Fiscal Perspectives for 2019. Will there be new taxes, tax amnesty or greater collection?


Fiscal Perspectives for 2019. Will there be new taxes, tax amnesty or greater collection?

In the face of the new administration (led by Andrés Manuel López Obrador) that will begin on December 1, 2018, it is extremely important to address the tax aspect, since it will be fundamental in the face of the spending projects that the president-elect has.
It is essential to have sufficient income, which can be obtained, mainly, through oil or tax revenues.
It has been mentioned that there will be no new contributions and that there will be no increase in existing taxes. Moreover, it has been said that there will be a VAT decrease in the northern area of our border, in order to compete with the indirect tax expected in the United States.
The above seems, in principle, good news for taxpayers, but we must take into account that the fact that there are no new taxes or increase in them, does not necessarily translate into lower collection.
The foregoing is true, since the tax authority can exercise its powers of verification and verify the correct fulfillment of our tax obligations, mainly through: domiciliary visit, cabinet review, review of opinion and electronic review, to determine, if necessary, the omitted contributions, plus the corresponding update (inflation), surcharges (interest at a rate of just over 13 percent per year) and imposing fines (the minimum is 55 percent of the omitted contribution).
It will be an important source of tax revenue for the next administration, which is derived from the acts of control, taking into account that today there is a legal and electronic platform that allows audits and collection are much more efficient than in previous years .

Another aspect to take into consideration is the possibility of implementing a tax amnesty, which consists in canceling firm tax debts or those that are in court; and if it is applied as the last (2013), it may include the 100 percent forgiveness in surcharges, updates and fines, and 80 percent of the amount of the omitted contribution.
What would result in paying only 20 percent of the omitted contribution updated, which would bring a significant collection, taking the following data:
The reviews carried out during 2012 showed a secondary collection amount of 99.3 billion Mexican pesos.
The reviews carried out during 2013 showed a collection amount of 118.8 billion Mexican pesos, 15 percent higher in real terms than that reached in 2012.
The implementation of the program “Ponte al Corriente” or Fiscal Amnesty in 2013, allowed that over a period of three months (time that lasted the program) recovered more than 40.3 billion Mexican pesos.
That being the case, there are other ways of collecting without necessarily resorting to the creation of new taxes or increases in existing ones.

-Lic. Juan Antonio Aguilar

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