Abbreviations
Below you will find the list of abbreviations and terms used in describing the Accounts Compliance module.
| Abbreviation/Term | Expansion/Description |
|---|---|
| GAT | Ganancia Anual Total - Total Annual Income |
| CLABE | Clave Bancaria Estandarizada (CLABE is an 18-digit Id that contains the bank code, branch office code, account number, control digit). |
| MXN | Mexican Peso. Official currency of Mexico |
| UDI | Unidad de inversión (Unit of Investment) - Index rate |
| Level Accounts |
Demand deposit accounts are grouped by an account level that consider UDI value limits to restrict monthly deposit transactions. Products Level 2: University Account Products Level 4:
|
| IVA |
Impuesto al Valor Agregado (Value Added Tax) It is a consumption tax applied on goods disposal, provision of independent services, granting of temporary use of goods, and importation of goods and services. |
| ISR |
Impuesto sobre la Renta (Income Tax) It is a tax that is applied on the income acquired, with the exception of inheritances and donations. |
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