Monday, October 2, 2023

Keys: LIF 2024 Proposal

September came, and as usual before giving the “cry”, the economic package for 2024 was presented to the Congress of the Union.

So, on September 8, 2023, the head of the Ministry of Finance and Public Credit, Rogelio Ramírez de la O, made such a dispatch, in which, to the surprise of locals and strangers, there were no changes in tax provisions. However, it contains the proposal for the Federal Income Law for 2024 (LIF).

Among the relevant aspects considered in this document are those detailed below.

A net increase of 9.23% is expected in various items of federal income is planned for the fiscal year 2024, compared to those budgeted in 2023, (art. 1o).

The contracting and use of credits, loans and other forms of public credit are authorized for CDMX for a net debt of two thousand 500 million pesos for the financing of the works contemplated by the Expenditure Budget of Mexico City for the Fiscal year 2024 (art. 3 ).


The rate will be 0.98% per month on the unpaid balance; In case of payment in installments, the following rates apply:


Monthly surcharge rate

Up to 12 months

1.26 %

From 12 to 24 months

1.53 %

More than 24 months and deferred payment

1.82 %

The applicable rate of surcharges according to section 21 of the Federal Tax Code (CFF) is 1.47%, the same as last year (art. 8).


The same fiscal stimuli continue without proposed changes (art. 16).


The Income Tax withholding rate (ISR) for bank interests increased to 1.48%, last fiscal year this percentage was 0.15%, this represents an increase of 887%.



% difference



39 %



-33 %






88 %



887 %

Shared utility rights

It is established that for the purposes of the provisions of article 39 of the Hydrocarbon Income Law, the assignees will pay the right for the shared utility applying a rate of 40% to replace the rate provided in the aforementioned article 39 (art. 22 ). )

Considerations for ISR

Article 23 once again provides the facility for natural persons who have their homes in the areas affected by the earthquakes that occurred in Mexico on September 7 and 19, 2017, to pay taxes under the terms of Title IV in LISR, in Don’t think. as cumulative income the economic or monetary support you receive from legal entities or trusts authorized to receive ISR-deductible donations, as long as they are used for the reconstruction or repair of your home ( art. 23, section I)

On the other hand, section II of section 23 of the LIF provides that for the purposes of articles 82, section IV of LISR and 138 of its regulations, civil organizations and trusts authorized to receive donations that deductible is considered as stated by law, with the purpose of the corporation authorized for these purposes, if they give donations to civil organizations or trusts without permission to receive donations in accordance with the LISR and whose exclusive purpose is the performance of rescue and reconstruction in cases of natural disasters.

The LIF will be subject to discussion for its possible acceptance or modification; Therefore, one should be aware of possible changes that may arise in the legislative process.

Nation World News Desk
Nation World News Desk
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