What are examples of contributions?

What are examples of contributions?

Examples of municipal taxes

The resources collected from the Special Contribution are executed by the District Secretariat of Security, Coexistence and Justice, in accordance with the purposes described in the laws and decrees that regulate them.

Likewise, subsection 3 of article 6 of Law 1106 of 2006, states: the concessions for construction, maintenance and operations of land or fluvial communication roads, maritime or fluvial air ports, shall pay to the security and coexistence funds of the contracting entity a contribution of 2.5 per thousand of the total value of the gross collection generated by the respective concession.

Examples of taxes

The resources collected from the Special Contribution are executed by the District Secretariat of Security, Coexistence and Justice, in accordance with the purposes described in the laws and decrees that regulate them.

Likewise, paragraph 3 of article 6 of Law 1106 of 2006, states: the concessions for construction, maintenance and operations of land or fluvial communication roads, maritime or fluvial air ports, shall pay to the security and coexistence funds of the contracting entity a contribution of 2.5 per thousand of the total value of the gross collection generated by the respective concession.

Examples of special contributions

In the economic sphere, taxation is understood as a type of contribution that all citizens must pay to the State so that it can redistribute them in an equitable manner or according to the needs of the moment. Knowing what taxes, contributions and fees are, when and why they are paid, and having an adequate fiscal planning is important to improve the financial health of companies and families.

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A key figure in understanding the concept of taxation is the taxable event. In this context, it is the circumstance or factual assumption (of a legal or economic nature), fixed by law to configure each tax, whose realization originates the birth of the main tax obligation. That is to say, the payment of the tax. For example, the obtaining of income is the taxable event in the Personal Income Tax (IRPF) or the possession of a real estate property is the taxable event in the Real Estate Tax (IBI).

Tax examples

Article 2 of the Federal Fiscal Code (CFF) states that in Mexico there are four types of contributions: taxes, social security contributions, improvement contributions and duties. In other words, taxes are a type of contribution, but not all contributions are taxes.

These are the contributions to which individuals and corporations are obligated, such as income tax (ISR), value added tax (VAT) and excise tax on production and services (IEPS).

These are the legal contributions made by individuals that are substituted by the State in the fulfillment of its social security obligations, such as housing and health. Some examples of social security contributions are the contributions to the National Workers’ Housing Fund and the social security contributions of workers and employers.

Some examples of fees are the payment made to obtain documents such as birth certificates, passports or professional licenses. In other words, it is the payment made for obtaining a good or service.

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