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Accounting and Tax Strategies

There are numerous and complex tax structures in Mexico that can quickly become overwhelming and confusing. First knowing what to expect, then how to navigate possible issues, is well worth the knowledge of hiring a certified professional.

If your business is to include employee's, it's important to remember that In Mexico all labor laws are on the side of the employee. Employee or service contracts are an absolute must before employing anyone for anything!

Depending on how simple or elaborate your objectives, there are numerous issues which should be considered before incorporating and how or if you may want multiple companies to interrelate, such as:

  1. Limit liability
  2. Tax strategies
  3. Corporation to hold property or equipment
  4. Corporation for sales or employees

The options and scenarios are numerous and should be well thought out in advance. Once we understand your current and future investment objectives, we can design a structure or structures to meet your needs today, while keeping tomorrow in mind, and providing you with a solid foundation for success

This is an abbreviated list of some tax issues you'll encounter while doing business in Mexico.

Corporate Taxes

IVA ( Impuesto al Valor Agregado ) Value Added Tax -10% Sales Tax - paid montly
ISR ( Impuesto Sobre la Renta ) - Income Tax paid montly 
IETU ( Impuesto empresarial a tasa única ) - montly Federal Tax
Retención de Impuestos - Tax withholdings for personal or professional services
Retencion ISR
Retencion IVA

Employee Taxation

Hiring Employee's in Mexico
IMSS ( Instituto Mexicano del Seguro Social ) - Social Security Tax
Infonavit ( Instituto del Fondo Nacional de la Vivienda para los Trabajadores )
Mexican Institute of National Workers' Housing Fund
ISPT ( Impuesto Sobre Productos del Trabajo ) - employee wage tax
Impuestos Estatales - Salary Tax
SAR ( Sistema de Ahorro para el Retiro ) - Savings-Related Retirement

Real Estate

1% Property Tax (known as a predial) of the assessed value determined at the time of sale.
The assessed value of the property can be adjusted at a later date if needed.
20% Capital Gain Tax on the gross proceeds from the sales without deductions
This will vary depending on how long the property was held, if a person or corporation is
selling and if a person or corporation is purchasing.

We strongly recommend a comprehensive investigation of every transaction and all parties related to each transaction, to advert unexpected conclusions.

 

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