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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 adrian@ocampo.biz (619) 666 9465

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 adrian@ocampo.biz (619) 666 9465

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 adrian@ocampo.biz (619) 666 9465

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 adrian@ocampo.biz (619) 666 9465

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, 2014. Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC adrian@ocampo.biz (619) 666 9465

6 Thank you Adrian Ocampo adrian@ocampo.biz (619) 666 94 65 Ave. Sonora No. 13 Int 3ª Col. Chapultepec, Tijuana BC adrian@ocampo.biz (619) 666 9465


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