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 […]
The Importance of Compliance in Vulnerable Activities under Anti-Money Law
At Tax Art, we recognize the importance of aligning with fiscal and legal regulations, especially in critical areas such as vulnerable activities governed by the Federal Law for the Prevention and Identification of Transactions with Illicit Proceeds (LFPIORPI). On November 1, 2024, the Mexican Tax Administration Service (SAT) issued a significant announcement (060/2024), revealing that […]
Deadline for Filing Liquidation Declarations for Corporations: January 17
In the realm of taxation, it is crucial for corporations currently operating under the general tax regime and undergoing the liquidation process to stay informed about the deadlines set by tax authorities. In this context, it is imperative to remember that the final date to submit the declaration for the fiscal year 2023 or earlier […]
Vulnerable Activities in Mexico
Vulnerable activities in Mexico refer to economic operations that, due to their characteristics and nature, may be susceptible to being used to introduce resources of illicit origin. This income, either directly or as part of the money laundering process, aims to conceal the existence, origin, or use of resources generated through illicit activities to integrate […]
Update on Rates and Fees of the Special Tax on Production and Services for 2024
On December 22, 2023, the Official Gazette of the Federation (DOF) disclosed the revised rates and fees of the Special Tax on Production and Services (IEPS) for the year 2024. This revision encompasses a range of products specified in Article 2, Section I, sub-paragraphs C), second paragraph; D), G), second paragraph and H), and Article […]
Publication of the Federal Tax Miscellaneous Resolution (RMF) 2024: Significant Changes.
On December 29, 2023, the Official Gazette of the Federation (DOF) announced the publication of the Federal Tax Miscellaneous Resolution (RMF) 2024, a crucial document detailing the rules and modifications established by the Mexican tax authority concerning taxes, benefits, improvement contributions, as well as federal products and rights. Here, we highlight the most relevant changes […]
Navigating the New Wave: Are You Ready for the RESICO Regulation Changes?
En el panorama cambiante de la fiscalidad mexicana, las personas físicas que operan bajo el Régimen Simplificado de Confianza o RESICO están contra reloj ante la proximidad de cambios sustanciales en la ley. Con la fecha límite del 2 de octubre de 2023 a la vuelta de la esquina, es crucial estar bien preparado e […]
Reforma en Materia Corporativa para Sociedades Mercantiles en México.
El panorama fiscal y corporativo en México ha experimentado un cambio significativo con la reciente reforma a la Ley General de Sociedades Mercantiles, publicada el 20 de octubre de 2023 en el Diario Oficial de la Federación. Esta enmienda tiene como objetivo principal la integración de los “Medios Electrónicos o Medios Ópticos” en las Asambleas […]
Navigating the New Wave: Are You Ready for the RESICO Regulation Changes?
In the evolving landscape of Mexican taxation, individuals operating under the Simplified Regime of Confidence or RESICO are on the clock as substantial law changes approach. With the October 2, 2023, deadline looming, it’s crucial to be well-prepared and informed about the forthcoming amendments. Taxation is an ever-changing field, particularly in Mexico, where the authorities […]
