Learn about the tax facilities of the SAT for the primary sector

The Tax Administration Service (SAT) announced tax facilities for taxpayers engaged in agricultural, forestry, livestock and fishing activities, including the omission of submitting monthly and annual returns, depending on their income, the deduction of fuel and other reductions.

Next, we detail the facilities that the Mexican treasury reported in a statement:

Physical persons

  1. Those whose income does not exceed the amount of 900 thousand pesos in the exercise in question, may choose not to submit monthly statements or the corresponding annual. For this, we remind you that you must issue electronic invoices for your operations.
  2. Those who receive income from retirement or pensions and who are also dedicated exclusively to activities in the primary sector can pay taxes under the Simplified Trust Regime for individuals for the income from said activities and apply the benefit of exemption from payment of income tax. (ISR).
  3. Individuals who are dedicated exclusively to the activities of the primary sector and who carry out operations with legal entities will not be subject to the 1.25% withholding for the payments that the aforementioned legal entities have made to them, provided that their income does not exceed the amount of 900 thousand pesos.
  4. They will be able to invoice and declare through the acquirer.

Moral people

  1. They may submit interim and monthly ISR and value added tax (VAT) payments every six months.
  2. They may deduct labor payment expenses for temporary field workers (for example, day laborers), livestock feed and minor expenses, up to 10% of total income, without exceeding 800 thousand pesos. In the case of minor expenses, these may not exceed five thousand pesos.
  3. They are not required to submit the provisional and annual income tax returns, as well as the corresponding VAT returns, in the case of legal entities of agrarian law when their annual income does not exceed 702 thousand 021 pesos for 2022 for each of its members. They should not exceed 7 million 020 thousand 216 pesos per year for this year as a whole. This income limit does not apply to ejidos and communities.
  4. Legal entities may comply with the VAT obligations of their members.
  5. The determined ISR may be reduced by 30% when the companies or associations of producers, as well as other legal entities, are made up only of natural persons and that the annual income for each partner is not greater than 14 million 847 thousand 756 pesos for 2022 without exceeding in the group of the members 148 million 477 thousand 568 pesos for this year.
  6. They will be exempt from presenting the notice related to the tax information of partners, shareholders or associates, both their RFC and their names, unless the tax authority requests them.

Natural and legal persons

  1. Expenses for fuel made by any means other than a nominative check from the taxpayer’s account, credit, debit or service card or electronic purses authorized by the SAT may be deducted, as long as they do not exceed 15% of the total payments. made by fuel consumption.
  2. You will be able to find out the 4% that they retain for labor, provided that the payments made to each worker do not exceed 521 pesos per day in the free zone of the northern border and 346 pesos in the rest of the country.

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