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Vulnerable activities for tax purposes

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Mario Alfredo Zaldivar Sánchez

Mario Alfredo Zaldivar Sánchez

Mexico Start-up Business Expert, Taxes, Auditing, Accounting on the Cloud, Outsourcing, Expats, Training for business

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Vulnerable activities for tax purposes

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In accordance with Recommendation 22 of the Financial Action (FATF), Activities and Designated Non-Financial Professions (DNFBPs), they also have to develop certain Actions to prevent and combat Money laundering and terrorist financing.

 

In Mexico, DNFBPs are known as Vulnerable Activities (VA) regulated by the Law Federal Agency for the Prevention and Identification of Operations with Resources of Illicit Origin (LFPIORPI) and can be defined as those which by their nature and characteristics are likely to be used by its customers or users to carry out acts or operations with resources of illicit origin

Those who carry out Vulnerable Activities have to inform to the Ministry of Finance and Public Credit (IRS) on the operations that its clients or users carry out for an amount greater than that established in the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin.

ACTIVITY

AMOUNT MX$


Betting games, contests and sweepstakes

$66,912.30

Credit or service cards

$133,305.90

Prepaid cards

$66,912.30

Vouchers, coupons, e-wallets or certificates

$66,912.30

Traveler's checks

$66,912.30

Loans or credits, secured or unsecured

$166,502.70

Services of construction, development, intermediation or commercialization of real estate

$832,513.50

Marketing of precious stones and metals, jewellery and watches

$166,502.70

Auction and commercialization of works of art

$499,508.10

Distribution and marketing of all types of vehicles (land, sea, air)

$666,010.80

Armor services (vehicles and real estate)

$499,508.10

Transfer and custody of money or securities

$333,005.40

Personal rights of use real estate

$333,005.40

Receiving donations from non-profit organizations

$333,005.40

Virtual Asset Trading

$66,912.30

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