SAT wins one other trial in opposition to Elektra; she should pay 2 thousand million pesos

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

This Wednesday the 18th Collegiate Court docket on Administrative Issues of the First Circuit denied an injunction to Grupo Elektra relating to the fee of ISR comparable to the 2008 monetary 12 months. The corporate primarily based its plea, for not paying, on alleged losses for having bought shares. Ultimately, the court docket rejected the plaintiff’s arguments and determined that she should ship the balances for the tax debt; and with this he agreed with the SAT.

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

Initially, this 2008 ISR debt was for one thousand 431 million 466 thousand 606 pesos. That’s the quantity that Grupo Elektra studies 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 embody costs or updates. Sources near the topic revealed that as of as we speak, this tax credit score quantities to virtually 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 for the years 2006, 2008, 2010, 2011, 2012, 2013 and 2014. That The quantity is simply the sum of what was reported on the time the SAT issued the official letters for every tax credit score; Doesn’t embody updates or surcharges thus far.

In April, President Andrés Manuel López Obrador offered 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.