Federation Income Law (LIF)

22/9/2020

• 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.