Actually paid expense deduction – Mexico

Mexico:
Is approaching the end of the year and is appropriate to review the fiscal requirements that must be met to making deductions for income tax (ISR).
ACTUALLY PAID EXPENSE DEDUCTION
Taxpayers wishing to deduct the expenses incurred as individual taxpayers, companies or cooperative societies engaged in trucking carriers land cargo or passengers, civil society (CS), civil associations (AC) and taxpayers who receive donations, Article 31 Fraction IX of the Income Tax Law, states that for appropriate deduction, the above expenses must be actually paid in the year in which it is intended deduce, for these purposes are “actually paid” when made ​​by any of the following ways:

be paid in cash

be paid by check

By bank transfer

be paid in goods (other than debt securities)

When the creditor is satisfied by any form of extinction of obligations.

In the case of payment by check is considered actually paid on the date that it has been charged in this case the deduction shall, whenever you enter the date entered in the supporting documentation (invoice or receipt) and the effective date of the check will not be charged been more than four months. Important is to consider the above in order to meet the requirements for appropriate deduction of the expenses mentioned above.