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Article 28 of the Mexican Federal Fiscal Code

Article 28 of the Mexican Federal Fiscal Code

Persons who, in accordance with the tax provisions, are required to keep accounting records, shall be subject to the following:

I. For tax purposes, accounting consists of:

The books, systems and accounting records, working papers, account statements, special accounts, social books and records, inventory control and valuation method, disks and tapes or any other processable means of data storage, the equipment or electronic systems of fiscal registration and their respective records, in addition to the supporting documentation of the respective entries, as well as all documentation and information related to compliance with the tax provisions, that which accredits their income and deductions, and that which is required by other laws; The Regulations of this Code will establish the documentation and information with which this section must be complied with, and the additional elements that make up the accounting.

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