The maximum deductible amount in the annual returns
will be set to the equivalent of 4 (four) annualized
minimum wage, equivalent to $98, 243.40 pesos or 10 % of the annual income of
the taxpayer, whichever is less. This will cause the taxpayer to have a higher
tax base from the one it had with the prior rules, David Escalante warned, a tax
specialist a consultant at KPMG.
In the information published today by the Reforma
newspaper, the specialist explained that based on the above the taxpayer will
not be able to deduct on its annual tax expense concepts such as tuition,
medical and mortgage for a lower tax payment, as a whole, by having the power of
deducting only ten percent of its earnings.
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