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
Merida’s old US Consulate to be replaced with large state-of-the-art intelligent building
The project, which is currently under.
The Virgin of Izamal is ready for her traditional festival
Izamal, Yucatan; November 22, 2020 (ACOM).- On.
Mayor Renán Barrera highlights the importance of caring for our pets
Mérida, Yucatan (November 22, 2020). With.
Trump supporter charged with assault after breathing forcefully on protesters
Trump supporter charged with assault after.
Toronto enters virus lockdown as US looks to vaccine rollout
Canada’s biggest city entered lockdown on.
113 bodies found in secret graves near Guadalajara, Jalisco
MEXICO CITY (AP) — Mexican authorities.
AMLO calls on rich countries to lessen debt for poorer nations
MEXICO CITY (Reuters) – Mexican President.
Basílica of Guadalupe closed from December 10 to 13
Every year the “Basílica de Guadalupe”.
Why are Mexico and Latin America so attractive for international funds?
By Andrea Villar Q: How has.
Free rabies vaccination campaign for dogs and cats in Merida
MERIDA Yucatan (Times Media Mexico) –.