Author: Rocky Point Times

New Information on 2014 Tax Laws that effect Property Owners Who Rent Their Property

On January 1, 2014 the Mexican IRS (Hacienda (SAT) has made a lot of changes for property owners who rent their property. In English it is called SMALL BUSINESS TAX STRUCTURE. It is very important to be in compliance with new law. The penalty might be that Hacienda tax you at 35% which is the GENERAL BUSINESS TAX RATE. Also your rental company will not be able to rent your condo if you are not tax compliant.

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Tariff Reduction on ICRESON (Catastral and Registry Institute of the State of Sonora)

Excellent news for foreigners wishing to purchase property in the Mexican federal area, due to various appeals against excessive tariff by the office of the public property registry, its tariff has changed. It has stopped charging the amount of 5 per thousand on the highest value of the transaction, between the amount of the transaction, cadastral value and commercial value.

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The fins are in!!

For anyone seeking a whale watching excursion, this is the place for you. The fins are back in Puerto Peñasco. Oh yes, those extraordinary enormous sea creatures are frolicking in the Sea of Cortez, once more, sunning their back sides, while synchronizing swimming through the waves.

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Contact

Alicia Grajeda
Rocky Point Times Newspaper
383-6325 / (480) 463-6255

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Guidelines on animals, plants, and products that may enter Mexico

 

 

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