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Mexican Tax Law: Corporate Taxes
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 A Mexican company will be subject to the following taxes during its operation:
A corporate tax assessable at a maximum rate of 35% must be paid annually to the tax authorities on the company's taxable profits. The procedure to calculate such profits is by deducting certain allowed expenses from the total accruable gross income. Most of the company's income is considered accruable for income tax purposes at the time any of the following situations occur: invoices are issued goods are delivered to the buyer or services are rendered when total or partial amounts of the transaction is collected or is payable, including advance payments
Basically, the allowed deductions are all costs and/or expenses strictly necessary to carry out the company’s business. Except for the first year of operations, all Mexican corporations must file their income taxes through monthly provisional payments. These provisional payments will be credited against the annual income tax return. Return to top |
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Canadian Chamber of Commerce in Mexico
The Canadian Chamber of Commerce in Mexico (CCCM) is a non-profit organization founded in 1982 by a prominent group of Canadian and Mexican companies. The mission of the CCCM is to promote and strengthen the commercial, financial and investment relationships between Canada and Mexico. The primary aim of the CCCM is to serve as a home for Canadian businesspersons in Mexico.
| | British Chamber of Commerce in Mexico
The BritCham represents not only British business interests but other European chambers of commerce as well, and is the perfect connection when it comes to facilitating business in Mexico. Their extensive network is also the best way to get into contact with other British and European nationals living, working and doing business in the country. Below we've presented an introduction and information on how to get in touch with the BritCham.
| | Business Practices in Mexico: The Basics
Are you conducting business in Mexico? Are you aware of the most significant cultural differences? Refer to this page for a quick education in Mexican dress code, negotiations and business lunches.
| Busines Practices in Mexico: The Social Arena
Become familiar with the expected methods of social interaction in Mexico. Make sure you know the local customs before diving into your first business meeting.
| | Doing Business with Mexico
Doing business "with" Mexico suggests engaging in international trade directly from the home office. Doing business "in" Mexico suggests the additional step of establishing a physical presence in Mexico and regularly engaging in commercial activities. Which would be best for your business? Click here to learn more.
| | Doing Business with Mexico, Part II
What business activites are you interested in starting up in Mexico? Will you have to pay taxes? Find out how to answer these questions about your new business with Mexico in this article.
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