OUR THOUGHTS ON:

Postcard from Doing Business in Mexico

International

By Brian Risacher

As a result of SD Global’s active membership in PrimeGlobal, one of the largest associations of independent public accounting firms in the world, Schneider Downs offers access to an ever-growing global network.  It is this involvement and the relationships with these firms that enable us to provide our clients with firsthand knowledge and expertise of the complexities and nuances of operating in foreign markets.  As part of our SD Global International Education series, we recently hosted a Doing Business in Mexico event featuring Juan Ignacio Rivero, Managing Tax Partner at Rivero & Olivares.

The event opened with a presentation from Mr. Rivero highlighting the following components of the overall Mexican business environment:

  • Overview of the governmental, economic and financial systems
  • Investing in Mexico - implications of various activities within Mexico
  • Taxes and Duties
  • Auditing and Accounting
  • Opportunities and Threats

Immediately following the presentation, Mr. Rivero fielded questions from business leaders and tax professionals alike offering his personal insight on particular situations and expanding on areas covered throughout the presentation. 

One anecdote from the evening that evoked laughter from all in attendance was the attempt by some Mexican taxpayers to avoid the limited deductibility of corporate plane expenses.  Juan explained that attaching sprinklers to the underside of corporate jets in an effort to qualify for agriculture purposes, permitting additional deductions, will not hold water under audit.  Juan did discuss more appropriate tax planning techniques.

For more information about SD Global, doing business in Mexico or a copy of the presentation, please contact Mary Richter at 412-697-5250.

© 2013 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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