Purchasing or Renting Properties
The decision to buy or rent property in a foreign country should not be taken lightly. When choosing your new property, it is important to remember the financial and fiscal obligations that will come with it, as well as the various steps that need to be accomplished once the property is purchased.
In compliance with the regulations in force regarding real estate transactions, a legal and accounting process must be completed to present to the authorities the calculation of profit of the sale.
Taxes on the sale or rental of real estate
Expenses relating to the transaction include:
However, the seller also pays taxes such capital gains. This tax must be paid when a person derives income from a rental property or profits on the sale of the property.
There are a number of opportunities to avoid or reduce the tax, either through exemptions or deductions. According to the law, some expenses may be subtracted from income to decrease the profit and, consequently, lower the tax. In the case of an individual, you have no tax obligation if you meet certain criteria.
Companies with Business Operations
We prepare your accounting books and records (regardless of where your business is located) through a detailed recording of transactions while ensuring the protection of your information, and providing management with statistics and data that are crucial to decision making.
Individuals with Business or Professional Activities - Obligations with Public Authorities - Payroll
Analytical Accounting and Business Management
Individuals with Business or Professional Activities
We provide services for self-employed individuals who provide independent services to companies, government agencies or persons in general, such as architects, lawyers, doctors, and dentists.
Obligations with Public Authorities
All businesses in Mexico must:
Simply enter the basic hours and wages; we take care of all the other obligations including filing with SAT, calculations, forms, and other fiscal obligations are taken care of by Mextax.
The payroll services include: