities on behalf of their members shall comply with the obligations of this article and with Articles 72, 76, 102 and 105 of this Law. The amounts that have the character of participation in the utility of the taxpayer or are conditioned to obtain it, whether they correspond to workers, to members of the board of directors, to obligationists or to others. In the cases referred to in this paragraph, a declaration shall be lodged for all the enajenations even if it has not been imposed. in respect of those granted in the previous immediate fiscal year. In the case of payments by cheque, it shall be deemed to have been paid on the date on which the cheque was charged or when the taxpayer transfers the cheques to a third party, except where such transmission is in procurement. 2. will lose the right to do so in subsequent exercises up to the amount in which it could have done so. Taxpayers who engage in commercial activities that consist of the acquisition and disposal of goods shall only consider within the cost of the following: (a) The amount of the purchases of goods, decreased with the amount of refunds, discounts and bonuses, on the same, made in the
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