A simple and clear framework has been developed for legal entities in the country. The list of mandatory taxes includes:
- income tax – 25%;
- assets tax – 1%;
- capital increase tax – 25% of the difference between the nominal and selling price;
- VAT – 16% (for a number of products the rate is 0%);
- excise duty.
The latter type of deductions is established for a wide range of goods and is paid by all residents of the Republic, regardless of their status.
Companies, as well as ordinary residents and foreigners, must pay interest on real estate transactions. It applies to properties worth over 5,000,000 pesos and is 1% of the amount. For other real estate transfers, the interest will be 3%. However, the government has established zero rates for people over 65 years.
If you have any questions about the fiscal system of the republic, please contact our specialists. They will promptly give answers and give free advice on other topics.
In addition, we will help you open an offshore, including remotely, and buy a ready-made company. You can choose the most advantageous option from the registrar of legal entities ready for re-registration.
Contact us and feel confident in any part of the world!