Tax deduction for companies is a very important activity for your finances, because it allows you to generate favorable balances or “savings”. That is, it is a way in which they can recover the percentage of some of the expenses that were obtained during the fiscal year.
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What concepts are for the business tax deduction?
In the case of legal entities, the ISR law says that they can deduct the expenses or expenses of money that are corresponding to the business activity and that are necessary for the operation of the business, whether they are products, businesses or the payment of some taxes.
Here are the expenses that can be deducted in your company:
Purchase of merchandise: Referring to all the supplies that have been acquired for the operation, that is, equipment such as computers, telephones, furniture (desks, chairs, tables, etc.
Donations: Which CANNOT be greater than 7% of the company’s tax profit.
Taxes: For example, the payment made to the Mexican Social Security Institute or contributions to pension or retirement funds, including additional services such as dining room.
Operating expenses: Among which are; payment of electricity, internet or office rent, the latter considered as a necessary expense for the operation of the company.
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