Amnesty on the Anti Money Laundering Law


Publicado en Domingo, 24 Febrero 2019

 Amnesty on the Anti Money Laundering Law

 

One of the main problems that Mexican governments have faced in recent years has been the battle against the laundering of assets, and have implemented different strategies over such issue; since 2000, Mexico is a member of an intergovernmental organization known as FATF (Financial Action Task Force on Money Laundering), created in 1989 with the main objective of developing policies, measures and recommendations to combat money laundering and terrorist financing; derived from such recommendations, in Mexico came into effect, as from July 2013, the Federal Law for Prevention and Identification of Transactions with Resources of Illicit Origin, commonly referred to as “Anti Money Laundering Law”

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Unfavorable monetary effect that affects certain real estate developers for the import of services


Publicado en Lunes, 18 Febrero 2019

Unfavorable monetary effect that affects certain real estate developers for the import of services

 

One of the sectors that immediately and significantly affect the economy of a region isthe real estate sector, recently as binomial Puerto Vallarta-Riviera Nayarit, has maintained a broad growth in the sale of both land and properties intended for residential use. In addition, within this environment of globalization and the need to have avant-garde designs, ecologic and self-sustainable styles designed for real estate projects, in the last years the large number of real estate developers has increased that hire professional services from foreign individuals and companies for them to support at the design, architecture, supervision, among others; with the purpose of being top shelf at the products (properties) that they offer to their potential clients.

 

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Automatic refund request of Income tax for individual taxpayers


Publicado en Jueves, 30 Agosto 2018

Automatic refund request of Income tax for individual taxpayers

 

As a standard procedure, after filing your annual tax return and if you have Income Tax in Favor, the SAT (Mexican IRS) should process your tax return within 5 business days. However, if this period of time already passed and you have not received your tax return, we advise you to check on the tax return status.

 

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Work risks – How to identify one within your company


Publicado en Miércoles, 29 Agosto 2018

Work risks – How to identify one within your company

 

As it is already known, all the employers that have employees must calculate their risk premium through an annual revision of the work accidents or sicknesses that their employees had the year before the filing of the report. The classification is established when the employer starts his/her activities in a workplace and/or the operation procedures are modified, which can create a variation that must be reported to the authorities.

 

But as an employer, what is the effect of having  an employee at risk? When does my risk premium increase? This is why the IMSS classifies it in 3 branches, however, the transportation accident is also added to make it more consistent.

 

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Factura 3.3 - What you need to know


Publicado en Martes, 28 Agosto 2018

Factura 3.3 – What you need to know