(MEX) Generate an ISR provisional payment report

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

The Mexican government requires that individuals, corporations, and foreign companies operating in Mexico submit an Impuesto sobre la renta (ISR), or federal corporate income tax report. The report displays detailed calculations of provisional income tax payments, and is based on the following factors:

• ISR concept categories linked to one or more ledger accounts

• ISR annual rate table

• ISR utility ratio

Set up a concept category and assign a ledger account

Use the ISR report setup form to set up ISR report concept categories and link them to a ledger account.

1. Click General ledger > Setup > Sales tax > External > ISR report setup.

2. Press CTRL+N to create a new ISR report concept category.

3. In the Concept category field, select one of the following ISR concept categories to assign to one or more ledger accounts:

   • Revenue – The income tax is calculated based on the revenue collected during the period.

   • Inventory – The income tax is calculated based on the status of inventory during the review period.

   • PTU Paid in fiscal year – The income tax is calculated based on the Participación a los Trabajadores de las Utilidades (PTU) tax paid during the fiscal year.

   • Investment deductions – The income tax is calculated based on investment deductions for the reporting period.

   • Pending depreciation tax losses – The income tax is calculated based on pending depreciation tax losses for the reporting period.

   • ISR withheld from bank – The income tax is calculated based on the ISR withheld from the bank.

   • Tax for cash deposit operations – The income tax is calculated based on the tax for cash deposit operations.

   • ISR paid for dividends of previous fiscal year – The income tax is calculated based on the ISR paid on dividends from previous fiscal years.

   • ISR payments – The income tax is calculated based on ISR payments made for the fiscal year.

   • Balance to compensate for cash – The income tax is calculated based on the account balance to compensate for cash during the reporting period.

   • Employee allowance paid – The income tax is calculated based on employee allowances paid during the fiscal year.

4. In the Concept category description field, enter a description of the ISR report concept category.

5. Click the right pane, and then press CTRL+N to create a new line to link the ISR report concept category to a main account.

6. In the Main account field, select the main account to be linked with the ISR report concept category. The main account name is updated in the Account name field.

7. In the D/C indicator field, select the account type indicator:

   • Both – The main account is both a debit and credit account.

   • Debit – The main account is a debit account.

   • Credit – The main account is a credit account.

8. Click Link main accounts to view all available main accounts. You can indicate which main account to link to the concept category.

9. Click Link all to link all the main accounts to the ISR concept category.

10. Close the forms to save your changes.

Define the ISR annual rate

Use the ISR rate table form to set up annual rates to generate the ISR reports.

1. Click General ledger > Setup > Sales tax > External > ISR report setup.

2. Select an ISR report concept category, and then click ISR rate table to open the ISR rate table form.

3. Press CTRL+N to create a new ISR annual rate.

4. In the Year field, enter the fiscal year for which the ISR rate is to be applied.

5. In the Minimum amount and Maximum amount fields, enter the lower limit and upper limit for the ISR calculation.

6. In the Month field, enter the month of the fiscal year for which the ISR rate is to be applied.

7. In the Fixed amount field, enter the fixed amount for the ISR rate.

8. In the Rate% field, enter the ISR rate percentage.

9. Close the forms to save your changes.

Generate the ISR report

Use the ISR reports form to generate the ISR provisional payment report.

1. Click General ledger > Reports > External > ISR reports.

2. In the Month field, enter the month for the ISR report.

3. In the Year field, enter the year for the ISR report.

4. In the Utility ratio field, enter the utility ratio amount for the ISR calculation.

5. In the Type of report field, select the type of ISR report:

   • Details – Generates a detailed report with ledger transactions for each ISR report concept and main account.

   • Summary – Generates the ISR report with a summary of ISR provisional payments.

6. Click OK to generate the ISR report.

See also

(MEX) Define tax registration numbers for a company and a vendor account