Inter account bank transfers – Presumed as taxable income The Tax Administration Service (“SAT”) has recently assumed bank transfers between a taxpayer’s accounts as taxable income. A determination from SAT must be challenged. The Federal Court of Administrative Justice has recently issued a ruling that lists the proper documentation to eliminate the presumption of the…

Suspension of the Importer’s Registry. There are more than 35 causes for the suspension of a company’s importer registry and that the Tax Administration Service (“SAT”) makes effective when a taxpayer falls on one of such causes. One must consider that any suspension of the importer’s registry may last for more than one month. That…

CHANGES TO THE BENEFIT OF VAT CERTIFIED COMPANIES. Dear friends: On July 24, 2020, the Secretary of Finance and Public Credit (“Hacienda”) published in the Federal Official Gazette, the first amendment to the Foreign Trade General Rules of 2020. The main impact of the amendment is to VAT certified companies. The only major benefit that…

VAT Certified Companies – Payment of Fees as of 2015 Dear friends: In our previous bulletin, we informed you that on July 24th., 2020, the Secretary of Finance and Public Credit (“Hacienda”) published in the Federal Official Gazette, the first amendment to the Foreign Trade General Rules of 2020. In such amendment, among others, most…

Tax Incentives for the Northern Border Region by – Lic. Leobardo Tenorio, In short: 20% income tax rate in the Northern Border Region; IMMEX are not beneficiaries of the incentive. 8% value-added tax rate; the rate does not apply to imports, or alienation of immovable or intangible goods, as well as digital commerce. Optional –…

VAT Certification: Alternatives to providing the tax identification number of foreign residents. By – Lic. Leobardo Tenorio.  As part of the Registration for the VAT Certification for Companies or the renewal of same, the Tax Administration Service (“SAT”) is requiring from the Federal Taxpayers registration numbers of the partners, managers, and members of the board…

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