The legal entities taxed under the general regime of the Income Tax Law, which estimate that the profit quotient for fiscal year 2022 will be lower than the one being used during this fiscal year, may request from the second half of the year that they be authorized to reduce the interim payments from July to December of this year.<\/p>\n
In this regard, it will be necessary to prepare the forecast of the profit quotient for the year and\/or the tax at the end of the year, for which reason it is important that taxpayers estimate the accounting result, which will serve as a basis for determining whether the reduction is viable to request.<\/p>\n
In accordance with the tax provisions, it is established that the request for such authorization shall be submitted to the tax authority one month prior to the date on which the interim payment to be reduced must be paid. When several monthly tax installments are requested to be reduced, such request must be filed one month prior to the date on which the first of them must be paid.<\/p>\n
It is important to make the financial-fiscal forecast for fiscal year 2022, considering all the assumptions and operating plans for the company’s fiscal year, in order to avoid making excessive interim income tax payments that are estimated to be determined at the end of fiscal year 2022 (and even if it is estimated that a tax loss will be obtained for some reason in said fiscal year), thus optimizing the company’s resources.<\/p>\n
In accordance with the law, if as a result of the authorization to reduce the monthly tax installments, the amount paid is less than the amount that would have been due under the terms of the same law, the surcharges must be paid for the difference between the payments made when applying the lower quotient and the amount that would have been due if the lower quotient had not been applied.<\/p>\n
Considering the above, N\u00fa\u00f1ez Rosas offers you our services to assist you with this procedure, working together with you, in order to comply with the authority’s requirements, seeking access to this procedure.<\/p>\n