Press "Enter" to skip to content

Grupo Elektra ordered to pay 4.9 billion in taxes

Mexico City, Mexico — The Federal Court of Administrative Justice (TFJA) has ordered Grupo Elektra to pay nearly 5 billion peso in taxes. The court decision was made Wednesday.

Through their Grupo Salinas Twitter account, (@gruposalinas) they warn that they will resort to the corresponding instances to “defend our right to disagree with the tax authorities and thus settle our differences.”

They posted the comment after a court ordered the chain store owner to pay 4.9 billion in income tax. The ruling was made by Judge Zulema Mosri who affirmed that Grupo Elektra improperly generated tax losses of 9,619 million pesos.

“The authority ruled that the plaintiff, by disposing of her shares from company A to company B, improperly generated tax losses of 9,619 million pesos, since, when calculating its proven acquisition cost, she improperly added 5.5 million pesos for tax losses prior to the date of acquisition of the shares and amortized during the shareholding, in addition to the fact that its deduction is not an essential expense,” he said.

Given the ruling, Grupo Elektra filed an amparo before the Tenth Collegiate Court in Administrative Matters, which ordered the Federal Court of Administrative Justice to issue a new ruling on the debt.