That is the case of the digital publication Cubadebate, which publishes a list of questions and answers that mainly concerns the Tax Law, finances, prices, self-employment and Mypimes (micro, small and medium-sized enterprises).

It begins with the date of April 30 as the deadline for the presentation of the personal income tax return by the partners of the MSMEs, in accordance with Law 113 of the Tax System.

It points out that for the calculation of the personal income tax, the partners of the MSMEs consider 39,120 pesos as the minimum annual exempt amount.

In addition, unlike previous periods, they deduct as a deductible expense, the amount paid for the special contribution to social security.

Likewise, the amount of the five percent withholding made for early dividend distributions is deducted from the personal income tax to be paid.

The partners of MSMEs, in their personal income tax return, may deduct the five percent for prompt payment if they declare and pay before February 28.

The year of benefit for the partners of the MSMEs is eliminated, taking into account that the tax benefits are temporary and are applied with the purpose of stimulating the development of certain activities or sectors of the economy.

More than two years have passed since the beginning of the process of creation of the MSMEs and they have show son far their tax capacity.

For such reason, the mentioned tax benefit is no longer in effect.

mh/abo/mem/rfc