Federation Income Law (LIF) | Manuel Nevárez y Asociados
Federation Income Law (LIF)
Adjust lAt a current interest income tax withholding rate of 1.45%, at 0.97% for 2021, which applies to the capital that gives rise to the payment of interest.
Establish that the beneficiaries of the tax incentives provided for in sections I to VI of section A of article 16 of the LIF, consider them as accumulative income for ISR purposes, at the time they are effectively credited. The stimuli mentioned are the following:
Incentive for corporations and individuals with business activities that use diesel or biodiesel and their mixtures as fuel in machinery, except in vehicles (sections I and II).
Incentive for taxpayers who use diesel or biodiesel and their mixtures as fuel in machinery in agricultural or forestry activities (sections II and III).
Stimulus for public and private transporters of people and cargo, and tourist transport; that use diesel or biodiesel and their mixtures as fuel in vehicles (fraction IV).
Stimulus for public and private transporters of people and cargo, and tourist transport; that use the National Network of Toll Highways (fraction V). It is worth mentioning that this stimulus was previously considered as accumulative income.
Incentive for taxpayers who use fossil fuels in their production processes, provided they are not used for combustion (fraction VI).
Eliminate the incentive for taxpayers who dispose of books, newspapers and magazines, consisting of an additional deduction equivalent to 8% of the cost of books, newspapers and magazines purchased by the taxpayer, for ISR purposes.