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Tax impact of Payroll expenditures for maquiladoras 2014 Western Maquiladora Trade Asociation November 2013 Adrian Ocampo Ave. Sonora No. 13 Int 3ª Col.

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Presentation on theme: "Tax impact of Payroll expenditures for maquiladoras 2014 Western Maquiladora Trade Asociation November 2013 Adrian Ocampo Ave. Sonora No. 13 Int 3ª Col."— Presentation transcript:

1 Tax impact of Payroll expenditures for maquiladoras 2014 Western Maquiladora Trade Asociation November 2013 Adrian Ocampo Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)

2 Sarting January 2014 Main Changes to payroll are aplicable: Limited deduction of 53% of expenditures on exempt income for emplyee: Fringe benefits, employee`s savings loan funds, severance payments, anual bonus overtime vacation pemium, Sunday premium and extempt portion of PTU If this provision do not change, they will be deductuble at 53%. If they are changed for 2013 to 2014 they will be deductible at 47% Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)

3 Because this expenditures are necesary and for the maquiladora operation a review of the efect that the changes to the deductions of payroll expenditures is recomended from a legal (labor) and (tax) perspective. What efect will this issue have on the APA? Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)

4 In most cases the changes will cause new tax burdens on the existing operatios In the past the federal goverment has tried to tax payroll (2003 and 2004 ISCAS) Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)

5 I t important to analize the impact of the reform and to consider Amparo action againts the reform. A 30 day working deadline to file a motion in 2014 will be activaded and will end on February 11, Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)

6 Thank you Adrian Ocampo (619) Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC (619)


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