The Resico is working better than we imagined, people are paying. The ease (in paying taxes) was liked by many people”.
Raquel Buenrostro Sánchez, head of the SAT.
The new Simplified Trust Regime (Resico) has integrated 15,403 new taxpayers to its registry at the end of the first quarter of 2022, which represents 0.66% of more than 2.3 million individuals who pay taxes in the new regime, according to data of the Tax Management Report of the Tax Administration Service (SAT).
During 2021, the SAT revealed that 10 million 962,946 natural persons with business activity were registered in the register; for the closing of the first quarter the amount is 10 million 978,349 individuals.
“The registry of taxpayers in natural persons grew by 15,403, this means that there are 15,403 new taxpayers of the Resico,” Miguel Ángel Tavares Sánchez, president of the technical fiscal commission of the College of Public Accountants of Mexico, said in an interview.
As of January 1, the Resico came into force, which opened the option of paying Income Tax rates of 1 to 2.5%, provided that the annual income of individuals does not exceed 3.5 million pesos. The Resico replaced the Tax Incorporation Regime (RIF).
In the statement of reasons for the presentation of the Resico to the Congress of the Union, it was established that 81.6% of natural persons with business activity would benefit from the new regime.
At the end of 2021, the SAT revealed that of the 10 million 962,946 individuals with business activity registered in the taxpayer registry, 8 million 656,760 decided not to switch to the Resico to continue paying their taxes in accordance with the RIF rules.
This means that 79% of individuals with business activity decided not to change the Resico.
Resico raises more than RIF
At the end of the first quarter, individuals who pay taxes in the Resico have contributed 2,383 million pesos to the treasury. This is an annual increase of 124% compared to the RIF data as of March 2021.
The ISR has registered a collection of 1,309 million pesos, at the end of the first quarter of the year, it is an annual increase of 126 percent.
The Value Added Tax registered a collection of 1,073 million pesos, an increase of 121.2% per year.
While adding the amount of individuals with legal entities, the amount is 4,935 million pesos, 0.44% of the 1.1 billion pesos collected at the end of March.
“The Resico is working better than we imagined, people are paying. Many people liked the ease (in paying taxes), ”said Raquel Buenrostro Sánchez, head of the SAT, on Wednesday at a press conference.