REDUCTIONS ON PROPERTY TAX IN RELATION TO GREEN AREAS
November 25th, 2024
Dear clients and friends,The Fiscal Code of Mexico City (“CFCDMX”) governs, among other taxes, the property tax and has undergone various reforms over the years to grant reductions to taxpayers who own land and constructions in Mexico City. In this regard, the CFCDMX offers reductions ranging from 10% to 25% of the total property tax payable...
REDUCTIONS IN PROPERTY TAX DUE TO THE INSTALATION OF PHOTOVOLTAIC SYSTEMS (SOLAR PANELS)
November 12th, 2024
Dear Clients and Friends, The Mexico City Fiscal Code ("CFCDMX") regulates, among other taxes, the property tax. According to the provisions of this Code, taxpayers may be eligible for various reductions in the payment of the property tax if they meet certain requirements. On November 5th of this year, an initiative was published in the Legislative Gazette of Mexico City proposing an amendment to Article 276...
DRAFT BILL FOR REFORM OF THE CIVIL CODE OF MEXICO CITY REGARDING LEASES
November 5th, 2024
Dear clients and friends, The Civil Code of Mexico City (“CCCDMX”) regulates, among other legal acts, the lease contract for real estate intended for residential use. Over the years, this code has undergone various reforms to balance the relationship between landlords and tenants. On October 30th, a draft decree was published in the parliamentary gazette of Mexico City...
UNCONSTITUTIONALITY OF THE PROPERTY ACQUISITION TAX
October 29th, 2024
Dear clients and friends, On June 28, the Regional Plenary on Administrative and Civil matters of the Central-North region of the Federal Judiciary declared, as a matter of jurisprudence, the unconstitutionality of Article 113 of the Tax Code for Mexico City (“CFCDMX”), considering it a violation of the principles of tax proportionality and progressivity. This was based on the finding that there is an error in determining...