ISR RATES APPLICABLE IN THE FINANCIAL YEAR 2021
12/1/2021
Finally, on January 11, 2021, the updated rates for the calculation of income tax for individuals of the different periodicities were announced in the DOF, through Annex 8 of the Miscellaneous Tax Resolution for 2021.
The update of the rates was made because cumulative inflation since the last update (November 2017) exceeded 10% in fiscal year 2020, in accordance with the provisions of article 152 of the Income Tax Law.
The factor applied for the update was obtained by dividing the INPC for the month of November 2020, which was 108,856 points, by the INPC corresponding to the month of November 2017, which was 97,695 points, in accordance with the procedure provided in Article 17-A sixth paragraph of the CFF, so the applicable factor for updating the rates was 1.1142
It should be noted that the tables for calculating the employment subsidy are not updated, so the exact same ones from the previous year are applied, this because the provision that establishes the employment subsidy does not foresee updating for said tables.
Income tax rate applicable during 2021, for the calculation of monthly provisional payments.
| Percent to be applied on | |||
| Lower limit | Upper limit | Fixed fee | the excess of the lower limit |
| $ | $ | $ | % |
| 0.01 | 644.58 | 0.00 | 1.92 |
| 644.59 | 5,470.92 | 12.38 | 6.40 |
| 5,470.93 | 9,614.66 | 321.26 | 10.88 |
| 9,614.67 | 11,176.62 | 772.10 | 16.00 |
| 11,176.63 | 13,381.47 | 1,022.01 | 17.92 |
| 13,381.48 | 26,988.50 | 1,417.12 | 21.36 |
| 26,988.51 | 42,537.58 | 4,323.58 | 23.52 |
| 42,537.59 | 81,211.25 | 7,980.73 | 30.00 |
| 81,211.26 | 108,281.67 | 19,582.83 | 32.00 |
| 108,281.68 | 324,845.01 | 28,245.36 | 34.00 |
| 324,845.02 | Onwards | 101,876.90 | 35.00 |
Monthly employment allowance table
| Amount of income used as the basis for calculating the tax | ||
| For Income from | Up to Income of | Amount of monthly employment allowance |
| $ | $ | $ |
| 0.01 | 1,768.96 | 407.02 |
| 1,768.97 | 2,653.38 | 406.83 |
| 2,653.39 | 3,472.84 | 406.62 |
| 3,472.85 | 3,537.87 | 392.77 |
| 3,537.88 | 4,446.15 | 382.46 |
| 4,446.16 | 4,717.18 | 354.23 |
| 4,717.19 | 5,335.42 | 324.87 |
| 5,335.43 | 6,224.67 | 294.63 |
| 6,224.68 | 7,113.90 | 253.54 |
| 7,113.91 | 7,382.33 | 217.61 |
| 7,382.34 | Onwards | 0.00 |
Fee for the Annual Calculation corresponding to fiscal year 2021
| Percent to be applied on | |||
| Lower limit | Upper limit | Fixed fee | the excess of the lower limit |
| $ | $ | $ | % |
| 0.01 | 7,735.00 | 0.00 | 1.92 |
| 7,735.01 | 65,651.07 | 148.51 | 6.40 |
| 65,651.08 | 115,375.90 | 3,855.14 | 10.88 |
| 115,375.91 | 134,119.41 | 9,265.20 | 16.00 |
| 134,119.42 | 160,577.65 | 12,264.16 | 17.92 |
| 160,577.66 | 323,862.00 | 17,005.47 | 21.36 |
| 323,862.01 | 510,451.00 | 51,883.01 | 23.52 |
| 510,451.01 | 974,535.03 | 95,768.74 | 30.00 |
| 974,535.04 | 1,299,380.04 | 234,993.95 | 32.00 |
| 1,299,380.05 | 3,898,140.12 | 338,944.34 | 34.00 |
| 3,898,140.13 | Onwards | 1,222,522.76 | 35.00 |