Who must pay VAT in Mexico?

by Hector Galicia | Jul 17, 2022 | Entrepreneurship, Taxes

The Value Added Tax in Mexico, better known as VAT, is an indirect tax that taxes the consumption of goods and services. Natural persons (individuals) and legal entities (companies) are obliged to pay this tax when they carry out...

When do treaties to avoid double taxation apply?

by Hector Galicia | Jul 5, 2022 | Foreign trade, Taxes, Invest in Mexico

Mexico has signed treaties with other countries to avoid double taxation and increase the exchange of information between different countries. If you have operations in Mexico as a foreigner or you are a Mexican who has operations with residents abroad, you...

NIF A-2 Basic postulates of the Financial Reporting Standards

by Hector Galicia | Jul 4, 2022 | Accounting

Buy the working paper «Accounting Policies Format» The Financial Reporting Standards (NIF) establish 8 basic postulates on which the accounting information system must operate. Below, we detail the 8 basic postulates established in the Financial Reporting Standards (NIF).

Set up your company online (SAS)

by Hector Galicia | Jul 4, 2022 | Incorporation of companies, Accounting, Entrepreneurship, Invest in Mexico

In Mexico there is the possibility of creating your company in a short period of time, free of charge and online, without the need to go to a notary or government agency. This type of commercial company boomed during the pandemic generated by COVID-19...

How to import goods to Mexico?

by Hector Galicia | Jul 4, 2022 | Foreign trade, Entrepreneurship, Invest in Mexico

Due to its privileged geographical location and its market of 127 million people, Mexico is an excellent option for importing goods. To be able to legally introduce goods into the country you must have the following: Be registered in the Registry...