In case you decide to become a GRUPO MAROBA client, the aforementioned does not financially affect your business (increase on tax rates or more obligations) due to the services we provide (payroll and personnel administration, and advisory), provided that applicability of the provision is only binding to those taxpayers that fit on the Law on Income Tax assumptions.

 

For instance, nowadays the Law on Income Tax grants a consecutive10-year period for tax payment reduction; in 2014, there was a 100% reduction and for 2015 and the subsequent years, there will be a 10% additional reduction per year. This is what is known as the Tax Incorporation Regime (Regimen de Incorporación Fiscal), set forth on the 2014 amendments, and that has been widely publicized as a tax benefit, in order to create new jobs and organize new companies

 

For the outsourcing service purposes, there are some restrictions regarding deductibility, for companies that formally hold the working relationships with the employees, like GRUPO MAROBA (from 53% to 47% non-deductibility, in accordance to the taxpayer assumption and the payroll modifications), obligations that must be fully obeyed, in order to hold your company harmless from any dispute arising this matter or to avoid any join and several liability holding. Nevertheless, GRUPO MAROBA’ invoice are 100% tax deductible.

 

 

How does it work? Pursuant the provisions set forth on the new Law on Income Tax, wages and salaries payments are not 100% tax deductible, meaning that, the deductible amount for the exempt wages is from 47% up to 53%, if the requirements set forth by the Internal Revenue Service (SAT) are complied.

 

For employers like GRUPO MAROBA, obligations regarding the issuance of payment receipts certificates, eligible salaries, salary tax credit, and employment subsidy, have been eliminated. However, in order to keep a corporate and tax control, employers must issue tax receipts for paid wages, on the payment date. That is what is known as payment receipts dully certified, pursuant Section 99 of the Law on Income Tax.

 

It is also important to consider that according to the new provisions, wages cannot longer be paid in cash, meaning that payments should be made by electronic funds transfer or nominative checks (unless payments are made in towns with no financial services). As a corporate policy, GRUPO MAROBA does not make cash payments, and the payroll administration service is performed under the concepts of income and payments set forth by law.

 

The new Law on Income Tax stipulates that the banking institutions should notify the Internal Revenue Service (SAT), all cash deposits above 15 thousand Mexican pesos, for instance, in the tax payers credit cards audits, notwithstanding if they are registered or not at the Internal Revenue Service (SAT); therefore, it is important to watch out that the employee as well as the independent service provider, does not incur in any tax discrepancy.