‘Legal News’ News

PAYING TAXES ON RENTAL PROPERTIES LOCATED IN MEXICO

By Linda Neil Internet, blog sites, expat groups and Mexican newspapers are full of information about the growing problem of foreigners who are renting their homes or condominiums and failing to pay Mexican taxes. Not only is this a violation of Mexican tax law with...

Take Advantage of the Mes de Testamento in March in Mexico

Are You a Foreigner With Assets in Mexico?   By Gisela Talamantes Saenz During the months of March and September, the College of Public Notaries of the State of Baja California Sur reduces their fees by 50% for granting wills. Also, some Notary Public offices...

IF YOU OWN RENTAL PROPERTY ANYWHERE IN MEXICO…

YOU ARE REQUIRED TO PAY THESE MEXICAN TAXES TBC ·    Mexico Income Tax ·    Mexico Value Added Taxes – IVA (16%)   if the unit is furnished* ·    *IVA is paid by tenant but collected and declared by the owner. ·      Many nonresidents of Mexico have never paid any taxes...

Are You a Foreigner With Assets in Mexico?

  Take Advantage of the Mes de Testamento By Gisela Talamantes Saenz During the months of March and September, the College of Public Notaries of the State of Baja California Sur reduces their fees by 50% for granting wills. Also, some Notary Public offices will...

MY FIDEICOMISO WILL EXPIRE SOON – What Do I Do?

By Gisela Talamantes Saenz Under Mexican law, all properties acquired by foreigners in the restricted zone – within 50 km of an ocean or 100 km of the borders – must be held in a Mexican bank trust which is known as a fideicomiso. These...

Have You Paid Aguinaldo to Your Employees?

By Gisela Talamantes Saenz Article 87 of the Federal Labor Law establishes The Aguinaldo as an obligation/benefit, with an objective to grant employees a sufficient amount of money to cover extraordinary expenses during the end of the year holidays. According to the Federal Labor Law,...

Are you a foreigner with assets in Mexico? Take advantage of the “Mes de Testamento”

Gisela Talamantes Saenz, Attorney at Law with Baja Legal Solutions   Get your Mexican Will During the months of March and September, the College of Public Notaries of the State of Baja California Sur reduce their fees by 50% for granting Wills. Also some Notary...

English Speaking Community Receives Support from State Attorney

TBC On October 26, 2012 members of the English speaking community were invited to a meeting of residents of El Centenario at an attorney’s office in El Centenario. It was a Saturday and there were approximately 50 people standing in front of her office. The...

Don’t Let the 2014 Fiscal Reform Negatively Affect You

By Sandra D. Gaytan Diaz If you are conducting business in Mexico you will likely have heard of the many new fiscal changes that were brought in this year. Operating a business legitimately doesn’t have to be difficult. However it does require you to follow...

DISCOUNTS ON WILL AND TESTAMENTS IN THE MONTH OF MARCH IN MEXICO

DISCOUNTS ON WILL AND TESTAMENTS Don’t leave a mess behind for your loved ones.  A Will and Testament reduces problems when one departs from this world and leaves behind family and friends. March and September are known as the months of the Will and Testament...