rhintransit
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IVA on??? thanks all, asked and answered
below is original post. asked and answered. my research confirms that IVA is due on realtor services. a factura should be requested/received, an
official one, including RF number of serve-r, and may, in some cases, be written off against gains.
Okay, I'm kinda getting used to IVA being 16%. And hidden, or not, on the cost of meals, food, purchases.
And the bank adding 16% to my fidiocomiso...
But has anyone heard of paying IVA on a realtor's commission?
[Edited on 4-21-2016 by rhintransit]
reality\'s never been of much use out here...
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DENNIS
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Never. Services aren't taxed. It's a realtor rip-off......reason enough to get rid of him/her.
"YOU CAN'T LITTER ALUMINUM"
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rhintransit
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thanks, Dennis. can you cite me a reference for this please?
reality\'s never been of much use out here...
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vandenberg
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Roberta.
Any accountant in town should be able to answer that question.
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bajaguy
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IVA
Make the "realtor" provide documentation of the authorization to charge the IVA
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Paulclark
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It is a goods and services tax, that is why the bank charges the 16% on your fideicomiso and your realtor charge 16% on their fees. It is the law and
it is deductible as an expense on the sale of property.
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SFandH
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"A core element of the Mexican tax system is a value-added tax (VAT), known by its acronym in Spanish, IVA. This term means impuesto al valor
agregado. Mexico imposes VAT on all purchases of goods and services throughout the country."
http://offshoregroup.com/2012/02/07/manufacturers-in-mexico-...
Every other reference I read at the following link says the tax is applied to goods and services. There are a handful of items such as food and
medicine that are exempt.
https://www.google.com/webhp?sourceid=chrome-instant&ion...
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Paulclark
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and when it is charged you must receive a factura as an official receipt of payment.
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DENNIS
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Waydaminit.........I know better than to apply US logic or structure to anything in Mexico, but arn't commissions wages earned? Since when does a
client have to pay IVA on wages paid?
.
[Edited on 4-21-2016 by DENNIS]
"YOU CAN'T LITTER ALUMINUM"
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rhintransit
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Quote: Originally posted by DENNIS  |
Waydaminit.........I know better than to apply US logic or structure to anything in Mexico, but arn't commissions wages earned? Since when does a
client have to pay IVA on wages paid?
it's a service. same as the banks which provide the service of administering a fidiocomisso. goods and services are taxed. their laws, not ours.
I found many helpful references on line. for more discussion on the topic, see my post today in TalkBaja Facebook forum.
.
[Edited on 4-21-2016 by DENNIS] |
[Edited on 4-21-2016 by rhintransit]
reality\'s never been of much use out here...
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willardguy
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cool you found some folks that actually KNOW!!!!
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ncampion
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That's good information to know. In the future, when/if I sell my property in Loreto, I will be sure to negotiate that as part of any sales contract.
Living Large in Loreto. Off-grid and happy.
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durrelllrobert
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Just looking at my ATM receipt
..and on the bottom it says:
IMPORTE : $7000.00
COMISION USO ATM: $22.00
IVA: $3.52
Bob Durrell
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DENNIS
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Isn't the use of a privately owned [bank] appliance a bit different than service.......like renting a car, or a hotel room?
"YOU CAN'T LITTER ALUMINUM"
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cabobaja
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Real Estate Transaction:
16% IVA is charged to the seller. 16% on the commission received.
The seller can request facturas for the 16% as a deduction against
capital gains. Capital gains and the 16% IVA is paid to the notary
who issues a receipt and pays the monies to the Mexican government.
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