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foofighter

Sep 8, 2013, 11:38 AM

Post #1 of 11 (563 views)

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Rentista - no lucrativa and RFCs

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Just sharing my findings. When you are in Mexico as a rentista - no lucrative, you don't need (should not get) a RFC nor report anything to SAT.

Interestingly enough, if you open a bank account, you'll get an RFC assigned. I've got two bank accounts, and both have the same RFC on them. However, those are "dummy" RFCs, and are *not* registered @ SAT.

I do have a a question though - what if I buy a house here and start renting it? I'll be required to pay taxes *only* on the amount of the rent paid, right?

I'm a permanent resident now, by the way (but I'm still a rentista).

Thanks!

Ric Hoffman

Sep 9, 2013, 6:07 PM

Post #2 of 11 (478 views)

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Re: [foofighter] Rentista - no lucrativa and RFCs

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Quote

Instead of making a false RFC account number, which may cause you heartburn later, why not just go to the SAT office and have one issued? You can ask to be enrolled with RFC as "Inscripción de Persona Física sin Activ. Económica", I did this in 2009 while holding a FM2.

SOLICITUD DE INSCRIPCIÓN AL REGISTRO FEDERAL DE CONTRIBUYENTES
Lugar y Fecha de Emisión
8 de Septiembre de 2009
Datos de Identificación del Contribuyente
CURP: (deleted)
Apellido Paterno: HOFFMAN
Nombre: RIC
Inscripción
Tipo de Solicitud de Inscripción: Inscripción de Persona Física sin Activ. Económica
Fecha Nacimiento: dd/mm/año
Contribuyentes Residentes en el Extranjero
Nacionalidad: ESTADOS UNIDOS

You may download a PDF directory listing here: ftp://ftp2.sat.gob.mx/...ioCERYS_15012013.pdf or call INFOSAT 01 800 46 36 728, desde Estados Unidos y Canadá 1 877 44 88 728.

(This post was edited by Ric Hoffman on Sep 9, 2013, 7:54 PM)

foofighter

Sep 9, 2013, 6:35 PM

Post #3 of 11 (464 views)

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Re: [Ric Hoffman] Rentista - no lucrativa and RFCs

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Hi Ric,

Thank you for the reply!

I had *no idea* this could be done. Where could I find more info about that?

Also, when you say "...which may cause you heartburn later", what do you really mean? Could you elaborate?

Thanks!

foofighter

Sep 18, 2013, 3:56 PM

Post #4 of 11 (305 views)

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Re: [Ric Hoffman] Rentista - no lucrativa and RFCs

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Hey Ric,

Based off your experience, do you know if having a consistent RFC is important for getting credit? I didn't have so much of a problem getting credit (got two cards here, although the first one was naturally hard to get), but it looks like the RFC is needed to query the "Buró de crédito", and I just noticed my RFC in HSBC is different from the one I have in the buró report...

What a mess! Do you think I should register with SAT to settle this up? I

And lastly -- and hope you don't mind me asking: Is your source of income still outside Mexico? I'm "afraid" that registering with SAT would end up bringing me headaches by requiring me to pay income taxes on my remittances.

Ric Hoffman

Sep 18, 2013, 5:21 PM

Post #5 of 11 (288 views)

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Re: [foofighter] Rentista - no lucrativa and RFCs

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......What a mess! Do you think I should register with SAT to settle this up? I

And lastly -- and hope you don't mind me asking: Is your source of income still outside Mexico? I'm "afraid" that registering with SAT would end up bringing me headaches by requiring me to pay income taxes on my remittances.

Now you see the reason for my previous statement: a false RFC account number, which may cause you heartburn later

If you see a RFC number listed on an invoice, bank statement, vehicle registration or other document, it does not mean that is your RFC account number unless you have established one yourself with SHCP.

You should contact INFOSAT or your local office for additional information and to have your questions answered. Having a RFC account would not be more of an issue than a local bank account balance being reported for excess cash deposits.

foofighter

Sep 18, 2013, 6:53 PM

Post #6 of 11 (266 views)

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Re: [Ric Hoffman] Rentista - no lucrativa and RFCs

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>You should contact INFOSAT or your local office for additional information >and to have your questions answered

Thanks. Will do that.

>Having a RFC account would not be more of an issue than a local bank >account balance being reported for excess cash deposits.

Could you elaborate on this one? When would a bank account be reported and to whom? And even if you don't have a RFC?

Thanks!

Ric Hoffman

Sep 18, 2013, 8:11 PM

Post #7 of 11 (240 views)

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Re: [foofighter] Rentista - no lucrativa and RFCs

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....account balance being reported for excess cash deposits.

Could you elaborate on this one? When would a bank account be reported and to whom? And even if you don't have a RFC?

The amount was previously MN$25,000 with a 2 percent tax deducted. That was changed effective 1 July 2010 The total cash deposited dropped to MN$15,000 taxed at 3 percent. These numbers are charged against all accounts owned by an individual and are cumulative monthly combined totals at any one bank.

The key words are "cash deposits". bank-to-bank transfers, checks and other credits are not reported.

(This post was edited by Ric Hoffman on Sep 18, 2013, 9:17 PM)

foofighter

Sep 18, 2013, 9:04 PM

Post #8 of 11 (227 views)

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Re: [Ric Hoffman] Rentista - no lucrativa and RFCs

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A bit confusing. Where could I find more about it? If I deposit more than 15k MXN from abroad, I will get taxed? I've been doing that and never noticed anything in the 5 years I've been here.

foofighter

Sep 18, 2013, 9:06 PM

Post #9 of 11 (226 views)

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Re: [Ric Hoffman] Rentista - no lucrativa and RFCs

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http://www.animalpolitico.com/2013/05/ya-es-constitucional-cobro-de-impuestos-por-depositos-en-efectivo-mayores-a-15-mil-pesos/#axzz2fJAGyAiQ

Is that the one? So, it doesn't look like it applies to remittances from abroad or even bank-to-bank transfers (SPEI/same bank).

esperanza

Sep 18, 2013, 9:40 PM

Post #10 of 11 (211 views)

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Re: [foofighter] Rentista - no lucrativa and RFCs

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Are you making wire transfers or electronic deposits? There is no tax on those, whether they are above $15,000MN or not. It's cash deposits over $15,000MN that are taxed.

http://www.mexicocooks.typepad.com

foofighter

Sep 18, 2013, 9:50 PM

Post #11 of 11 (207 views)

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Re: [esperanza] Rentista - no lucrativa and RFCs

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Wire, then SPEI.

Cool, thanks for the info :)

@Ric thank you very much for the help!

(This post was edited by foofighter on Sep 18, 2013, 10:00 PM)