Examples of Mexican Income Tax Law in a sentence
Under Articles 187 and 188 of the Mexican Income Tax Law, it is required to distribute an amount equal to at least 95% of its net tax result to its CBFI holders on a yearly basis.
The Mexican Income Tax Law prohibits donors from retaining a proprietary interest in contributions to NPOs with authorized donee status.
Fibra Inn, as a real estate investment trust (Fideicomiso de Inversiones en Bienes Raices – “FIBRA”), meets the requirements to be treated as a transparent entity in Mexico in accordance with the Mexican Income Tax Law.
An organization registered under Article 79 of the Mexican Income Tax Law is an “authorized donee,” and as such is entitled to issue tax-deductible receipts to donors.
In order to maintain FIBRA status articles 187 and 188 of Mexican Income Tax Law establish that FIBRA such as Trust 2157 must distribute annually at least 95% of their net income to holders of CBFIs and invest at least 70% of their assets in real estate rental properties, among other requirements.
Under Articles No. 187 and 188 of the Mexican Income Tax Law, FIBRAPL is obligated to distribute an amount equal to at least 95% of its net taxable income to its CBFI holders on an annual basis.
The Central Bank of West African States (BCEAO), based in Dakar, is the Central Bank for the countries in the West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Guinea-Bissau, Cote d’Ivoire, Mali, Niger, Senegal, and Togo, all of which use the French-backed CFA franc currency, which is also linked to the euro.
However, the recent changes will inhibit many grantmakers from relying on the Mexican Treaty until Treasury and the IRS provide clear guidance about how it applies to the new Mexican Income Tax Law.
Effect of InflationUnder the Mexican Income Tax Law (Ley del Impuesto sobre la Renta), the effect of inflation on monetary assets and liabilities are to be considered as a deduction, therefore decreasing the taxable income.
The Mexican Income Tax Law (MITL) enacted in 2014 modified the basis at which entities can calculate their employee profit sharing and among other matters established new requirements to deduct certain expenses from the PTU basis.