EconomyLAST MINUTE: Income and Rights laws for 2023 are...

LAST MINUTE: Income and Rights laws for 2023 are approved in Congress

All that remains is for the deputies to analyze, discuss and vote on the Federation Expenditure Budget and an Initiative for changes to the Federal Budget and Treasury Responsibility Law, so that the 2023 Economic Package is approved in its entirety, the deadline is November 15.

This morning the plenary session of the Chamber of Senators approved with 62 votes in favor, 42 against and two abstentions the Law of Income of the Federation (LIF), and the Federal Law of Rights for 2023 with 64 votes in favor, 40 against and two abstentions. The opinions of both laws have already been sent to the Executive for publication in the Official Gazette of the Federation, for its entry into force the following year.

Income Law 2023

The Federal Income Law establishes public resources for 8.3 billion pesos (bp), with an estimated growth of 3% for GDP, an exchange rate of 20.6 pesos per dollar and a crude oil production platform at 1,872 million barrels per day, with a price of crude oil for export of 68.7 dollars per barrel, and the creation of new taxes or increases to those in force are not contemplated.

Of the total income; 4.6 bpd will come from taxes; 470.845 million pesos for social security fees and contributions; 35 million pesos for contributions of improvements; 57,000 million pesos for Rights; 6,543 million pesos for Products; 173,554 million pesos for Exploitations; 1.3 bop for income from sales of goods, provision of services and other income; 487,742 for Transfers, Assignments, Subsidies, and Pensions and Retirements; and 1,176 bp for income derived from financing.

For National Action, Senator Minerva Hernández Ramos stated that the technical analyzes of non-partisan institutions corroborate that the Government of López Obrador has generated more poverty, less economic well-being and greater inequality, “years go by and opportunities to correct course continue to be wasted ”.

The PRI senator, Jorge Carlos Ramírez Marín, pointed out that in the proposal there is no incentive for micro, small or medium-sized companies; “What we want is for this to change, but we see that we will continue with public works, but now financed by debt,” he said.

For the Plural Group, Senator Gustavo Madero Muñoz pointed out that the current administration has not had the capacity to succeed in the growth that has been projected in each Income Law. In addition, he said that the increase in GDP calculated by the Executive will not be obtained until 2030.

In turn, Senator Ovidio Salvador Peralta Suárez, from Morena, stated that the opposition wants Mexico to do badly; however, he stressed that the collection is above the forecast, since, as of the second quarter of 2022, budget revenues totaled 3,305 billion pesos, 159,000 million pesos more than expected.

In the discussion of the opinion, 27 senators from various parliamentary fractions presented reservations to the project, of which none was admitted, so the draft decree that issued the Federal Income Law for Fiscal Year 2023 was forwarded to the Federal Executive for constitutional purposes.

Law of Rights is leaving

Previously, they approved the Federal Law of Rights, which establishes reforms that allow continuity to the tax policy in consular, migratory, customs, educational, cultural, aeronautical, railway and maritime matters. Also the provisions for the use or exploitation of the federal land maritime zone and the radioelectric spectrum.

The Federal Law of Rights is a fiscal order that establishes the collection of rights for the provision of public services or for the use, enjoyment or exploitation of the nation’s public domain assets, which requires constant adjustments in relation to changes and requisitions of the dependencies that provide the services

The opinion specifies that foreigners who apply for a Visitor visa without permission to carry out paid activities, when they are considered victims or prove to be relatives of foreigners who have disappeared in national territory, or for humanitarian reasons, are exempt from paying this document.

It establishes a lower fee in the procedures for issuing ordinary visas that are requested through electronic means. For the reception, study of the application and, where appropriate, the authorization of visas by family unit or job offer, which are processed before the National Institute of Migration, the right will be paid according to the quota of 219.07 pesos.

The senators agreed that the quotas of the rights for the use, enjoyment or exploitation of the radioelectric spectrum with respect to mobile telecommunications services, be maintained during the Fiscal Year of 2023, at the values of the year 2022, with the purpose of not generate additional pressure on market prices, as well as protect the economy of less favored households.

In order to benefit the student population, the registration of title and issuance of professional technical and professional technical certificates, issued by the Institutions of the National Educational System that provide high school education, maintains a reduction of 70 percent.

In an economic vote, a proposal by Senator Martha Lucía Micher Camarena was accepted, to include inclusive language in the document, such as an adjustment of legislative technique, which does not alter the content or the legal structure of the opinion.

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