Articles written by Accounting Team Mexico on Business news updates, Legal / Law changes, Regulatory updates, Industry reviews, Legal advisory, Accounting advisory, Expert Q&As and much more.
As business opportunities grow in Mexico, so does the demand for prime real estate. Investing in Mexico 's real estate market over the last few years has shown increasingly strong returns. Thanks to its combination of iconic cities, unusual tourist attractions, and...
Each country has their own requirements for taxes and accounting. Mexico is no different and has its own set of tax rules to follow. Below is an overview of the varying legal requirements for doing business in Mexico. 1. Accounting and Taxation - Corporate Income...
As tax period is currently in full swing, you may be wondering how this affects you as an expat in Mexico. If you're a business owner in Mexico, you're probably already aware that companies' Annual Tax Declarations were due on 31 March 2018. However the dates for tax...
With the growing number of expats living in Mexico, Biz Latin Hub has decided to take a close look at one of the major challenges foreign residents in Mexico have to face: completing an annual tax registry. Continue reading if you want to learn how to pay your taxes...
This article offers an overview of the tax and accounting requirements for both local and foreign companies operating in Mexico. It is important that you understand your business obligations when operating in Mexico. A thorough understanding will ensure that you avoid...
When we speak about business in Mexico, we usually think about the legal, financial, fiscal or tax issues, but not always about accounting. However, in order to establish and operate a successful business one needs to take accounting into consideration....
The taxation system in Mexico can be somewhat complicated; this can make it difficult for foreigners operating in the country. Taxpayers in Mexico are divided into four groups, all which have specific tax requirements. It is essential that both foreigners and locals...
Expat tax treatment of income generated in Mexico is regulated by Title V of the Income Tax (Ley del Impuesto Sobre la Renta). Income can be: Cash Assets Services Credits Any other income as determined by the tax authorities. In article 9 of the Fiscal Code, the...
With the 2016 tax reform, the article 22-D of CFF (Código Fiscal de la Federación) was added, which indicates that the tax authority may apply its right to review your books or pay you a visit in order to ensure that your tax refund is accurate. One of the possible...