Flash News CRDP

Annual withholding rate on the amount of invested capital will be 0.50% for 2024 and the second tax authorities vacations period

 

Hello Clients,

 

On November 13rd, 2023, the decree of the Federal Income Law for 2024 was published.

 

In the afore mention Decree, it’s stated for the fiscal year 2024, the annual withholding rate on the amount invested, which will be at 0.50%, when the interest comes from the financial system, instead of 1.48% as initially proposed.

 

On the other hand, the surcharges rate for tax payments extension, has no changes.

 

In this sense, for the fiscal year 2024, the surcharges rate will be as follows:  

 

Surcharges	Monthly rate
Extension	0.98%
Partial payments of up to 12 months	1.26%
Factions between 12 to 24 months	1.53%
Factions up to 24 months	1.82%

 

On the other hand, on November 14th, 2023, the Eighth Resolution of Amendments to the Miscellaneous Tax Resolution for 2023, in it’s Seventh Advance Version, was published on the Tax Administration Service website, and states that the second general vacation period of 2023, for the Mexican tax authorities will be from December 18th, 2023 to January 2nd, 2024.

 

Finally, our team of professionals is at your disposal to advise your company, with the purpose of correctly complying with your tax obligations, and risks prevention.

 

In case you have any questions or comments, please do not hesitate to contact us.

 

Best regards.