Who must pay VAT in Mexico? Value Added Tax better known by its acronym VAT is an indirect tax that taxes consumption at different rates than 16%, 8% and 0%.
In the VAT law It is established that the following activities carried out in Mexico must pay said tax:
I.- Dispose of assets.
II.- Provide independent services.
III.- Grant the temporary use or enjoyment of goods.
IV.- Import goods or services.
Said tax will be calculated by applying the rate of 16% to the value of the agreed consideration, that is, if a service has a value of 10,000 MXN, VAT will be calculated as follows: 10,000 x 16% = 1,600, with 1,600 being Value Added Tax. of the operation.
Some of the activities that are taxed at the 0% rate are the following:
a) non-industrialized animals and plants
b) Patent medicines and products intended for human and animal consumption
c) Ice and non-carbonated or mixed water
d) Ixtle, palm and lechuguilla
e) Tractors to drive agricultural implements
f) Fertilizers, pesticides, herbicides and fungicides
g) Hydroponic greenhouses
h) Gold, jewelry, silversmithing, artistic or ornamental pieces and ingots
i) Sanitary pads, tampons and cups, for menstrual management
j) Provision of independent services provided directly to farmers and ranchers for agricultural activities.
They also establish that VAT will not be paid on the following services:
a) services provided free of charge
b) public ground transportation of people provided in urban areas
c) professional medical services
When starting the operations of your company, we recommend you analyze if your activity is subject to VAT and what rate corresponds to it. We invite you to contact us.
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