Crowdfunding, which operates under Fintech law, is a form of financing in which companies intermediate between people who need a loan with people seeking to invest their money, so they receive returns.
The National Banking and Securities Commission (CNBV) has 17 companies dedicated to crowdfunding such as Play Business, Doupla, Yotepresso, one hundred bricks, snowball, Fundry or Likideo.
Since 2018, with the publication of the Fintech law, there was little clarity in the taxation of these platforms, said Gerardo Obregón, president of the Collective Fondeo (Aphic) platform association.
“Since we went out with the Fintech regulation, we have always approached the SAT on their own will trying to reach a type of mechanism to transparent all fiscal effects,” he warned.
The representative of the APICO emphasizes that the retention they must make to investors is 20% of the gross interest plus VAT.
“We agree to retain it, but there is also a problem in the implementation mechanism,” he said.
For the College of Accountants of Mexico, this measure from the government, rather than seeking a tax burden for these companies, is looking for May control.
More than load is greater control, greater control and more obligation to be presenting information about it
Salvador Rotter, fiscal member of the College of Public Accountants of Mexico.
The Secretary of the Treasury, Édgar Amador Zamora, said, after the presentation of the economic package, that this was a way of homologating conditions between the different players of the financial system.
“Savings in Fintech products do not have the retention that savers have in the banking system,” Amador said last September 11.
But Aphic points out that more than a homologation a burden is added to the participants of this type of financing/investment, since it would raise the interest rate to which they lend to users.
I think it goes against what the president mentioned in the Banking Convention of this year, that she wants to promote financing and investment
Gerardo Obregón, president of the Collective Fondeo Platforms Association.
Aphic seeks that instead that the retention rate is 20%, it drops to 5 or 10% on income.
For Juan Carlos Flores CEO and founder of Doople, a 20% retention rate will impact the demand or the number of investors arriving in these companies.
He stressed that one of the advantages is that through crowdfunding, people find financing with more accessible rates and below what the bank offers.
The crowdfunding sector seeks to establish conversations with the authorities to negotiate this retention rate so that financial inclusion is also supported.
“Last year we did a survey and 40% of our investors declared that investments such as those made in Doople, were their first investment,” Flores said. “It is very important not to lose sight of the issue of financial inclusion.”
For Crowdfunding companies, although it will mean improvements at the operational and technological level, they consider that the greatest impact will be the consumer.
