By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
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By MARK LORENZANA According to Mexico’s Tax Administrative Service (SAT), it only takes an average of 14.7 days for taxpayers to get their refunds, but some taxpayers have complained that they had to wait for more than 69 days. In an interview with Mexican daily newspaper Reforma on Monday, July 18, Rafael, a taxpayer, said that he had already been
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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
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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
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By KELIN DILLON More than 23,000 trials pertaining to tax-related issues were carried out in Mexico during 2021, a significant increase from the pandemic-afflicted year of 2020, when only 11,871 trials of the same nature took place. However, considering the Federal Court of Administrative Justice (TFJA) was closed from March 18 to June 30, 2020, due to covid-19 pandemic health
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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
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By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) is out to squeeze taxpayers and increase its collections through a plan to conduct more audits of potentially delinquent contributors, according to a report published in Reforma newspaper on Thursday, May 6. At the end of the first quarter, the SAT collected 112 billion pesos through audits or reviews
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By RICARDO CASTILLO Vaccines Registration Underway, Sort of… As of Tuesday, Feb. 2, the Mexican government has opened up its Natonal Vaccination Program of covid-19 vaccines to everyone over the age of 60, allowing those eligible to register on a webpage run by the Interior Secretariat (SeGob). In theory, everyone in Mexico over age 60 — including legal foreign residents
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