Rent is called, the product of capital, labor or a combination of capital and labor. Can be distinguished for tax purposes the gross income, which is total income received without any deduction, as for example when a tax levied on income from work or from capital in the form of interest. Sometimes the income is taxed when it is free after deduction of revenue expenditure required ara obtaining income, allowing the deduction of certain expenses subject to the tax.
Subjects.
The individuals and corporations must pay income tax by:
* Residents in Mexico with respect to their income.
* Foreign residents who have a permanent establishment or a fixed base in the country, in respect of income attributable to that establishment or base. Also those whose income from sources within the national territory and which do not have a permanent establishment as it exists, that revenues are not attributable to them.
Permanent establishment.
Is called to any place of business in which to develop business activities (branches, agencies, offices, workshops, utilities and mines, instead of exploration, exploitation or extraction of natural resources).
Income from a business establishment.
Are those from the business developed from the fees and those derived from the provision of a service staff independently.
Also for the sale of goods or real estate in Spain.
Personal Moral Law as the ISR.
Entities are considered the corporate, decentralized with business, institutions of credit, companies and civil associations.
People will pay for moral concept of the result of applying income tax to 35% of the Prosecutor obtained in the year (Art. 10 SRI).
Staff Attorney.
* You get the utility tax decreasing the total revenue accruing from the exercise, the deductions allowed by law
* A utility’s fiscal year it will decrease tax losses pending implementation of other exercises.
Partial exemption.
Partial exemption will be granted to entities engaged exclusively in agricultural activities, farming, forestry or fishing, provided that their income in the year do not exceed 20 pay the minimum general higher per year. This exemption shall not exceed in total 200 times the salary minimum.
In addition not pay income tax on their products:
* Ejidos.
* Unions ejidos.
* Social Enterprises.
* Partnerships rural interest group.
* Unit of industrial farming women in rural areas.
* Colonies agriculture and livestock.
Activities with lower taxes:
Tax reduction is granted in the following percentages:
* 50% devoted to agriculture, livestock, fisheries or forestry.
* 25% if the taxpayer industrialising their products.
* 25% if a commercial or industrial activities in which they have up to 50% of their income.
* 50% is dedicated to publishing books.
Such taxpayers are those whose income for their activities represent at least 90% of its total revenues.
Income.
Entities accumulate all the cash, goods, service, credit to obtain any other in the exercise, including those from its establishments abroad.
Profit inflation.
Is the income that taxpayers earn by declining real their debts.
Other income accumulated.
Are treated as income accruing to:
* Income determined by the SHCP.
* Income in kind .- The difference between the share of investment not yet deducted, according to current law and under the appraisal value performed by a person authorized by the Ministry of Finance takes the time to transfer his property by payment in kind .
* Difference between inventories if ranchers .- The difference between the inventories of initial and final year, when the inventory is the higher end of the case contributors involved in ranching.
* Earnings per pass improvements to the lessor .- Those who come from buildings, facilities or improvements in buildings, according to the contract for which was granted its use or enjoyment are to benefit from the owner.
* Gain on disposal of assets, securities, merger, division, and so on.
* Payments for recovery of a claim by deducting uncollectible.
* Recovery insurance, securities. Etcetera.
* Revenue per compensation insurance of the man .- key quantities that obtains compensation to compensate for the decline in his productivity have caused death, injury or disease or technical leadership.
* Interest and earnings inflation.
Deductions.
Taxpayers may make the following deductions:
* Returns, discounts or rebates .- Even when they are in subsequent years.
* Purchase of goods and raw materials, semi-finished or finished products used to deliver services, to manufacture goods to sell, with diminished returns, discounts and rebates on them even made in subsequent years.
* Expenditures.
* Investment.
* Difference in inventory for livestock.
* Credit losses for bad and unforeseeable circumstances.
* Contributions to funds for technology and training (Art. 27).
* Creation of reserves to pension funds, pensions and so on.
* Interest and inflation loss.
* Advances and companies pay income cooperatives of production as well as the advances to deliver civil societies and associations to their members.
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