By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO) said on Monday, June 27, that he will request Raquel Buenrostro, head of Mexico’s Tax Administration Service (SAT), to review the requirements on the submission of proof of tax status for taxpayers, in a bid to simplify procedures. López Obrador proposed that the SAT eliminate this requirement altogether, given the
Read more
By MARK LORENZANA On Wednesday, June 8, Mexico’s Tax Administration Service (SAT) announced that it is extending until Jan. 1, 2023, the deadline for employees to submit their Certificate of Fiscal Situation or tax data to their employers, from the original July 1, 2022, deadline. In April of this year, the SAT imposed a new requirement for the issuance of
Read more
By JUAN DE JESÚS BREENE If you live and work in Mexico, April 30 is your date with destiny, at least in terms of fiscal inevitability. That is the deadline Mexico’s federal law gives you to file your taxes if your yearly earnings inside the country amount to 400,000 pesos or more. For most people, ´preparing a tax return —
Read more
By JUAN DE JESÚS BREENE Most people would agree that the most essential function of a government is to provide safety and security to its citizens. In Mexico, you would be hard pressed to find anyone who says the government is doing well when it comes to offering safety. Recent polls conducted by Mexico’s National Institute of Statistics and Geography
Read more
OPINION By THÉRÈSE MARGOLIS Somehow the irony of demanding that the supposedly autonomous National Institute of Transparency, Access to Information and Protection of Personal Data (INAI) — which has, as its name implies, among its main duties the protection of Mexican citizen’s personal data — to hand over and publicly reveal personal information of one of his main critics seemed
Read more
By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
Read more
By KELIN DILLON On Tuesday, Dec. 14, Mexico’s Tax Administrative Service (SAT) revealed its new methodology to acquire owed taxes from debtors in 2022, with the newfound jurisdiction to seize assets from taxpayers’ bank deposits, properties, savings accounts, insurance investments, stocks, bonds and real estate as a form of repayment. Now, taxpayers will be held directly responsible for reviewing notifications
Read more
By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of
Read more
By KELIN DILLON After more than 30 hours of debate, Mexican President Andrés Manuel López Obrador’s (AMLO) income package finally passed through Mexico’s Chamber of Deputies on Wednesday, Oct. 20, sending it on to the Senate for further approval. The Chamber of Deputies passage left in place the controversial provision that reduces the amount of money individuals and companies can
Read more
By KELIN DILLON On Monday, Oct. 18, Mexican President Andrés Manuel López Obrador’s (AMLO) 2022 National Income Package was approved by the Chamber of Deputies’ Economic Commission, including all its proposed reforms to the nation’s Income Tax Law (ISR). The package, which now passes to the full Chamber for passage, controversially proposes the registration of all legal Mexican adults over
Read more