When requesting a refund of a VAT balance in favor, the Tax Administration Service (SAT) has the power to request additional documents to verify the legitimacy of the request and clarify possible inconsistencies. According to Form 10/CFF Request...
One of the main doubts of taxpayers who generate VAT balances in their favor is the time that the authority has to authorize or reject said refund. This process, regulated by law, has certain rules that both individuals and corporations...
Opening an accounting firm is an excellent option for accountants looking to offer professional services independently or as part of a team. In addition to having the necessary technical skills, it is important to take into account certain legal aspects, such as:
What is a Service Provision Contract? A service provision contract is an agreement between two parties, the service provider and the contractor, in which the former undertakes to carry out an activity or provide a specific service, and the latter undertakes to...
Financial Reporting Standard NIF C-9 establishes the guidelines for the recognition, valuation, presentation and disclosure of provisions, contingent liabilities, contingent assets and commitments in the financial statements. Its purpose is to ensure that the...