Friday, January 27, 2023

SAT updates ISR rates for 2023; employees will be paid less

Sat Updates Isr Rates For 2023;  Employees Will Be Paid Less
For the same salary, employees would receive more. Photo: shutterstock / darkroom

With long holidays In 2023 workers will receive an additional in your salary, as the SAT has already updated its rates for computing ISR for natural persons effective January 1,

Thus, according to the adjustments published by the Tax Administration Service (satin it “The Miscellaneous Tax Resolution for 2023 and its Annexes 1, 5, 8, 15, 19, 26 and 2”this tuesday Official Journal of the Union (the dof, Employees will have less withholding for income tax (ISR,

What is the advantage of updating ISR?

Every year, the bodies of the Ministry of Finance and Public Debt (shcpComputation of withholding required by employers, as per updated, inflation for the year ending retain your employeesTo comply with legal obligations.

While the earnings of the employees till 2023 746.04 pesos per month, 1.92% will be withheld, while those earning up to 6 thousand 3320.5 pesos will retain 6.40%; 10.88% to those receiving less than 11 thousand 128.01 per month; And 16% them in the range of 11 thousand 128.02 and 12 thousand 935.82.

And that, according to the SAT Update, Will cover established limits as per percentageHence the amount to be withheld will come down, which This would mean an addition to the workersWho will receive more money, although this “raise” will not come from employers.

Although most employees will pay less for this tax, it is clear that when the limits are exceeded There will be employees who will have to pay ISR even if they earn minimum wageBecause they will exceed the limit and will no longer be eligible for tax subsidy.

Now that, in the event that the accumulated inflation during the year more than 10% As of the 2014 tax reform, the SAT must update its tables again so that withholding is lower.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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