As announced in his 2023 Master Planthe Tax Administration Service (SAT) published the effective rates that large taxpayers of I had to declare and payincome tax (ISR) of the fiscal years of 2020 and 2021, that is, during the pandemic.
This is the first list of effective rate that was announced this Tuesday for 40 economic activities from five sectors, which must coincide with the tax rate that the companies declared and informed the treasury in 2020 and 2021.
That is If they paid a lower rate than the effective rate published today by the SAT, they will have to regularize their situation filing a supplemental tax return to get on hand or else they will be subject to a review.
He indicated that with the aim of encouraging voluntary compliance, he invites large taxpayers to consult the effective tax rate of economic activity to which they belong.
The foregoing so that they can compare it with respect to what they declared in each indicated year, and to be able to measure their “tax risks” or, where appropriate, correct your situation by submitting a supplementary statement.
With this, he warned, would be minimizing the possibility that the SAT initiates an in-depth review oriented to verify the correct fulfillment of its obligations.
Banks effective rate
From the list, the effective rate that banks had to pay in 2020 of 5.30% stands out, if it was higher than that they have no risk, but if they paid taxes at a rate below that level, they’re in trouble.
By 2021, the effective rate payable by banks according to the SAT was 4.89%; for brokerage firms of 5.54% and 5.05%, for each year.
The effective ISR rate considered by the SAT for companies dedicated to the wholesale trade of perfumery items is 2.35% for 2020 and 2.68% for 2021.
While pharmacies with mini-supermarkets should have paid an effective tax rate from 1.28% and 1.83% in each year mentioned; otherwise they will have to pay the difference.
Other sectors that are included in the list are: aluminum industry, copper, nickel, gold and silver mining industry, sofomes, new car sales companies, insurance, tube manufacturing among others.
io
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SAT Ministry of Finance and Public Credit
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