Decrease of the ISR in payroll of workers.
In previous days was published in the Official Journal of the Federation, Annex 8 of Resolution Miscellaneous Fiscal (RMF) 2021, in which it contains the rates for the calculation and decrease of the Income Tax (ISR) that will be in force in 2021 for natural persons, This calculation recognises the inflationary effect of the ISR Act.
Art. 152 LISR.
When the observed inflation accumulated since the last month that was used in the calculation of the latest update of the amounts established in national currency of the tariffs contained in this Article and in Article 96 of this Law, in excess of 10%, those amounts shall be discounted for the period from the last month used in the calculation of the last update and until the last month of the financial year in which the above percentage is exceeded. For these purposes, the discount factor resulting from dividing the National Consumer Price Index for the month immediately preceding the most recent of the period shall apply, between the National Consumer Price Index for the last month used in the calculation of the last update. That update shall enter into force on 1 January of the following financial year in which the abovementioned increase has been submitted.
For this year, the adjustment is due to accumulated inflation from December 2017 to November 2020, which amounts to 11.42%, in the light of this, workers will see a reduction of this tax on their payroll receipts and as a result of this having fewer taxes they will have an increase in their net income, The above is recognized the inflationary effect of the loss of purchasing power of the peso, causing the marginal tax to decrease, generating a reduction in taxes.
The ISR will decrease for all income ranges, but the greatest effect will be between wages ranging from 5,000 to 7,000 pesos per month, these salaries can have a tax reduction of up to 50%.
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The main purpose of this information is to provide guidance to the general public. It does not replace the provisions of applicable law. Nor does it replace the specialized legal advice or consultancy that can be offered by any of the lawyers and/or accountants of Bandala | Díaz | García