H. ELECTRONIC ACCOUNTING
Taxpayers are required to have its accounting transactions in
electronic fashion based on account catalogs and codes issued by
tax authorities. They also have to send part of their accounting
information in the following terms:
- From January 2015 taxpayers with
income of 4,000,000.00 or more in the tax year 2013 have to send
their accounting information.
- From January 015 taxpayers with
income lower than the one indicated above have to send their
accounting information.
Tax authorities may perform electronic reviews of the accounting
information sent by taxpayers.
Personal Taxes
Persons residing in Mexico calculate their annual tax on their
total income generated both in the country and abroad. In the case
of foreign income, taxes paid abroad are generally credited against
taxes payable in Mexico.
