mexican taxation


Joined
Apr 1, 2014
Messages
1
Reaction score
0
Dears,
the deal is that a Company has made a prepayment under the contract to a Travel Agent mexican entity for hotel booking service, conference equipment, coffee-breakes.
As a result a Trevel Agent has rendered services on a less amount that it had been prepaid by a Company. There are the invoices issued proving the amount spent and a balance state from the accountant.
So, a Company requests for the refund of the non-used money.
A Travel Agent agrees with a deduction of their taxes in total 35%.
It sais that if they transfer money back the transferred amount is to be subject to 35% tax.
A Travel Agent refers to the following taxes:
ISR 30%
+ IETU del 17.50%
+ IVA del 11%
Could you help with the arguments if this 35% deduction is legal in case of money refund or not.
Thank you.
 
Ad

Advertisements

kirby

VIP Member
Joined
May 12, 2011
Messages
2,207
Reaction score
297
Country
United States
Request proof of the tax payments to the govt from your esteemed travel agent
then file for a refund from the Mexican govt
then wait and wait and........
Meanwhile I'd record those payments as an expense.
Next year go somewhere else
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top