Mexico’s tax officials have extended their previous July 1 deadline for acquiring an RFC. SAT is now giving residents in Mexico until Jan. 1, 2023 to receive the tax ID number. “At this time we do not know how that will affect sellers and buyers of casas … your notarios or accountants will know. Please…
A tax reform intended to snare money launderers has foreign residents scrambling to get a tax ID number. But tax offices are overwhelmed, and expats are having trouble getting appointments at the SAT. An RFC — official tax ID number — was once only required to open a business in Mexico, but now all foreign…
Yucatán’s Congress is considering the ratification of a new environmental tax. The proposal plans to impose a tax of approximately 270 pesos per ton of greenhouse gases released into the atmosphere, as well as comparable penalties for pollution of the state’s soil and water. “There are still many entities here in the state that create…
Yucatán’s Congress on Thursday approved a new fiscal budget for the coming year of over 42.5 million pesos. The amount will be collected through a series of new taxes, as well as a license plate update that began in 2019 but was put on hold due to the pandemic. The news comes after a recent…
Property taxes across Mérida are about to see a considerable increase.
One venue administrator who preferred to remain anonymous described the new tax as “an unjust slap in the face to businesses already on the brink of going under.”
A few days after the start of the electoral process, President Andrés Manuel López Obrador announced that Mexico’s universal pension for the elderly will begin at 65, moving eligibility ahead by three years, starting in July. Pension checks will eventually double to 6,000 pesos every two months in 2024. The plan also includes updating the…
Merida, Yucatan — City Council on Thursday approved a proposal by Mayor Renán Barrera Concha to issue a 50 percent discount on the Property Acquisition Tax (ISAI) in May. During the regular City Council session, carried out on a video conference call, lawmakers also approved financial support for 34 cultural collaboration agreements. This resources come from…
Merida, Yucatan — On the last day of 2019, the state government established a security tax for all property owners in Yucatan. The new levy helps the state maintain public safety technology, such as surveillance cameras. Some details were published in the Official Gazette, which lays out the laws of the land. Taxes vary according…
The U.S. is one of only two countries in the world (the other is Eritrea) that taxes its citizens regardless of where they live. That creates a “tax nightmare” for an estimated 9 million American citizens living outside the U.S., a Bloomberg editorial states. Moreover, the U.S. tax system “stinks,” the posting asserts. American expats…
Mexico City — The reigning Morena party is spiking the 2020 fiscal package with a sin tax. Higher taxes on alcohol, tobacco and soda are on the way, said the Budget Commission President Alfonso Ramirez Cuellar. The Special Tax on Production and Services (IEPS) is also targeting non-essential, high-calorie foods. The objective is to inhibit the…
Mexico’s government on Monday detailed plans to collect estimated taxes from ride-share companies, but China’s Didi said it would not take part in the arrangement.
Mexico, which has one of the lousiest tax-collection rates around, is rolling out a deal with tech platforms. Deputy Finance Minister Arturo Herrera did not elaborate when he confirmed the plans with Bloomberg News. The previous administration was in talks with Uber, Netflix and Airbnb to automate the tax collection process. The announcement is expected…
Discounts and insurance go to property owners who pay early.
After persuading the state government to assess Airbnb properties a 3 percent lodging tax, the president of the local hotel association wants more.
If you’re running a business in Yucatán, you can’t refuse to facturas to your customers who qualify for them.
Regulating the growth of online rental platforms while also appeasing irate hoteliers, the state plans to begin a 3 percent tax on homeowners using the technology beginning Jan. 1.
Tropic Air suspended flights to Mérida and other cities after a tax hike made the trips substantially more expensive.
Just as the government is attempting to come to grips with Uber, the ministry of tourism is now taking a new look at app-based rentals such as Airbnb’s.
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