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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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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.
| Chambers of Commerce in Mexico
Find contact information on Chambers of Commerce in Mexico, for both local and foreign offices.
| | Setting Up A Business: Incorporating
When you're ready to incorporate your business, look to this site. SolutionsAbroad outlines the 5 main steps necessary for creating a corporation in Mexico. We also include reasonable expectations for how long the process will take.
| | Setting Up A Business: Permanent Establishment
How do you set up a business in Mexico? What options are there? Start reserarching in this section to find out what types of businesses and corporations foreigners can establish in Mexico.
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