Tetakawi Accounting & Tax Services
Compliance with tax and fiscal regulations laid out by Mexican federal, state and local laws is one of the most important aspects of operating in Mexico. Tetakawi offers Accounting and Tax Services that include assuming all fiscal liability and responsibility to properly comply these regulations. Our expert Finance team custom software ensure that your reports are filed accurately, on-time, and with the proper authorities.
Accurate Tax Calculation, Reporting, and Payment
Mexican Corporate Income Tax Compliance: All corporations operating in Mexico must pay income tax under Safe Harbor rules, Article 182 of the Mexican Income Tax Law or APA. Our Finance teams calculate, report and pay the appropriate income taxes.
Payroll Taxes: All payroll taxes at the State and Federal levels are calculated, reported and paid in compliance with the laws and regulations of the Mexican Tax Authority (SAT), Mexico’s equivalent of the IRS.
Value-Added Tax (VAT) Reimbursements: Our finance team prepares the application for reimbursement of the VAT levied on definitive imports and in-Mexico MRO purchases. They resolve any problems that may arise with the reimbursement of the VAT to ensure a prompt reimbursement to our clients. Tetakawi is proud to maintain AAA VAT Certification, which allows you receive a timely reimbursement.
Timely Accounts Payable Management
The finance team manages accounts payable terms and conditions with vendors and suppliers. The service includes timely payments to vendors and suppliers for purchases made by the Clients.
Stay In Compliance with Statistical Reporting
Tax: The Mexican Tax Authority (SAT) requires an annual Informative Return for Manufacturing and Export Services (DIEMSE). This report details operational information such as compliance with transfer pricing provisions, financial and tax information, as well as reporting foreign trade relationships.
Statistics: The National Institute of Statistics and Geography (INEGI) collects and monitors geographic, demographic and economic information. INEGI requires a monthly report on the value of imports, separating raw materials, packaging, and the value-added to the finished products.
Import/Export: The Office for Economic Affairs requires an annual report that identifies the total number of exports and sales during the year to maintain compliance within the IMMEX and PROSEC programs.
Benefit from Value Added Services
In addition to our tax calculation, reporting, and payment services, Tetakawi offers maintenance of permits and regulations for conducting business in Mexico, as well as management of internal and external regulatory audits related to governmental agencies, including treasury.