As a result of the amendments made to the Income Tax Law, Value Added Tax Law and Federal Tax Code -published in the Official Gazette of the Federation on December 8th, 2020- SAT released the “Effective Income Tax Rates for Major Taxpayers” last June 13th in order to evaluate the tax risk of 40 economic activities for the following tax years: 2016, 2017, 2018 and 2019.
These economic activities are part of the following sectors:
- Mining
- Manufacturing industries
- Wholesale trade
- Retail trade
- Financial and insurance services
In a press release, SAT invites taxpayers to compare their own tax rate with those published for each activity, in order to evaluate their risks and, if necessary, correct their tax situation to avoid tax revisions.
The effective rates can be consulted here:
http://omawww.sat.gob.mx/TasasEfectivasISR/Paginas/index.html
The full text of the press release is available at the following link:
