By Cheryl T. Miller, Broker, Baja Realty and Invesment
A few years ago, the Mexican IRS, known as the Hacienda or SAT, made sweeping changes in their tax system. The system they created became geared to electronic filings and the use of computers/internet for all acceptable documents, reports and files. Since then, many changes have occurred. Among them is the requirement for all taxpayers to have electronic signatures, an RFC or Taxpayer ID number, to pay all taxes through the internet (cash at a bank is no longer allowed), to receive electronic official receipts for purchases of goods and services in order for them to be allowed as possible deductions from income tax or capital gains tax, when a property is sold..
This past July another change, without pomp, circumstance or notification, was passed that became effective September 1st of this year. This change affects ALL real estate purchases, and ALL buyers and sellers who are foreign or national. READ MORE
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