Large Firms Save Government Revenue; the SAT achieved extra resources in 2020

Business

By CAPosts 14 January, 2021 - 05:00am 28 views

MEXICO CITY.

Despite the health crisis, in 2020 the government had additional revenues of 492.928 billion pesos.

According to the SAT, at the end of last year, tax revenues were three trillion 336 thousand 876 million of pesos, a real increase of 0.7% compared to 2019.

This increase was due to the collection strategy, inspection and foreign trade, he stressed. He added that of the surplus, 44% was obtained by auditing large taxpayers, who contributed 215 thousand 659 million pesos to the government coffers.

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For audits and audits, the income was 150 1,978 million pesos or 31% of the surplus

109 thousand 157 million pesos were obtained from tax collection and 17 thousand 134 million pesos from foreign trade

THE SAT ACHIEVES ADDITIONAL INCOME IN 2020

In the midst of the pandemic Due to covid-19, the federal government reported that tax revenues of three trillion 336 thousand 876 million pesos were achieved at the end of 2020, a real increase of 0.7% compared to that observed in 2019.

In a statement, the Administration Service Tributaria (SAT) reported that this increase was due to the collection, inspection and foreign trade strategy, where excess income of 492.928 billion pesos was achieved.

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Of this total, 44 percent was obtained by auditing large taxpayers, who contributed 215 thousand 659 million pesos to the government coffers

For audits and audits in In general, the income that was contributed was 150 thousand 978 million pesos or 30% of the surpluses.

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By collecting taxes, 109 thousand 157 million pesos were obtained, 22 percent of the resources of the strategy; and foreign trade income was obtained for 17 thousand 134 million pesos.

According to the SAT, for the concept of Income Tax (ISR) a collection of one billion 760 thousand 294 million pesos was achieved from January to December 2020, which represented an increase of 0.8 percent, compared to 2019

.Income from the Value Added Tax (VAT) totaled 988 thousand 979 million pesos, an increase of 2.5 percent, compared to what was obtained in 2019.

Regarding the Special Tax on Products and Services (IEPS), resources were obtained for 461 billion pesos, a reduction of 3.1 percent compared to what was collected in 2019.

The treasury detailed that in 2020 620 thousand 482 million were paid of pesos in tax refunds to taxpayers, which implied an increase of 14 thousand 741 million pesos in nominal terms compared to what was paid in 2019

The returns of ISR amounted to 42 thousand 770 million pesos, an increase of 2.1 per hundred; for VAT, the treasury returned 567 thousand 280 million pesos to taxpayers, which represented a decrease of 1.0 percent. By IEPS, refunds were 9,121 million pesos, a fall of 5.4 percent

The SAT highlighted that with the implementation of the Obligations Compliance Program and the Collection Fall Program, the actions of surveillance and control of taxpayers, which has allowed to have additional income for an amount of 83 thousand 971 million pesos

Finally, the agency in charge of Raquel Buenrostro pointed out that despite the health crisis, internal contributions increased 7 percent real compared to 2019, which compensated for the low activity of foreign trade that reduced its contributions by 13.7 percent.

The decrease in foreign trade contributions in 2020 was 138,688 million pesos in 2020 due to the closure of borders ”, it was detailed

AMU

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Source: MSN