The SAT wins one other trial towards Elektra; Salinas Pliego should pay 2 billion pesos

The Tax Administration Service (SAT) as soon as once more received a lawsuit towards Grupo Elektra for earnings tax (ISR) money owed which were carried ahead since 2008 and that thus far attain nearly 2 thousand 11 million pesos, an quantity that hardly It represents 3 p.c of all of the alleged obligations that, in response to the Presidency, the Ricardo Salinas Pliego corporations have with the Mexican treasury.

This Wednesday, a collegiate courtroom in administrative issues denied an injunction to Grupo Elektra relating to the cost of ISR akin to the 2008 monetary yr. The corporate primarily based its plea, for not paying, on alleged losses for having bought shares. Ultimately, the courtroom rejected the plaintiff’s arguments, resolved that she should ship the balances for the tax debt, and thereby agreed with the SAT.

This decision corresponds to a second occasion, after the corporate challenged the SAT choice, by a trial within the Federal Courtroom of Administrative Justice, which was additionally favorable to the treasury. The corporate can problem this decision as soon as once more earlier than the Supreme Courtroom of Justice of the Nation, headed by Norma Piña.

Initially, this 2008 ISR debt was for 1,431,466,606 pesos. That’s the quantity that Grupo Elektra reviews in its most up-to-date annual report. Nevertheless, this determine doesn’t reveal the true dimension of the obligations that the corporate should ship, because it doesn’t embrace prices or updates. Sources near the topic revealed that right now, this tax credit score quantities to nearly 2.11 million pesos.

In its 2023 annual report, Elektra reported that it maintains tax litigation for 28,332,847,104 pesos with the Mexican treasury for taxes claimed from the years 2006, 2008, 2010, 2011, 2012, 2013 and 2014.

Determine not up to date

That quantity is barely the sum of what was reported on the time the SAT issued the official letters for every tax credit score; Doesn’t embrace updates or surcharges thus far.

In April, President Andrés Manuel López Obrador introduced in his morning convention that Grupo Salinas (which incorporates Grupo Elektra) owes the Mexican treasury greater than 63 billion pesos, up to date to 2024.