MATTER:

ENGLISH 2
TEACHER:
MIREYA MERCADO MENDEZ
MEMBERS:
SUSANA ZAMORANO MARTINEZ
KARLA JANETH ALVARADO ANTUNEZ
DANIELA MARTINEZ GARCIA
EVELYN MACIAS CAMPOS
JAHACIEL ESPINOZA MOLINA
MARIA MARIBEL HERNANDEZ
GROUP:
2 "A" ENGINEERING IN BUSINESS MANAGEMENT
RESEARCH TOPIC:
FISCAL DEDUCTIONS

FISCAL DEDUCTIONS Página 1

INDEX

Introduction .................................................................................................... 3

Summary.......................................................................................................... 5

Tax Deductions ...............................................................................................6

1. Moral Persons……………… .......................................................................7

1.1. Authorized Tax Deductions ....................................................................7

1.2. Unauthorized Tax Deductions ................................................................ 8

1.3. Requirements of Deductions .................................................................. 9

2. Individuals ................................................................................................. 10

2.1. Authorized Tax Deductions ....................................................................10

2.2. Unauthorized Tax Deductions ............................................................... 10

2.3. Deduction requirements ......................................................................... 11

3. RIF ............................................................................................................... 12

4. The Deductions and their Relation to the Receipts F ...................………12

4.1. Requirements of the Fiscal Vouchers ...................................................13

Results .............................................................................................................14

Conclusion ......................................................................................................15

Bibliography ....................................................................................................16

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INTRODUCTION

In the present work understands the investigation of Fiscal Deductions and his relation
with the Taxes, since these terms have a great and strong impact in the companies and
especially in the government, since while the companies pay more taxes the
government is the one that receives the money generated by these.

The term deduction of can define as a decrease or reduction of the income, these
deductions can be expenses or purchases that are indispensable for the business. The
taxes are the contributions established in the law that there must pay both the natural
persons and the moral persons for the benefit of public works.

The laws of Taxes have suffered so much big as small reforms across the fiscal
Mexican history. On February 21 of 1924 there was a modification where the Law was
created for the Collection of Taxes Established in the one that was establishing that the
deductions could be effected in the calculation of the taxes.

Nowadays several companies try to be deceptive to the Service of Tributary(Tax)

Administration (SAT) putting in his(her,your) deductions of certain taxes expenses or
investments, which were not realized by the company or turnover(invoicing) does not
exist, as well as personal expenses, for this reason, laws have been created in those
who must think certain requirements to be able to do deducible or not some expense or
purchase that does the company to his(her,your) suppliers or clients, it is necessary to
mention that if they are not fulfilled by each of the requirements, simply the deductions
that want to be born in mind in the calculation of the tax they were not carried out and
they will be annulled by the SAT.

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In this topic we will include matters related to the deductions as good his(her,your)
principal foundations, up to the requirements of deductions in every regime(diet),
so(then,since) there that to mention that a moral person and a natural person do not
take the same obligations as such a motive will not have the same requirements for the
deductions either.

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SUMMARY
We can bear in mind that the deductions have a great impact in the taxes, since these
do that the amount of the contributions to pay is diminished by them and not to pay so
much money, already q between(among) more deductions be it(he,she) would be better
for the company, but it yes, only putting invoices that expire with the requirements to
make the expense deducible. In short we can say that both in Natural persons and in
Moral Persons they exist a great variety of deductions that they can include in the
declaration of his(her,your) taxes, but also it is necessary to to have or bear in mind that
in order that these deductions could put in the calculation and that they are accepted by
the SAT in necessarily to expire with certain requirements, besides which they must be
strictly invoiced, already q if deductions are included of that not there turnover(invoicing)
they would get into serious problems with the SAT.

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DEDUCTIONS FICALES

The topic of the fiscal deductions in

relation with the taxes is very
important for the finance department
of a company or for a countable office.
The terms(ends) of Deductions and
Well versed they are connected
between(among) if since in the
calculation of taxes they put on the deductions him(her) reducing these to the income to
be able to obtain a base and this way devote the rate(price list) for q after this of total
him(it) at paying of taxes to the condition(state).

According to the article 31 fraction lV mentions that " All the Mexicans must
contribute(pay) to the public, like that expenditures of the Federation, since(as) of the
States, of the Mexico City and of the municipality in which they reside, in a proportional
and equitable way that the laws arrange ", this wants to say that they will have to
contribute(pay) to the payment of taxes, obviously being able to reduce those
deductions that the company has.

The Fiscal deductions help very much the persons who have many income, since
between(among) more income and fewer deductions the payment of tax will be very
high. At present, persons' great variety they try to increase his(her,your) deductions of
different way, for example, they include in his(her,your) deductions already it is personal
expenses or expenses and purchases that are not invoiced or the turnover(invoicing) is
bad made (it is necessary to mention that if the invoice has a mistake automatically the
expense the purchase will not be deducible) since in order that can deducible being the
expense the invoice also debit of certain requirements fulfill for q the SAT could approve
her.

The deductions apply both for Natural persons and for moral Persons, only that have
different requirements in order that a purchase could be deducible.

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 MORAL PERSONS

She is defined as a moral person to a

persons' group that there join with a
certain end (purpose), for example, a
mercantile company(society), a civil
association. In agreement with
his(her,your) corporate purpose, a moral
person can pay in specific rate as(like):

Moral Persons of General Regime(Diet). They are those companies(societies) that have
a lucrative (Monetary) end(purpose) and q have diverse fiscal obligations.

Moral Persons with Not lucrative Ends(Purposes): They are those moral persons whose
purpose is not to obtain an economic profit or I enrich.

FISCAL AUTHORIZED DEDUCTIONS

The article 25 of ISR's Law mentions that the contributors will be able to effect (to
carryout) the following deductions:
1. The returns that are received or the discounts or bonuses that are done.
2. The cost of the sold.
3. The clear(net) expenses of discounts, bonuses or returns.

FISCAL DEDUCTIONS Página 7

4. The investments.
5. The irrecoverable credits and the losses for act of God.
6. The quotas paid for the bosses to the Mexican Institute of the Social Insurance
(IMSS).
7. The Earned interests.
8. The payment of, live together annual for inflation.
9. The full anticipations.
10. Creations of Reservations(Reserves) for funds of pension, retirement.
11. Deductions for anticipations of expenses.

For resident persons abroad, the deductions will be the following ones:
1. Expenses that prorraten.
2. Not deducibilidad of the remittances.

3. Companies dedicated to the international transport Aero or terrestrial average

4.Determination of the expenses.

FISCAL NOT AUTHORIZED DEDUCTIONS

According to the article 28 of LISR it(he,she) mentions q the following aspects will not
be deducible:

1. ISR's payments, as well as the contributions at the expense of third parties.

2. Quantities dedicated to the personnel of the company from subsidy of the
employment.
3. Obsequiousnesses, attentions and expenses of analogous nature.
4. Those entertainment expenses that the company does.
5. The travel allowances or travel expenses both national and international.
6. The travel expenses destined for supply(food), as long as exceed of 750.00 $ daily, if
they do not exceed of this quantity it(he,she) will be deducible.
7. Travel expenses destined for cars, these will be able to become deducible as long as

FISCAL DEDUCTIONS Página 8

do not exceed 850.00 $ daily.
8. Travel expenses destined for the accomodations.

Commercial Credit.
1. Lease of cars.
2. Provisions that distinguish themselves.
3. proportional Deduction of planes.
4. Interests.
5. Payments of VAT and IEPS.
6. Period of update of the losses.
7. Consume in bars or restaurants.
8. Expenses of dining rooms.
9. Quantities with PTU's character.
10. Anticipations for acquisition of goods.

REQUIREMENTS OF THE DEDUCTIONS

According to the article 27 of THE LISR the authorized(expert) deductions will have to
assemble(to bring together) the following requirements:
1. To be strictly indispensable for the ends(purposes) of
activity of the contributor.
2. Treating itself about donations they will be deducible as
long as be public establishments.
3. The amount of the donations alone will be deducible up
to 7 %.
4. The payments of electronic transfer of funds only will be deducible when which
amount does not exceed 2,000.00 $.
5. The payments that are effected(carried out) by means of checks will have to contain
the key in the federal record of the contributor.
6. That the expenses are due registered in accounting.
7. Retention and point of taxes at the expense of third parties.

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8. That is realized to trasladación of VAT.
9. That the interests are completely full.
10. That the fees

11. That the payments of premiums(cousins) do to themselves in conformity with the

laws.
12. That the premiums(cousins) of life insurances are deducible as long as the benefits
of this insurance cover the death of the holder.
13. The credits do not exceed thirty thousand UDIS.

Some of the most important requirements in order that an expense could become
deducible it(he,she) is that it(he,she) is strictly indispensable for the company or the
business this wants to say that the this expense directly related to the activity of the
company or that should be necessary to reach the ends(purposes) of his(her,your)
activity or the development of this one.

PHYSICALPERSONS
A person físic is an individual who
can give services, realize commercial
activities, hire real estate, work for
wages, between other occupations;
depending on the activity that they
realize and his(her,your) average of
income, they will belong(concern) to
a fiscal specific regime(diet).

FISCAL AUTHORIZED (EXPERT) DEDUCTIONS

According to the article 115 of LISR the persons will be able to effect(to carry out) the

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following deductions:
1. Payments effected(carried out) by taxes.
2. Maintenance costs.
3. The interests paid for lendings used for the purchase, constructions or improvements.
4. The amount of the premium(cousin) of insurances.
5. The investments in construction.
6. Deduction of expenses for sublease.
7. Commissions and full medicines.
8. The local and federal contributions with the exception of income taxes.
9. Occupy first place for insurances of medical expenses.

FISCAL NOT AUTHORIZED(EXPERT) DEDUCTIONS

According to the article 148 of LISR it(he,she) indicates that there will not be able to
become deducible the following ones (Santillana, 2015):
1. Taxes and quotas.
2. Investments in dwellings, dining rooms planes and crafts.
3. Investments or payments for revenue of cars.
4. Donations and entertainment expenses.
5. Sanctions and indemnifications.
6. Wages, commissions or fees paid to lessors.
7. Interests derived from investments.
8. Payments for VAT or IEPS.
9. Expenditures in bars or restaurants.
10. Payments for customs services.
11. The restitution for lendings.
12. Losses obtained in financial derivative operations.

REQUIREMENTS OF THE DEDUCTIONS

FISCAL DEDUCTIONS Página 11

As well as to the companies the law grants them acumulables effect(carry out) certain
deductions of the amount of his(her,your) brute(gross) income to determine the revenue
grabable, also the natural persons can reduce of his(her,your) income the expenses
strictly necessary for the obtaining of the above mentioned income, as well as an equal
quantity to the general minimum wage of the contributor's zone.
In order that the deductions are accepted or authorized by the Law, it(he,she) will have
to assemble(to bring together) the following requirements:
1. That are strictly indispensable for the obtaining of the income.
2. That the deduction realizes only once.
3. The payments are effected(carried out) by means of electronic transfers.
4. Prohibition of fiscal effects to the revaluation.
5. Adjournment of the VAT in express form and separately.

Payments for concept of salary.

7. That are due registered in accounting.
8. Term to assemble(to bring together) requirements of the deductions.
9. Deduction of concepts really(exactly) distributed in the exercise(fiscal year).
10. That the payment of premiums(cousins) of insurance or bails(deposits) are done in
conformity with the law.

THE RIF

As the mentioned paragraphs establish fifthly and sixth of

the article 111 of the LISR, the deductions that will be able
to be reduced of the income to determine ISR's two-monthly
calculation, are the following ones:
1. The deductions authorized in the Law that are strictly indispensable for the obtaining
of the income of the regime(diet), as well as the expenditures really(exactly) realized in
the same period for the acquisition of assets, expenses and deferred charges.

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2. The participation of the workers in the usefulness(utilities) of the companies paid in
the exercise(fiscal year).
3. The difference between the income and the deductions, when the above mentioned
are major.

THE DEDUCTIONS AND THE RELATION WITH THE VOUCHERS

The fiscal vouchers it is that document that is received on having acquired a good,
consisting the purchase or expense that does the company. In order that an expense or
purchase that does the company is deducible it is necessary that a fiscal voucher is of
for way where one consists the compa of the good and especially the quantity that this
cost. According to the article 27, Fraction the IIIrd of ISR's Law in the paragraph of
requirements of the deductions mentions that alone there will be deducible those
purchases that are protected by a fiscal voucher and especially that the payments do
not exceed 2,000.00 $ in cash, otherwise the payment must be effected(be carried out)
by means of checks or electronic transfers.

The fiscal vouchers must have certain requirements in order that the deduction is
authorized by the SAT, if the voucher has some mistake automatically the deduction
that is born in mind for the calculation of Taxes will be rejected or it will not be possible
diminish to the income, according to the article 29-A of the Fiscal Code of the
Federation It(He,She) Mentions q the requirements for the vouchers they are

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REQUIREMENTS OF THE VOUCHERS.

I. Name or trade name, Fiscal domicile, RFC.

II. Number of sheet of paper.

III. Place and shipping date.

IV. Quantity and description of the purchase or service.

V. RFC of the person to whom the voucher is sent.

VI. unitary Value and total amount.

VII. Number and date of the document.

VIII. Date of impression(printing).

IX. Form of payment.

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RESULTS
Since(As) result we obtain that according to the SAT not all the expenses could be
deductions, but they must be fulfilled by certain indispensable requirements in order that
they could enter the calculation of the taxes.

In this part it is where

Income Acumulable there are included all
(-)Authorized deductions those expenses and
corporate buyings that
(-)PWU paid
can be deducible.
(=)Fiscal usefulness
(-)Fiscal losses for amortizing Of previous exercises
(=)final result
(x) fee ISR 30%
(=)Tax of the exercise
(-)provisional payments
(-)Retained or accredited
(=)For paying or I pay to favor

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CONCLUSION:
Since(As) conclusion we come to that the deductions are a very important tool in order
that the amount of tax to pay diminishes or the tax is accredited by the company, but
also it is necessary to bear in mind that not any expense or purchase that does the
company can be deducible, but there has to be checked that invoices are of expenses
strictly or indispensable for the company, if they it are not, they will not be able to be
deducible what it(he,she) cannot enter the calculation of tax and this can increase the
quantity, in addition they have to check the requirements in order that the expense can
become deducible.

The topic of Fiscal Deductions is very important since it(he,she) plays a great
paper(role) in the Taxes, since to the income him(her) the deductions are reduced. Of
equal form it is necessary to to bear in mind that needs the fiscal vouchers in order that
the deduction could enter the calculation of the tax, otherwise it will not be accepted by
the SAT, and especially, that the vouchers have the necessary and correct
requirements in order that it could bear in mind the deduction. (Valenzuela, 1999)

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References

Castañeda, J. A. (1998). Sistema Tributario Federal. Mexico D.F.: SISTA.

Santillana, E. L. (2015). Fisco Agenda. México: Ediciones Fiscales ISEF.

Valenzuela, A. R. (1999). Introducción al Derecho Mercantil y Físcal . México D.F.:

LIMUSA S.A de C.V.

Web Sites

http://catarina.udlap.mx/u_dl_a/tales/documentos/lcp/tellez_y_r/capitulo3.pdf

http://www.sat.gob.mx/informacion_fiscal/obligaciones_fiscales/personas_morales/Pagi
nas/default.aspx

https://contadormx.com/2014/04/04/deducciones-autorizadas-para-el-regimen-de-
incorporacion-fiscal-rif/

http://catarina.udlap.mx/u_dl_a/tales/documentos/ledf/cervantes_p_md/capitulo4.pdf

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