2021 Fiscal Reform
2021 FISCAL REFORM On December 8th, 2020, the Decree reforming, adding, or abrogating certain provisions of the Income Tax Law (ITL), Value Added Tax Law (VATL) and the Federation Fiscal Code (FFC) were published in the Official Journal of the Federation. The main objective of the tax reform is to expand the rights of[…]
New Obligations for Donataries Receiving COVID-19 Donations
The tax authority at the federal level publishes rule 3.10.32 which is aimed at: Recipient civil organizations to receive deductible donations Receiving trusts to receive deductible donations whose corresponding corporate purpose or authorized purpose: Medical assistance, rehabilitation are authorized to financially support another civil organization or authorized trust. Two main[…]