With the purpose of promoting  tax compliance, the Secretariat of Finance and General Treasury of the State, [in Spanish: la Secretaría de Finanzas y Tesorería General del Estado],  has introduced a series of incentives for taxpayers with outstanding tax obligations or debts assessed by the state authorities. These incentives, published in the Official Organ of the State, [in Spanish: Periódico Oficial del Estado], include significant reductions in surcharges and penalties corresponding to fiscal years 2018 to 2023. 

Taxpayers who adhere to this initiative will be able to access the following benefits:

• A 90% subsidy for surcharges and penalties on tax debts.
• An 80% subsidy for surcharges, penalties, and implementation costs that are associated with tax debts or oversight procedures in progress.
• A 50% subsidy for penalties related to non-compliance with formal obligations that are not associated with the tax payment.

In order to access these benefits, taxpayers must comply with their tax obligations for the 2024 fiscal year. Moreover, deferred tax liabilities or payments in installments can be advantageous, provided that it concerns an outstanding balance for the 2018-2023 tax years.

Requirements and restrictions:

• Withdrawal of legal defense: In order to be elegible, it is necessary that taxpayers waive any means of defense that has been filed.
• Not applicable for debts that have already been paid. These benefits may not be applied to tax liabilities that have already been settled.
• Exclusions: Does not apply to cases where there may be complaints or criminal proceedings initiated for failure to pay taxes.

Applicability: This program covers different state taxes, including a payroll tax, taxes on the procurement of prizes or awards, betting games, and lodging; among others.

Validity period: The incentives will be available from August 23, 2024 until December 31, 2024.

If you have any questions, JA. DEL RÍO can provide you with our experts to advise you in matters concerning compliance with your legal and tax obligations. Once again, please let us know if we may be of any further assistance to you at: contacto@jadelrio.com.