With the recent financial law changes, tax evation has become a lot more diffcult task for local entrepreneurs.
MERIDA – “The use of “ghost bills” to simulate the deduction of expenses and evade taxes is no longer that easy to achieve”, declared Juan Manuel Franco Gallardo, tax expert from the BDO office in Mexico City.
“According to the tax law, any buy or acquisitions made, must now be justified and be strictly indispensable for labor or coporative purposes, or otherwise it could become suspicious for the SAT (Mexican IRS), “even when whoever purchases or sells those bills pay their taxes.” Franco Gallardo explained.
In a press conference organized by the Mexican Institute of Finance Executives, he said that the practice of “ghost bills” has become risky, since it could be considered as money laundering.
Regarding the supposed market for the sale and purchase of this type of invoices in Yucatan, Franco Gallardo said that he only remembered that years ago, in some parts of the country, it was said that Yucatan was a favorable state to evade taxes, thanks to certain loopholes in the Civil Code.
This allowed many companies to declare the payment of a minimum part of the salaries and most of them through outsourcing companies, whose creation was tolerated, until the law was changed.
The expert in taxes Juan Manuel Franco Gallardo stated that in Merida there is still a huge disagreement with the next electronic invoicing 3.3 due to the difficult that it represents to its application in the companies’ accounting.
more recommended stories
Cases of men publicly masturbating in front of women on the rise in Mérida
Motorists are approaching women in the.
Judge gives two final injunctions against St. Lucia airport
A federal judge of the State.
Three horses were badly hurt during a “Lazo” tournament in Panabá, Yucatán
TIZIMÍN, YUCATÁN.- Three horses were badly.
State of emergency declared in the Yucatan Peninsula for lack of electricity
MEXICO city, Mexico. – In another.
Consequences of wrong decisions by the AMLO administration are noticeable: Coparmex
The effects of the wrong decisions.
Exhibition of photojournalist Barbara McClatchie: homage after years of her murder
With an exhibition open to the.
“Urban heat islands” popping up all over Mérida due to accelerated growth without proper planning
An urban heat island (UHI) is an urban area or metropolitan.
Maya indigenous community sues Hunucmá City Council, Conagua and SDS for environmental damage
The Maya indigenous community of San.
Chinese woman arrested in Florida for allegedly stomping on sea turtle nests
A woman has been arrested in.
Mexican avocado in grave danger due to organized crime
Every day, avocado producers are victims.