Without changes in the minute sent by the Chamber of Deputies and with criticism from the opposition, the Senate generally approved the Fiscal Miscellany, which establishes that young people, once they turn 18, must register in the Federal Taxpayers Registry (RFC); in addition, a limit is placed on deductions on donations.
When presenting the opinion in the Plenary of the Upper House, Senator Alejandro Armenta, president of the Finance and Public Credit Commission, highlighted that the Miscellany eliminates the Value Added Tax (VAT) on menstrual hygiene products and not new taxes are created with the aim of “incentivizing investment”.
One of the tax changes proposed by the Miscellaneous is to article 151 of the Income Tax Law (ISR) to establish that the total amount of deductions that taxpayers may make may not exceed the amount that is less than five times the annual value of the UMA (the equivalent of 163,467 pesos), or 15% of the total income of the taxpayer.
This article has generated controversy on the part of opposition legislators, as they indicated that it affects civil society; However, the Tax Administration Service (SAT) explained that the established limit only impacts a family of seven, who abused tax benefits.
Read: Limits on deductions for donations will only affect 7 people in a family: SAT
During the discussion, Senator Gustavo Madero, of the Plural Group, pointed out that there is dissimulation in the Senate, since this law will not be moved by a single comma.
“We reiterate the call for the debate to be opened and that many of the observations that we have can prosper; under these conditions, the possibility of supporting, as it comes, this fiscal package is not apparent, ”he declared.
The opinion was approved in general with 67 votes in favor and 43 against, now it is discussed in particular. Senators have a deadline to approve the opinion until October 31.
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