Banks, shipowners and miners pay lower ISR to most workers in Mexico

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Ownership

Mexico City.– Starting in 2025, taxpayers will be able to receive up to 600,000 pesos in loans without having to report them in their annual statement, the Tax Administration Service (SAT) reported. However, if this amount is exceeded without justification, fines of up to 34,730 pesos and a possible audit could be applied.These are the words that you should NOT put in your bank transfers Requirements to avoid sanctions According to Article 90 of…

Expansion

Factuality

Ownership

The multiple or commercial banking, automotive and mining sectors pay effective income tax (ISR) fees, which are lower than the majority of workers in Mexico, who receive more than one and up to two minimum wages, according to figures from the Tax Administration Service (SAT), Oxfam and the National Institute of Statistics and Geography (Inegi). SAT information indicates that in 2021, the multiple or commercial banking sector paid an effective r…