Using an Additional Ledger Type to Work with IETU

The IETU (Impuesto Empresarial a Tasa Unica) is a minimum alternative tax to the Mexican income tax. To work with the IETU, you prepare parallel calculations annually that you use to compare the IETU calculated tax amounts to other calculated tax amounts. You use the comparison to determine the income tax that you must pay.

As part of the IETU requirement, the tax recognition as fiscal credit or fiscal debit is possible only if you receive from your bank a confirmation that the receipt and the payments were accredited or debited in the bank account. You can use the bank statement and bank account reconciliation processes to track the dates that your bank confirms the debits and credits.

You can maintain a parallel data set that you can use for your IETU calculations by writing the reconciliation clear date and reconciliation flag that appears in the AA ledger to an additional ledger type, such as the AZ ledger. You specify the dates that the bank confirms receipts and payments when you reconcile bank statements, and write those dates to the Account Ledger table (F0911) for the AA ledger and the additional ledger type that you specify in processing options.