Mexico is considered the second-largest economy in Latin America, with an impressive track record of growth. Like many of its neighbours, Mexico’s placing an increased focus on attracting foreign investors and companies into the country. Its clutch of powerful international trade connections make for a highly advantageous platform for entrepreneurs to do business both locally and across the region. However, an attractive market to do business needs to be coupled with a knowledge of the accounting and tax requirements of a country.
The Mexican tax year runs from 1 January to 31 December. For non-residents who pay income tax on Mexican-source compensation income, the tax year is the 12-month period that begins with the first month the non-resident is subject to tax. Under the current rules, most taxpayers must file the annual tax return electronically and will need to have previously registered an advanced electronic signature, which will be used in the return filing process.
It’s vital when doing business in Mexico to know the latest rules and regulations for accounting and tax declarations and that’s why we asked our senior accountant in Mexico to provide a detailed guide to helping your company.
We encourage you to make the most of this presentation which will greatly assist your commercial operations in Mexico.
For more information about our accounting and taxation services in Mexico, please get in contact with our local team.
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