Differences between accounting profit and taxable profit
One of the most common mistakes businesses make is assuming that if there's a profit, then the tax will be proportional to that amount. But in Mexico, accounting profit is not the same as taxable profit. Understanding the difference is crucial to avoid surprises.
Difference between producer, marketer and importer with respect to the IEPS in the alcoholic beverage industry
In the Mexican alcoholic beverage industry, producing, marketing, and importing are not the same. From the perspective of the IEPS (Special Tax on Production and Services), each entity has distinct obligations, risks, and responsibilities.
What is an invitation letter from the SAT and how to respond to it?
Receiving a notification from the Tax Administration Service can cause immediate concern. However, not all communications imply a formal audit. One of the most common is the invitation letter. Understanding what it is and how to respond to it...