Regulatory Alerts2024-02-23 | DOF 5717832Added
Resolution of Administrative Facilities for Taxpayers in the Sectors Identified Therein for 2024
This Resolution grants administrative and verification facilities for the 2024 fiscal year to taxpayers in the primary sector and federal land freight transport sector. It allows primary sector taxpayers to deduct up to 10% of their own income (capped at 800,000 MXN) for labor, livestock feed, and minor expenses under specific conditions, and permits semi-annual provisional ISR payments for qualifying moral persons. It establishes a 4% ISR withholding rate for payments to occasional field workers, provided daily wages do not exceed specific thresholds, and exempts certain agrarian moral persons from filing provisional and annual ISR and VAT returns if their income remains within defined UMA limits. Additionally, it waives the requirement for formal payment methods for transactions under 5,000 MXN in the primary sector and allows distributors to act as sales receipts.
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