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TheLongWayHome
Joined: 07 Jun 2006
Posts: 1016
Location: San Luis Piojosi
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 Posted: Fri Jun 20, 2008 7:14 pm Post subject: |
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| MikeySaid wrote: |
| Is that what I should apply for after the wedding? Or does one of us have to demonstrate a certain level of income? |
You can have an FM2 as the spouse of a Mexican though I think she would have to prove you were economically dependent on her.
If you have an FM3 I would stick with that as the FM2 is $1000 more expensive every time you renew it.
The advantage of the FM3-I/FM2-I is that you do your own taxes, paying far less tax than you would if a school 'took care of it for you' (screwed you over). You can also charge companies. |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Mon Jun 23, 2008 2:49 pm Post subject: |
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| If you have an FM3 I would stick with that as the FM2 is $1000 more expensive every time you renew it. |
...but, if you are planning to be here long term, it's worth it in order to arrive 5 years later at inmigrado status and have less hassle (and expense) from immigration. Kind of an investment, dontchathink? |
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TheLongWayHome
Joined: 07 Jun 2006
Posts: 1016
Location: San Luis Piojosi
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| Posted: Mon Jun 23, 2008 3:34 pm Post subject: |
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| Phil_K wrote: |
| ...but, if you are planning to be here long term, it's worth it in order to arrive 5 years later at inmigrado status and have less hassle (and expense) from immigration. Kind of an investment, dontchathink? |
True, though can't you get the nationality after 2 years of marriage? The other advantage of the FM3 is that it doesn't depend on you being married should there be any unforseen problems. |
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MELEE
Joined: 22 Jan 2003
Posts: 2583
Location: The Mexican Hinterland
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| Posted: Mon Jun 23, 2008 4:57 pm Post subject: |
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Or after a Mexican child is born if you have two years of continuous residency prior to the application for citizenship.
I've never gone with an FM2 for that reason. If I want to become a citizen I can. For people who are married and or have children who are interested in becoming a citizen the FM2 has no advantage over the FM3 and for me it has some disadvantages, it costs more and you have a limit (though it's high) on how long you can be out of the country over the 5 years of the FM2. |
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Samantha
Joined: 25 Oct 2003
Posts: 2038
Location: Mexican Riviera
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| Posted: Mon Jun 23, 2008 5:04 pm Post subject: |
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| But if something happens that you aren't able to pass the citizenship exam (everyone has to take an exam now and not everyone is passing it), it seems to me that as PhilK mentioned, the FM2 is the best option. |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Wed Jun 25, 2008 2:34 pm Post subject: |
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| Samantha wrote: |
| But if something happens that you aren't able to pass the citizenship exam (everyone has to take an exam now and not everyone is passing it), it seems to me that as PhilK mentioned, the FM2 is the best option. |
...and anyway, who wants to be a Mexican? |
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MELEE
Joined: 22 Jan 2003
Posts: 2583
Location: The Mexican Hinterland
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| Posted: Wed Jun 25, 2008 4:40 pm Post subject: |
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| I know that many countries, my own included, have residency requirements for immigrants--but I'm not interested in being held by them. |
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Tretyakovskii
Joined: 14 Aug 2009
Posts: 462
Location: Cancun, Mexico
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| Posted: Sat Jan 30, 2010 12:47 pm Post subject: FACTURAS |
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In the thread, "Living in Mexico and not teaching," PhilK wrote:
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| Get facturas, not recibos. It�s more professional,and some companies won't accept recibos. |
PhilK, I wonder if you can go into this a little more.
____________________
As I presently understand it, a factura is a document issued by the provider of goods or services (an English teacher, for example) which can then be used by the customer if he is claiming a tax deduction based on that expense. They are custom printed at a commercial printer, under license from the tax authorities, are numbered sequentially and contain all the relevant details regarding the service provider. (Perhaps a mere recibo would not work for the customer, if he wanted to claim a business expense on his tax declaration?)
I'm planning to order facturas, soon, for use with my clients. Perhaps the tax authorities don't care if you issue facturas when it comes to your declaration of gross receipts for your business/work, happy to have you declare as much as you will, even if all you used were recibos?
If you issued nothing but facturas would it, for any reason, be necessary to also issue recibos?
(I was considering doing as many businesses do, and offering to provide facturas shortly after the first of each month, if requested by the customer. Any comments?)
How does what you said fit in with what Leslie said, page one of this thread, about the use of printed honorarios? Quoting Leslie:
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| ***then you have to go to an official printer to get your honorarios. |
You suppose he was referring to facturas?
____________________
By the way, much of my experience with the tax authorities, SAT, matches that of Leslie's, so far. Examples are the system they use to generate the tax id number and the fact that you can start the process of getting the tax id number online. In fact, in Cancun, they told me it was obligatory to begin the process, online, which I did. I was able to complete this first step. (The second step is a brief visit to the tax office to produce your documents confirming the details you gave, online. Here, they refuse to put you into the system unless you first register online and they want you to make an appointment online, as well.) At the appointment, I was required to produce my FM3, and copies of every page of it; my CURP, and a copy of it, and evidence of my physical address (a bill) and a copy of it.
Entering the details to register online must have taken me an hour- most of that time trying to figure out a way to input my details: their computer will not accept it in any but one way, and you have to experiment to determine what that way may be. Then, I encountered problems getting an appointment online. I called several times to the phone number they provided for making appointments and, although the people handing the calls were extremely polite, they could never give me an appointment. They said there were no available dates: the same thing happened when I tried it, online. Finally, it was explained to me that new appointment slots are issued at the first of the week only, and are quickly used up. (In keeping with a preference for doing things at the last minute, in Mexico, they make appointments only up to maximum of five days ahead?)
Anyway, with a lot of perseverance I managed to break through to the point of being permitted to pay taxes! Am I an idiot? Not according to PhilK! (See his advice, above.)
Last edited by Tretyakovskii on Sat Jan 30, 2010 4:17 pm; edited 4 times in total |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Sat Jan 30, 2010 3:23 pm Post subject: |
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If you form a company as a legal entity (S.A., S.A. de C.V., SC, etc), then that company becomes the contributor as persona moral. In that case you are looking at employing lawyers and accountants, as things get a little complicated.
Otherwise:
If you offer services as (British name) sole trader, partnership, or freelance (i.e without incorporation), you register with Hacienda as persona f�sica, and usually use recibos. In fact, persona f�sica is the status of anyone who is working and if you earn more than (approx., I don't know the current figure) $300,000 p.a., you can claim certain expenses, such as mortgage relief and medical expenses.
The third option, which is where I am, is to register with Hacienda as persona f�sica con actividades empresariales and issue facturas. In this case the following happens.
- you have to make a monthly provisional declaration as well as an annual, even is it is in zeros.
- Despite what some people tell you, everything that you pay in IVA is deductable, and I mean everything. Hacienda will issue you with a c�dula. Use it to get invoices for meals, clothes, travel, everything.
- Some things that are obviously related to your activity can be deductable against Income Tax (ISR). Computers, stationery, books, etc.
Honestly, it is a good idea to have an accountant to guide you through the maze. I pay $100 MX a month for him to do my provisionals, and around $200 to do my annual.
I hope all that helps! |
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Tretyakovskii
Joined: 14 Aug 2009
Posts: 462
Location: Cancun, Mexico
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| Posted: Sat Jan 30, 2010 3:47 pm Post subject: |
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I like this PhilK, and it's nice of you to take time to go into the detail you have.
Let me call your attention to one question I asked earlier, if I may.
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How does what you said fit in with what Leslie said, page one of this thread, about the use of printed honorarios? Quoting Leslie:***then you have to go to an official printer to get your honorarios. |
You suppose he was referring to facturas, or was he referring to recibos, as you've termed them?
[By the way, Leslie, if you're still out there, feel free to chime in, along with any others that would like to help clear some of this up.]
__________________
When you suggested you could deduct IVA you paid from taxes due, did you mean to limit it to IVA paid when you incurred expenses in your business, or any IVA you paid (including all personal expenditures)?
___________________
They have registered me as a persona fisica, with two income streams, 1) servicios de apoyo a la educacion; and 2) servicios de profesores particulares. They elaborate this by adding, 3) regimen de sueldos y salarios e ingreses asimilados a salarios; and, 4) regimen de las personas fisicas con actividades empresariales y profesionales.
[Anybody know exactly how to understand item #3?]
They have instructed me to make the filings you mentioned and to include the following taxes: ISR; IVA (excise tax collected by me and forwarded to the tax authorities?); and, when applicable, an IETU (minimum, flat tax?).
Do I need facturas, or would they be inappropriate to my tax status?
____________________
Sadly, accountants here seem to be a good deal more expensive than the one you've found; and, they sometimes have reputations for incompetence. I was hoping to do as Leslie suggested, and do it myself; but, I've got the name of one, if I find it too onerous. |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Sat Jan 30, 2010 4:21 pm Post subject: |
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First point:
The poster was referring to recibos de honorarios. In either regime, you need to print either recibos de honorarios or facturas. As I understand it, recibos are for personas f�sicas and facturas are for personas f�sicas con actividades empresariales. One or the other.
All IVA invoices are deductable, business or personal. You and your business are one and the same thing as a sole trader. If you want to use travel invoices against ISR, get your travel agent to put "Teachers conference" or some-such on the invoice. I don't have any problem with that , as my travel agent is my wife! 
I don't know about the IETU, so I'm not going to give you any advice on that, check the website http://www.sat.gob.mx
Again, as I understand it, facturas are not appropriate to your status. You'd have to go to Hacienda as do two processes. One, to unregister, and another to register as persona f�sica con actividades empresariales.
I was thinking of setting up a business for newbies in Mexico to provide advice and guidance for accommodation, immigration, tax etc. Do you think this would be a good service, and would people be prepared to pay a few thousand pesos to have the comfort of easing into their new life without problems? (hope the moderators allow this; it's just market research!!!  ) |
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Tretyakovskii
Joined: 14 Aug 2009
Posts: 462
Location: Cancun, Mexico
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| Posted: Sat Jan 30, 2010 4:33 pm Post subject: |
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| Quote: |
| The poster was referring to recibos de honorarios. In either regime, you need to print either recibos de honorarios or facturas. |
OK, got that.
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All IVA invoices are deductable, business or personal. You and your business are one and the same thing as a sole trader. |
Extremely interesting that this would be allowed, because it would have a very big impact on your tax bill, reducing it considerably. You are the second person who has told me this is routinely allowed in Mexico, as surprising as it is: the concept of you and your business being one has a logical ring to it (got to eat to work, and all that!), but it wouldn't be allowed in other tax jurisdictions I'm familiar with.
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| As I understand it, recibos are for personas f�sicas and facturas are for personas f�sicas con actividades empresariales. One or the other. |
You may have responded before I added this full paragraph-
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| They have registered me as a persona fisica, with two income streams, 1) servicios de apoyo a la educacion; and 2) servicios de profesores particulares. They elaborate this by adding, 3) regimen de sueldos y salarios e ingreses asimilados a salarios; and, 4) regimen de las personas fisicas con actividades empresariales y profesionales. |
As you can see, it does refer to me in the way you mentioned, in the documents provided me by SAT, after I'd completed the registration process, item #4.
I'm at a loss how to understand item #3.
__________________
PhilK, as for your question about a possible business, I posted to the thread which speaks about alternatives to teaching, in Mexico.
Last edited by Tretyakovskii on Sat Jan 30, 2010 4:48 pm; edited 4 times in total |
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Samantha
Joined: 25 Oct 2003
Posts: 2038
Location: Mexican Riviera
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| Posted: Sat Jan 30, 2010 4:40 pm Post subject: |
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PhilK wrote:
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| I was thinking of setting up a business for newbies in Mexico to provide advice and guidance for accommodation, immigration, tax etc. Do you think this would be a good service, and would people be prepared to pay a few thousand pesos to have the comfort of easing into their new life without problems? |
Your idea, in some version or another, is being put to use in many tourist areas already. It's a good idea and many will be willing to pay, but some, using the internet, will always try to outsmart you and try to glean information for free (as you will notice). There is much inaccurate and outdated information (or region specific) on the internet, however. Some of the 'gleaners' will come running to you for help once they realize they have wasted lots of time, spent money, and ended up spinning wheels. Connections are everything in Mexico, and this is a great business for someone well-established with good local connections. |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Sat Jan 30, 2010 5:04 pm Post subject: |
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| Thanks for your vote of confidence, Samantha. I do have some pretty good connections now I think about it. A friend who is a tax lawyer, who also happens to be fluent in English, a brother-in law who has a printing business and is registered with SAT to print invoices and receipts, condo owners.... interesting... |
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Phil_K
Joined: 25 Jan 2007
Posts: 2041
Location: A World of my Own
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| Posted: Sat Jan 30, 2010 5:12 pm Post subject: |
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| Quote: |
| I'm at a loss how to understand item #3. |
This is only if you employ other people, e.g. you advertise classes and you employ a teacher to do some of them for you.
ingreses asimilados a salarios (sic) (should be "ingresos") are a system whereby an employer deducts a small amount from your wages, is responsible for paying the taxes, and you, the employee don't have to give any receipts or invoices in return.
...and yes, it's absolutely true about all personal expenses. I will pay only about $2000 MX in IVA for 2009. Big spending wife...
Hey! I'm charging for this information now...
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