Tax Report and ISSIF

Some companies are required to file a tax report (dictamen fiscal) and the Tax Position Information return (ISSIF) as part of their year-end close. The firm supports their review and, where applicable, their preparation, building on the work already performed in the financial statements audit.

Why is it necessary?

Because it is a tax obligation that must be met accurately and on time. Filing it with errors, or not filing it at all, exposes the company to penalties and draws the authority’s attention to the rest of its operations.

We are backed by more than 25 years providing audit services across industries such as tourism, retail, government and services. We have been auditors for several years of the leading groups in the southeast region and Los Cabos.

Scope

Review and, where applicable, preparation of the tax report, an annual obligation.
Review and, where applicable, preparation of the ISSIF return.

Related Consultants

Alejandro A. Arvizu Contreras

Corporate Governance and Financial Audit

José Alberto Rodríguez

Financial Audit

Oscar Carranza Bautista

Financial Audit

Frequently Asked Questions

Why is the tax report filed?

Because the law requires it from taxpayers exceeding certain thresholds of revenue, assets or number of employees, and it may also be filed voluntarily. It is a report by a registered public accountant on the company’s tax compliance for the year.

Why is the ISSIF filed?

The Tax Position Information return is an informative filing detailing relevant transactions for the year, submitted together with the annual tax return. It applies in the cases set out in current regulations and is independent of whether a tax report is filed.

Whose obligation is it?

The obligation rests with the taxpayer. The registered public accountant signs the report and is responsible for its technical content, but the party obligated before the authority —and the one facing the consequences of non-compliance— is the company.