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The Tax Administration Service (Spanish: Servicio de Administración Tributaria, SAT) is the revenue service of the Mexican federal government. The government agency is a deconcentrated bureau of the Secretariat of Finance and Public Credit , Mexico's cabinet-level finance ministry, and is under the immediate direction of the Chief of the Tax ...
The Federal Taxpayer Registry (Spanish: Registro Federal de Contribuyentes, RFC), also known as RFC number, is a tax identification number required by any physical or natural person or moral or juridical person (legal entity) in Mexico to carry out any lawful economic activity for which they are obliged to pay taxes, with some exceptions.
The Secretariat of the Treasury and Public Credit (Spanish: Secretaría de Hacienda y Crédito Público, SHCP) is the finance ministry of Mexico. The Secretary of the Treasury is the head of the department, and is a member of the federal executive cabinet, appointed to the post by the President of the Republic, with the approval of the Chamber of Deputies.
Mexico's finance ministry aims to tax digital platforms such as video streaming service Netflix in its budget plan for next year, a senior government official said on Monday. Deputy Finance ...
The new tax facing cruise passengers in Mexico will be pushed back until July 2025 after backlash ensued from cruise associations who fear the fee will negatively affect ports.
Mexico used to tax its citizens in the same manner as residents, on worldwide income. A new income tax law, passed in 1980 and effective 1981, determined only residence as the basis for taxation of worldwide income. [164] However, since 2006 Mexico taxes based on citizenship in limited situations (see above). [165]
The FCAA predicts the tax will make cruise tourism in Mexico 213% more expensive than the average Caribbean port, according to a press release. Roughly 16.9 million passengers from the U.S ...
The Common Reporting Standard (CRS) is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014. Its purpose is to combat tax evasion.