Tax Audits in Construction: What No One Tells You About Deductions and Materiality in Mexico
Tax Audits in Construction: What No One Tells You About Deductions and Materiality in Mexico Do you want to ensure profitability and fiscal peace of mind for your construction company in Mexico? Discover how to avoid tax audits, penalties, and the loss of key tax deductions in your construction projects. Tax audits in the construction […]
SIROC in Construction: Comprehensive Guide to Compliance with IMSS and Avoiding Penalties
The Integral Construction Work Registration Service (SIROC) is a digital platform of the Mexican Social Security Institute (IMSS) designed to ensure that construction industry employers comply with their social security obligations. This tool replaced the SATIC and aims to guarantee that construction companies, contractors, and project owners make the required contributions for their workers. If […]
Obligations of Authorized Donee Organizations in Mexico.
Authorized donee organizations in Mexico are civil organizations or trusts authorized by the Tax Administration Service (SAT) to receive tax-deductible donations under the Income Tax Law (LISR). To maintain this authorization and operate in compliance with the law, they must fulfill various tax and administrative obligations primarily established in the LISR and provisions issued by […]
Joint Liability of Directors and Administrators with the SAT: Key Points to Avoid Risks
Directors, general managers, and sole administrators of companies in Mexico must understand that their role goes beyond strategic decision-making; it also involves ensuring that the company complies with its tax obligations. Noncompliance can result in joint liability, potentially putting their personal assets at risk. When Does Joint Liability Arise? The Federal Tax Code outlines several […]
