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Www.psdconsultores.com. INCOME TAX FEDERAL TAXES Gravel the increase in assets of individuals and corporations residing in Mexico Rate 30% A SINGLE BUSINESS.

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Presentation on theme: "Www.psdconsultores.com. INCOME TAX FEDERAL TAXES Gravel the increase in assets of individuals and corporations residing in Mexico Rate 30% A SINGLE BUSINESS."— Presentation transcript:

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2 INCOME TAX FEDERAL TAXES Gravel the increase in assets of individuals and corporations residing in Mexico Rate 30% A SINGLE BUSINESS TAX RATE Gravel the difference between certain income and deductions Rate 17.5% VALUE ADDED TAX Gravel consumption of almost every kind of goods and services Rate 16% Border 11%

3 EXCISE DUTY ON GOODS AND SERVICES FEDERAL TAXES Gravel Consumption of cigarettes, alcoholic beverages, telephone, games of chance and petrol. Several Fees Tax on New Automobiles Gravel new car purchase Rates vary, depending on each vehicle DEPOSIT-TAX CASH Intended to tax the informal (applies to cash deposits) Rate 3%

4 TAX ON CAPITAL TRANSFERS OF MOVABLE STATE TAXES Levied on real estate purchases Rate 2% Tax on the purchase of used motor vehicles Gravel private disposals Several Fees BUSINESS TAX ATTORNEY LEGAL AND INSTRUMENTS Gravel any act or contract before a Notary Rate 1%

5 SALARIES TAX STAFF TO WORK NOT SUBORDINATE STATE TAXES Gravel income individuals are not subordinate Rate 3% or 4% PAYROLL TAX Gravel payments payrolls Rate 2% LODGING TAX Gravel providing hosting services Rate 2%

6 Taxes on lotteries, raffles, SWEEPSTAKES, CONTESTS BETS AND ALL KINDS STATE TAXES Tax income for these items Rate 6% TAX SALE OF TICKETS FOR RAFFLES AND DRAWINGS Gravel ticket alienation Rate 8%

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8 THE FOLLOWING ACTS ARE CONSIDERED BY TRANSMISSION OR ACQUISITION OF THE PROPERTY - ANY TRANSMISSION OF PROPERTY. - DONATION. - CAUSE OF DEATH BY. -CAPITAL CONTRIBUTIONS COMPANIES AND -ASSOCIATIONS TAX ON PATRIMONIAL TRANSMISSIONS

9 - PURCHASE SALE IN WHICH THE SELLER RESERVES THE PROPERTY. THE PROMISE OF THE FUTURE IF BUYER GET INTO POSSESSION OF THE PROPOERTY OF THE SELLER RECEIVE THE FUTURE OF THE SALE PRICE OR ADVANCE ASSIGNMENT OF RIGHT OF THE BUYER OR BUYER OF FUTURE IN THE PAST TWO CASES -

10 C.- BASE 100 % OF THE VALUE THAT TURNS OUT TO BE HIGHER GIVES: 1.-THAT OF EVALUATION OR THE OPINION OF VALUE 2.-THE VALUE OF THE OPERATION D.- RATE: 2% FOR OPERATION. THE ABANDONMENT OF RIGHT OF THE BUYER OR OF THE BUYING FUTURE IN BOTH PREVIOUS CASES

11 E.- TIME OF PAYMENT WITHIN 2 MONTHS FOLLOWING THE DATE OF THE TRANSACTION F.- SUBJECTS OBLIGED TO RETAIN AND INFORM THE NOTARIES AND PUBLIC FEDATARIOS G.- EXEMPTIONS -THE FEDERATION -THE STATE -MUNICIPALITIES -FOREIGN STATES

12 OWNERSHIP AND USE TAX ON VEHICLES COMPELLED The physical and moral persons, holders or users of vehicles PAYMENT DATE Taxpayers paid the tax for calendar year during the first three months to the authorized offices.

13 RATES

14 RIGHTS OF CONTROL VEHICLE

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16 INCOME TAX This tax is applicable to all residents of Mexico, that is, to all residents who have established an operations center in Mexico. Therefore, it is applicable to all corporations and companies, all industrial enterprises, all agricultural products businesses, individuals, etc. This tax applies to gross receipts, income of individuals and businesses, however, nonprofit organizations do not pay this tax.

17 One of the most important features of the Mexican tax law is that it recognizes the benefits and losses incurred by businesses due to inflation. There are also expenses that may be deducted expenses that reduce income and the amount used for calculating the tax is lower. Some examples of deductible expenses include: discounts and allowances, purchases, depreciation and amortization of fixed assets, financial leasing The tax rate this year is 30% on taxable income, ie income minus deductions

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19 VALUE ADDED TAX FEATURES -Gravel consumption of goods and services - The cause in all economic stages - The taxpayer is retrieved from third absorb the final consumer - Removes the effect "cascade" and pyramidal - Reduce tax evasion.

20 -It is neutral with respect to competition. - Economic impact known. - It helps to export products to the 0% rate - Fiscal Tiers price of imported products. - The federal tax levy of the tax in each of stages of the economic process. FEATURES

21 CUSTOMS VAT IMPORTERSUPPLIER MANUFACTURER WHOLESALERS RETAIL CONSUMER FEATURES: Is caused in all economics stages It is financed by government (like bussines income, except import stage)

22 VALUE ADDED TAX ELEMENTS I. SUBJECTS ALL THE PHYSICAL AND MORAL PERSONS WHO REALIZE ACTS AND ACTIVITIES BURDENED BY THE OBJECT. II. OBJECT DISPOSITION OF ASSETS PROVISION OF SERVICES GRANT USE OR ENJOYMENT OF PERSONAL PROPERTY IMPORT OF GOODS OR SERVICES EXPORT OF GOODS OR SERVICES

23 III. BASE THE AMOUNT IS DETERMINED TO BE APPLICABLE RATE IV. RATE RECOGNIZES THAT THE AS IS LIVA: 0%, 11% AND 16% V. EXEMPTIONS SOME EXEMPTIONS EXIST DEPENDING ON THE TYPE OF ACTIVITY

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25 This tax works very similarly to a " minimal alternative tax. " The affected contributors are all the business contributors, corporate and not corporate activities, especially the persons with the companies on his world revenue, and the resident foreigners with permanent establishment in Mexico. In general, all the business income it is affected by this new "alternative" IETU of income of the fiscal, enclosed system in personal independent services, and the rent of the property.

26 3 The IETU is calculated as a "alternative" of taxes, and the major one of the IETU or the tax on the ordinary income turns into the responsibility. The companies that operate under the program IMMEX (known as factory-works) will be able to enjoy a fiscal incentive in the form of a fiscal credit that reduces his responsibility IETU

27 Deductions limited (except the indemnification) allows to them to calculate the tax base, in spite of a fiscal direct credit it is allowed for the majority of the expenses of compensation. The rate of legal IETU is 16,5 % for the year 2008, 17 % for 2009 and 17,5 % for the year 2010 and in forward.

28 ELEMENTS: I.-SUBJECTS ALL THE PHYSICAL AND MORAL PERSONS WHO REALIZE ACTS AND ACTIVITIES BURDENED BY THE OBJECT. SPECIAL TAX ON PRODUCTION AND SERVICES

29 II.- OBJECT THE ALIENATION OF GOODS OR IN HIS CASE THE IMPORT RENDERING OF SERVICES. III.- BASE THE AMOUNT DETERMINED WHO I KNOW WAS APPLYING THE RATE IV.- RATE THE LAW OF THE SPECIAL TAX ON PRODUCTION AND SERVICES RECOGNIZES DIFFERENT RATE THAT THEY GO FROM 10 % TO 110 % AS IT IS DETAILED BELOW:

30 CONCEPT RATE A) ALCOHOLIC DRINKS AND BEER GIVES EVEN 14 ° G.L. 26.5% B)BEER AND ALCOHOLIC DRINKS GIVE MORE G.L GIVE 14º. AND UP TO 20 ° G.L. 30% C)BEER AND ALCOHOLIC DRINKS GIVE MORE G.L GIVE 20 º 53%

31 D) ALCOHOL AND UNNATURAL ALCOHOL AND UNCRYSTALLIZABLE HONEYS 50% E)CIGARETTES 110% F)GASOLINE AND DIESEL DIFFERENT RATES G) SOFT DRINKS, MOISTURIZING OR REMOISTURIZING DRINKS, CONCENTRATES, POWDERS, SYRUPS, ESSENCES OR EXTRACTS OF FLAVORS, WHICH ON HAVING BE DILUTED ALLOW TO OBTAIN SOFT DRINKS, MOISTURIZING OR REMOISTURIZING DRINKS ….. 20 % CONCEPTRATE

32 H)H) SYRUP OR CONCENTRATES TO PREPARE REFRESHMENTS THAT ARE EXPENDED IN OPENED PACKINGS USING AUTOMATIC, ELECTRICAL OR MECHANICAL DEVICES … …. I)I)COMMISSION, MEDIATION, CONSIGMENT, ETC. SAME RATE OF THING EXEMPT CONCEPTO TASA 20 % FINAL EXPORT J)J) K) L)L) GAMES WITH BETS AND DRAWINGS NETWORKS YOU PUBLISH OF TELECOMMUNICATION 30 % 3 %

33 TAX ON FINANCIAL TRANSACTIONS

34 3 Persons who dispose of shares issued by Mexican companies or shares of foreign companies and these operations are done through stock exchanges, shall be exempt from Income Tax

35 Residents abroad, who have a permanent establishment in the country, receiving interest income may be subject to a fee of 4.9% when the beneficiary is resident in a country where they have a treaty to avoid double taxation and compliance with the requirements therein.

36 STUDY OF TRANSFER PRICE

37 TRANSFER PRICE Regarding the transfer pricing study adhered to the Law on Income Tax procedures established by the OECD

38 The methods are: I. Resale Price Method II. Cost-plus method III. Utility Participation Method IV. Residual Method profit sharing V. Transactional margin method of operating income

39 AGREEMENTS TO AVOID THE DOUBLE TAXATION

40 TRATADOS PARA EVITAR LA DOBLE TRIBUTACIÓN Fuente: Servicio de Administración Tributaria FIRMADOS ALEMANIAEUAHOLANDA ANTILLAS HOLANDESASFINLANDIAPOLONIA AUSTRALIAFRANCIAPORTUGAL AUSTRIAGRECIAREINO UNIDO BERMUDAINDIAREP. CHECA BÉLGICAINDONESIAREP. ESLOVACA BRASILIRLANDARUMANIA CANADÁISLANDIARUSIA COLOMBIAISRAELSINGAPUR COREAITALIASUDÁFRICA CHILEJAPÓNSUECIA CHINAKUWAITSUIZA DINAMARCALUXEMBURGOURUGUAY ECUADORNORUEGAVENEZUELA ESPAÑANUEVA ZELANDA44 EN NEGOCIACIÓN ARUBALETONIA BAHAMASLÍBANO BAHREINLIECHTENSTEIN COSTA RICAMALASIA ESLOVENIAMARRUECOS GIBRALTARMÓNACO HUNGRÍANICARAGUA ISLA DEL HOMBREPANAMÁ ISLAS CAIMÁNSAMOA ISLAS COOKTAILANDIA ISLAS GUERNSEYUCRANIA ISLAS JERSEYTURCAS Y CAICOS ISLAS MARSHALLVANATU ISLAS VIRGENES BRITANICAS27


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