What type of fiscal obligations arose for the purpose of monitoring programs that combat and mitigate the effects of the SARS-CoV2 pandemic? The Federal Tax Authority again published a rule (RFM 3.10.28.) for the year 2022 regarding certain requirements to be met by the following two groups of organizations. 1. First group – Organizations that receive donations […]
In the past, in the purchase and sale of real estate, the public deed was enough to formalize the act and prove the acquisition cost; the deed became the actual invoice of the purchase and sale and was recognized by the tax authorities. As of April 2014, through a miscellaneous resolution, a rule is issued in which[…]
Authorized Non-profits play an essential role in society, however, due to the nature of their operations they have always been a focus of attention for the authorities specialized in Tax Law in Mexico, who continue to promote modifications to the regulations according to the constant changes in the environment, for these taxpayers to carry out their operations[…]
2021 FISCAL REFORM On December 8th, 2020, the Decree reforming, adding, or abrogating certain provisions of the Income Tax Law (ITL), Value Added Tax Law (VATL) and the Federation Fiscal Code (FFC) were published in the Official Journal of the Federation. The main objective of the tax reform is to expand the rights of the tax authorities, including new control measures related to[…]
Analysis about the social security for maids in Mexico Which obligations will I have as an employer with the incorporation of maids into the social security program that provides IMSS (Mexican Institute of Social Security) to them? On July 2nd, 2019, the Mexican government published an article about the regulations regarding the hiring of maids,[…]
Profit Sharing or Employee Participation in Profit Sharing Payments (PTU in Spanish) is a constitutional right that all employees have in participating in their employer or company’s profits for the productive activity or services that they offer, in accordance to their taxable income. The Federal Bureau for the Defense of Labor (PROFEDET- Procuraduria Federal de la Defensa[…]
One of the sectors that immediately and significantly affect the economy of a region is the real estate sector, recently as binomial Puerto Vallarta-Riviera Nayarit, has maintained a broad growth in the sale of both land and properties intended for residential use. In addition, within this environment of globalization and the need to have avant-garde designs, ecologic and self-sustainable[…]
As a standard procedure, after filing your annual tax return and if you have Income Tax in Favor, the SAT (Mexican IRS) should process your tax return within 5 business days. However, if this period of time already passed and you have not received your tax return, we advise you to check on the tax return status. It is[…]
As an analogy with human life, the start-up stage in companies could be defined as the phase since its birth up to the moment when an individual is able to walk by himself. In companies, the start-up stage ends when the company begins to have recurrently income, meaning that it starts to operate and obtain resources in[…]