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rhintransit
Super Nomad
Posts: 1588
Registered: 9-4-2006
Location: Loreto
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| Quote: | | Quote: | Seriously, what's it good for, besides good "citizenship"?
[Edited on 6-20-2013 by SFandH] |
Never having to pay a renewal again.
Permanent is permanent.....
No dodging around with the Migra, no bank runs to pay the fees, no more photos, no more income statements, no more permission letter to exit the
country........just NO more!! |
AMEN!
reality\'s never been of much use out here...
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akshadow
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Posts: 287
Registered: 2-1-2007
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jAnswers?
I too have had the same questions, but then think "answers today, even if correct, have very little to do with what will really be done in the future"
I would make sense in the long term if you are a permanent resident you would eventually be required to follow same rules as a Mexican would be
required to do. Pay taxes, have Mexican license plates, Mexican auto insurance, (not tourist auto insurance) etc
| Quote: | Originally posted by chuckie
OK..I'll keep asking.....
1. Does the LAW say I have to import my car? It is not "do they check documents at a traffic stop"
2. Do I have to file a Mexican tax return? NOTE! The question is not "Do I have to pay taxes or what is the income requirement"......It is not, "Do I
have to show proof of income after RP." |
Ron San Felipe Oct, Nov. Feb. Mar. April. remainder in Juneau Ak
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RnR
Senior Nomad
Posts: 839
Registered: 5-1-2010
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For Chuckie (and all others) .....
| Quote: | Originally posted by chuckie
OK..I'll keep asking.....
2. Do I have to file a Mexican tax return? NOTE! The question is not "Do I have to pay taxes or what is the income requirement"......It is not, "Do I
have to show proof of income after RP." |
Here is a link to the best interpretation of Mexican Income Tax law that I have found. Like US law, it is complicated and its applicability is very
individualistic.
Mexican Income Tax
Read the section "Residence Rules" carefully.
If you want to see the actual law and not somebody's interpretation of the law, go to SAT's mexican website. However, the law is in Spanish (of
course) and is just about as complicated and convoluted as trying to read the US IRS's laws!
[Edited on 6-20-2013 by RnR]
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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RnR, Doesn't Mexico have a minimum income requirement for filing taxes?
"The future ain't what it used to be"
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RnR
Senior Nomad
Posts: 839
Registered: 5-1-2010
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| Quote: | Originally posted by monoloco
RnR, Doesn't Mexico have a minimum income requirement for filing taxes? |
See my above post for the link.
I edited my above post to remove the synopsis and just included the link. Everybody can make their own determination.
(Maybe this needs to be be re-posted as its own topic ????)
[Edited on 6-20-2013 by RnR]
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monoloco
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Posts: 6667
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Location: Pescadero BCS
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It seems to me the answer is in the very first paragraph.
Residents
Individuals should file a Mexican annual income tax return by 30 April of the following year, except in the following cases.
When they receive only exempted income or income on which the income tax withheld or paid is considered final.
When they only receive wages and salaries amounting less than MXP400,000, provided they did not work for two or more employers simultaneously during
the year and were employed at the end of the year. However, see the following condition. This exception does not apply when the employee receives
salary payments derived from foreign sources or from entities with no withholding obligation.
Individuals obtaining a combined annual income of salary and interest income not exceeding MXP400,000, if and when the actual interest (interest
versus inflation) does not exceed MXP100,000, are not obligated to file an annual tax return provided that the income tax on the actual interest has
been withheld to them. In this case, the tax withheld is considered final. It is important to mention that as of 1 January 2012 this statement will be
derogated, as the tax calculated on interest income will be considered as a final payment and the procedure to calculate the tax will change.
That sounds to me like there is no need to file if you had less than MXP 400,000 in income. If you derive your income from work or investments in
another country, it is not taxable in Mexico. Thanks RnR for posting the link.
[Edited on 6-20-2013 by monoloco]
"The future ain't what it used to be"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by monoloco
That sounds to me like there is no need to file if you had less than MXP 400,000 in income. Thanks RnR for posting the link. |
Doesn't look as though Mexico brings in enough money to run the country. What percentage of the workers make that kind of money?
And those in the higher brackets are still able to write off the six tequila lunches and everything else under the sun.
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monoloco
Elite Nomad
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Location: Pescadero BCS
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Cheating on taxes in Mexico is almost universal.
"The future ain't what it used to be"
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monoloco
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After reading through the link again, it seems like it was written for executives who are working in Mexico, not for ex-pats who derive their income
from the states and pay taxes on it there. I'm certainly not going to file any tax returns in Mexico, nor do any ex-pats I know who aren't employed
here.
"The future ain't what it used to be"
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DENNIS
Platinum Nomad
Posts: 29510
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Location: Punta Banda
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| Quote: | Originally posted by monoloco
Cheating on taxes in Mexico is almost universal. |
I'm not sure it's cheating......more like creative. I've had business owners tell me taxes are a nonissue for them because they have a good
accountant. It's like it used to be in the states.
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monoloco
Elite Nomad
Posts: 6667
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Location: Pescadero BCS
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by monoloco
Cheating on taxes in Mexico is almost universal. |
I'm not sure it's cheating......more like creative. I've had business owners tell me taxes are a nonissue for them because they have a good
accountant. It's like it used to be in the states. |
Ha, why do you think they never want to give you a
factura at the ferreteria?
"The future ain't what it used to be"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by monoloco
Ha, why do you think they never want to give you a factura at the ferreteria? |
Actually, I've never had a problem with that. They always ask if I want one.
Another legit business that always asks is Office Depot. Every time.
By law [I know... ] they have to give you a proper receipt.
I'm not sure a factura and a receipt are the same thing. I didn't think they were. 
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Bajatripper
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Posts: 3151
Registered: 3-20-2010
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| Quote: | Originally posted by durrelllrobert
A friend here in Punta Banda hired and paid an agent to apply for her RP 30 days before her FM2 expired. The agent did not submit the application
until the day after it expired so it was rejected and she now has to start the 4 year period all over with a Residente Temporal card
[Edited on 6-2-2013 by durrelllrobert] |
This is very interesting since I was just told by Imigracion that I had to apply after my current FM-2 expires and not a day sooner.
There most certainly is but one side to every story: the TRUTH. Variations of it are nothing but lies.
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by monoloco
Ha, why do you think they never want to give you a factura at the ferreteria? |
Actually, I've never had a problem with that. They always ask if I want one.
Another legit business that always asks is Office Depot. Every time.
By law [I know...] they have to give you a proper receipt.
I'm not sure a factura and a receipt are the same thing. I didn't think they were. |
In order to get a factura you have to provide them with some sort of number that I'm guessing indicates that you have a business registered in Mexico
which causes that number to be generated.
There most certainly is but one side to every story: the TRUTH. Variations of it are nothing but lies.
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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| Quote: | Originally posted by Bajatripper
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by monoloco
Ha, why do you think they never want to give you a factura at the ferreteria? |
Actually, I've never had a problem with that. They always ask if I want one.
Another legit business that always asks is Office Depot. Every time.
By law [I know...] they have to give you a proper receipt.
I'm not sure a factura and a receipt are the same thing. I didn't think they were. |
In order to get a factura you have to provide them with some sort of number that I'm guessing indicates that you have a business registered in Mexico
which causes that number to be generated. |
RFC number for tax purposes issued by Hacienda.
"The future ain't what it used to be"
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grace59
Senior Nomad
Posts: 614
Registered: 9-14-2004
Location: San Felipe, Baja, Mexico
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| Quote: | Originally posted by Bajatripper
| Quote: | Originally posted by durrelllrobert
A friend here in Punta Banda hired and paid an agent to apply for her RP 30 days before her FM2 expired. The agent did not submit the application
until the day after it expired so it was rejected and she now has to start the 4 year period all over with a Residente Temporal card
[Edited on 6-2-2013 by durrelllrobert] |
This is very interesting since I was just told by Imigracion that I had to apply after my current FM-2 expires and not a day sooner.
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My husband and I went in to apply for our RP yesterday. He has an FM2 and I have an FM3. What our agent told us is this: Since my husband has a FM2
he can apply for the RP up to 30 days in advance and they will submit his application on Monday. Because I have the FM3 I must wait to apply the day
after my FM3 expires. I don't know why???
Whenever I hear that rainy, chill wind blow. I think it may be time to head for Mexico. Tengo que obedecer mi corazon!
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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It seems, in answer to my questions, that filing a Mexican tax return is not neccessary if you meet the guidlines. As to the car, the law says you can
not drive a US plated car as a permanent resident. BUT that is not, at this time being enforced.....I dont think I'll get an RP.....I see no benefit
except avoiding the annual filing hassle....which is a non issue with me....
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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A factura is a receipt.
The significant difference between a non-factura receipt and a factura is that the factura is a "registered/tracked" receipt where IVA is listed and
accounted for. The vendor who issues a factura will and must remit the IVA to the taxing authority for the corresponding and related sale. For a
sale transaction where no facture was ever issued, said sale is most likely and most deliberately not reported to the taxing authority and neither is
any IVA remitted to said taxing authority by the vendor for transaction/sale.
The non-factura sales are most likely and most deliberately not reported on any income tax return and therefore the vendors' income tax liability will
be less.
The blank facturas that printers provide to merchants/vendors must be on special forms printed by certain authorized printers only.
The entire Mexican system is ridiculous, anti-business, cumbersome, ineffective, and produces the exact opposite results that they are trying for.
Most all independent contractor vendors/merchants/service providers try to avoid issuing facturas and deliberately do not obtain checking accounts.
Checking account administration and use is also riddled with stupid, ridiculous, anti-business, cumbersome and ineffective procedures and requirements
as well. Between facturas and checking account policies and practices, Mexico is hurting itself economically and misses out on taxing a tremendous
amount of "under the table" type of income.
FWIW, similar under the table income is lost to taxation by the IRS and other taxing authorities here in the USA. When you drive on your town's main
drag and look at all the sole proprietorship, ma and pa businesses that line the street, at least 90% of them are under reporting their income to the
IRS and to the sales taxing authorities as well. However, in this country, the taxing authorities employ more effective methods to ferret out under
the table revenue upon audit.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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My wife submitted her PR application in Ensenada, via an agent, last Monday and has an appointment for fingerprinting tomorrow (Tuesday). Muy Rapido!
Bob Durrell
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by durrelllrobert
My wife submitted her PR application in Ensenada, via an agent, last Monday and has an appointment for fingerprinting tomorrow (Tuesday). Muy Rapido!
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Then.... thirty more days for DF.
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