Wealthy People Concentrate 80% of Tax Deductions
Tax attorney Mario Barrera was mentioned in an article by El Universal about tax deductions in Mexico and how some taxpayers miss out on this opportunity because of lack of knowledge. Mr. Barrera explained that most companies do seek to take this benefit as a general rule. However, there are times when they miss out on taking advantage of some benefits. Mr. Barrera believes this is something that must be taken into account, since taking advantage of these deductions is essential to determine your tax capacity.
"They [taxpayers] must be judicious in having all the necessary documentation," he said. "The tax departments of companies must be an integral part."
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