Exemption From Income Tax On Income Derived From The Sale, Transfer Or Otherwise Disposal Of (Conveyance of Title to) A Residential Dwelling (i.e. Capital Gains -Tax Exemption)Tax
Article 109, Section XV, subparagraph a) of the Income Tax Law (Ley del Impuesto Sobre la Renta, abbreviated LISR in Spanish) sets forth that income derived from the sale, trans...Read more...
Invoicing in 2012Tax
Changes to the 2012 Federal Fiscal Code (Codigo Fiscal de la Federacion or CFF per its acronym in Spanish) brought a series of adjustments as far as digital tax receipts are con...Read more...
Employee Participation in Company Profits, or more simply Employee Profit-Sharing (Participacion de los Trabajadores en las Utilidades de la Empresa, abbreviated PTU in Spanish)Tax
Employees in Mexico, be they citizens of Mexico or foreigners, have the right to share in the net income (profits) of the company, in addition to employee compensation and other...Read more...
20 mistakes the SAT** will not condone - Part IITax
When Deducting Expenses Mistake #10. Expenses such as grocery purchases, and the home phone, among other expenses, are deducted. How to avoid making this mistak...Read more...
20 mistakes the SAT** will not condone - Part ITax
Working in a freelance capacity earning professional fees or running your own business involves two basic, key facts: you will usually have more leeway in managing your work sch...Read more...
Regime for Small Taxpayers (REPECO), an Excellent Alternative for Paying Taxes in MexicoTax
If you are looking to invest in Mexico and would like to start a business as an individual, then this article will be of interest to you. Individuals engaged in busines...Read more...
February, the month for corporations in Mexico to submit disclosure statementsTax
We would like to take this opportunity to inform you that February 15, 2012 is the deadline to submit disclosure statements regarding wages and salaries, income tax (ISR in Span...Read more...
ALERT! IMSS Campaign to Verify Payment of Contributions relating to Construction Industry along Coastal ZoneTax
In mid-November, the Mexican Institute of Social Security (Instituto Mexicano del Seguro Social, or IMSS) began a campaign to verify payment of Social Securi...Read more...
Income Tax Exemption For Disposition (Sale) Or Otherwise Transfer Of (Conveyance Of Title To) A Residential DwellingTax
Many of our clients have had questions regarding the exemption of Income Tax upon the disposition (sale) or otherwise transfer of (conveyance of title to) their residential dwel...Read more...
What you should know