This is, by far, the most valuable expat channel on RUclips! Thank you for sharing relevant information to help educate folks who are considering a move to Mexico, and not just tourist information. 🙏🏻
Just one more example of why I watch this channel. I may never go to Mexico, but I now know something that will help me understand "the world" better. I don't want to be that person who says, "I've never even heard of that before". It's out there and up to me to learn it.
You can look at "Factura" as the equivalent of "Invoice" a formal document for accountant and taxes purpose. "Nota" it's a simple "receipt" so you don't forget to balance your check book.😉 When we purchased a motorcycle here in Mexico, we needed a Factura , and it was done with the generic RFC under my husband's name who is only legal permanent resident, in case he wants to sale it later.
@@mariamar2114 Thanks, but in order to be able to sale his bike, the factura needs to be with the owner's own RFC. Bit of difference here in Mexico than in the US where invoice is only for your itemized deductions.
@@mariamar2114 which, for us, the bike ended up being sold to me, under my name and my Mexican citizen own RFC so we it could be received by the agency as down payment for a bigger bike. Generic RFC are not acceptable by reputable business.
My wife's family owns a business. Every purchase we make for that business, we use the RFC. I never make those purchases *on my own,* my wife pulls out the information.
Thank you for the info Paul, even for some one like me that was born in Mexico and then lived for a long time in the US this is so helpful since I've been away for so long, you videos are a gem! Like they say in Mexico... Gracias Wero!
Güero is what I tell them I am, and I tell them I am a gringo when they call me a güero…. Just my way of joking and letting them know I could care less about anything they call me. They love me anyway so it is all good! Come back to Mexico, right now it is better here and it is going to get a lot better in the years to come! So is the rest of the world! But, Mexico is what I like so I can practice Spanish…
When a video is made in public, or even in a living room, many others could conceivably be listening. With the black screen it's more intimate somehow, like you're talking only to the viewer. I think that's why I like it...
Thank you. Watched this video before; today searched for generic RFC no luck then remembered to add "two expats Mexico" screen capture the end RFC. Hope I don't need it. Many thanks for your informative channel. Puebla for the weekend after 3 years. Return via AIFA hope that is not a mistake. Hey it was cheap. (Land crossing to US).
Very interesting indeed. Thanks. I will keep ‘factura’ in mind for our trips to Mexico. Hopefully we won’t require it, at least for medical services obtained. Cheers.
I want to thank you for creating your very informative videos. I have watched many of them myse!f and now share them with my daughter. We are now planning a trip to Aguascalientes. Again thank you for the videos and keep creating them Ann Gutierrez 👍👍💙💙
Recivo .....is what we called it Puerto Rico .... great information , because I had no clue it was such difference in Mexico ....such variables in our Spanish, thanks!
I realized there was a difference when I learned Mexican Spanish at work then married a Colombian. They call children chinos, blonde people monos, and handsome men churros. It was like another language...lol.
The factura system is a good one but it has lead to a lot of scumbaggery with people who have business licenses requesting facturas from restaurants, grocery stores, and specialty stores and saying that these expenses are business-related. My dad ran a leatherwork shop in Tijuana that made things like leather jackets, wallets, and handbags and every other week someone would come in, buy something, and request a factura.
QRP, I have pretty much watched all of your videos and wanted to say thank you for the education I have received. We are planning on moving to Mazatlan and your guidance is appreciated.
I have lived in Mexico for years, own my own home, have remolded, don’t pay taxes, have had emergency medical care at the hospital, SS doesn’t pay for medical in Mexico. I have never been asked for a fractura. Now in Ecuador you want to save your sales receipts because if you are over 65 you are reimbursed for the sales tax you pay.
So what about all the repairs that my property managers does and all the toilets and faucets replaced, as well as the handyman costs? She has upgraded every little thing in my condo! I have seen no facturas ni notas! (And the previous PM told me they don't give receipts.) Do a video on PMs and I will have plenty to tell!
Buenos dias, If residency is obtained/complete, how does one go about obtaining an RFC? Could that RFC number be for a married couple or would each individual need their own RFC #? We will need this if improvements are made on our jointly owned property.
It is like a social security number so each individual would have one unless you have a business. In that case, the business would have its own RFC like an EIN in the U.S. (Employer Identification Number). I am going to do another video to show you how to apply for the RFC online. You will need to have a CURP to do that. You can also take your CURP and ID down to a tax office (run by SAT) and they can get you an RFC. I know that might sound confusing, That's why I am dedicating an entire video to the topic...lol.
You are always so on spot accurate but on the RFD sample mes y dia de nacimiento estan mal localizados. Just a detail. You are the best at this. While others channels may be at High School level, (or less) you have brought it to College.
Thanks. I didn't actually create the sample. It came from another site about the topic. I gues that's what happens when you try to take shortcuts...lol.
I'm in construction and I get a lot of people tell me that if I want a factura it will cost an extra 16% Iva. How is the best way of responding to this since it's obvious they're not filing taxes and doing things illegally? Everything should include taxes.
Totally off topic here. I always watch new videos you post. This time, in addition to the great information, I noticed the great Aloha shirt (gueros call them Hawaiian shirts, but Hawaiians and transplants call them Aloha shirts). Can I ask if you got it online somewhere?
Hi Paul, Love your vids! I live in the US, but we are building a house in Mexico (vacation and vacation rental income). Do I need a Factura to turn into my CPA in order to deduct expenses on our IRS tax season? I have dual citizenship (USA & MX) and I have a CURP but not an RFC. Would love to hear your take on this.
I enjoy your vlogs, very informative! Now, could you inform me on who made that AWESOME shirt? I must get one to add to my collection. Thanks for your videos.
Hi, fellow expat here in Morelia. Question, I am officially a Mexican Citizen as of today(birth right) my RFC is next on the list. What should I register myself as? I have lawyer friends and they informed me that since my income is taxed in the US I don’t need to report it here with the SAT. So should I register myself as a business person (which I am in the US?)
and to make your day ...... did you know that in Argentina a Factura is a dessert ? some kind of cookie/brownie . factura in Mexico is an Invoice for tax purposes Hello from the Lone Star State .
They should be identical. There are businesses that will offer a discount if you don't want a factura. That is simply tax evasion. In Mexico, all prices shown already include tax. The factura may show the amount of the total that is tax but it is not being added. A nota often does the same.
Always providing the best information. just curious, sine you purchased your residence there, you didn't need to get an RFC when you purchased your residence? Or was it not needed since you are not (I assume) paying taxes in Mexico? Thank you
They didnt't require an RFC when we bought. We didn't have to pay any taxes when we bought, It is important to have an RFC when you want to sell though, especially of you want to claim a capital gains exemption.
The Riviera Maya is generally safe for foreigners. There is crime everywhere in the world. You just have to be aware of your surroudings and make good life choices. :)
@@qroo oh shoot Cancun that's awesome I dwell in Rosarito, have been since I was a teenager. It's okay here better then Tijuana i plan on going further south i like the Baja peninsula.
I do hope you guys are ready for the economic collapse of the USSA, to say it's going to be brutal is an understatement. Been ready and waiting for this since 2008, glad I'm living in Mexico, would not want to be there when it collapses.
RFC (Google search defines as): "Taxpayers who register in the Federal Taxpayer Registry will be provided with a tax identification number known as (RFC), as well as with a tax identification card or certification of tax registration once they comply with all the requirements set forth by the Mexican Tax Administration ..." I'm a teacher, and replayed the video and still didn't clearly get what RFC was, although it was inferred as if we already knew the abbreviation's meaning. Thank you for the video.
Sorry I wasn't clear enough. I also did not include what RFC stood for because I really thought all the additional Spanish would just confuse many of our English-speaking followers..lol. We usually just tell new expats that it is like a social security number in the U.S. They typically nod and say, "Ok."...lol.
@@qroo --I can appreciate that. I'm debating and researching IF at this time I want to make a move to Mexico, so am scouring youtube and internet to find the gems of information that will inform me and serve me in the future. It's likely that I'm not alone, given the current social/political situation here in the USA. Lots of folks (even Mexican natives who moved to the USA) are weighing the situation and options. Blessings, Star
your employer needs the RFC to pay your taxes he takes out of your paycheck. Also, the self employed. The invoice has the + 15% IVA that is added and goes to Federal taxes which is paid by the consumer. It's to control all purchases and services to make sure government gets their share.
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide bit.ly/3SICdD0
Boost Your Spanish ruclips.net/video/Nzc1oRSAPQ0/видео.html
This is, by far, the most valuable expat channel on RUclips! Thank you for sharing relevant information to help educate folks who are considering a move to Mexico, and not just tourist information. 🙏🏻
Thanks, Joan. :)
Very true!
So true. No fluff. No BS. Straight to the point.
Definitely!
Perfectly explained.
I just add that RFC means registro federal de contribuyente (federal taxpayer number/registration).
Saludos from Yucatán.
I'm sorry, I forgot to let you know that your information is very good and important while living in Mexico, you make expats' life much easier!
Thanks, Dragon. :)
Just one more example of why I watch this channel. I may never go to Mexico, but I now know something that will help me understand "the world" better. I don't want to be that person who says, "I've never even heard of that before". It's out there and up to me to learn it.
Thanks for watching and taking the time to comment, Bent.
You can look at "Factura" as the equivalent of "Invoice" a formal document for accountant and taxes purpose. "Nota" it's a simple "receipt" so you don't forget to balance your check book.😉
When we purchased a motorcycle here in Mexico, we needed a Factura , and it was done with the generic RFC under my husband's name who is only legal permanent resident, in case he wants to sale it later.
invoice is not to sell something later, invoice to deduct for your annual return, it is tax deductible
@@mariamar2114 Thanks, but in order to be able to sale his bike, the factura needs to be with the owner's own RFC. Bit of difference here in Mexico than in the US where invoice is only for your itemized deductions.
@@mariamar2114 which, for us, the bike ended up being sold to me, under my name and my Mexican citizen own RFC so we it could be received by the agency as down payment for a bigger bike. Generic RFC are not acceptable by reputable business.
My wife's family owns a business. Every purchase we make for that business, we use the RFC. I never make those purchases *on my own,* my wife pulls out the information.
Thank you for the info Paul, even for some one like me that was born in Mexico and then lived for a long time in the US this is so helpful since I've been away for so long, you videos are a gem! Like they say in Mexico... Gracias Wero!
De nada, Damian! ;)
Güero is what I tell them I am, and I tell them I am a gringo when they call me a güero…. Just my way of joking and letting them know I could care less about anything they call me. They love me anyway so it is all good! Come back to Mexico, right now it is better here and it is going to get a lot better in the years to come! So is the rest of the world! But, Mexico is what I like so I can practice Spanish…
When a video is made in public, or even in a living room, many others could conceivably be listening. With the black screen it's more intimate somehow, like you're talking only to the viewer. I think that's why I like it...
I get mixed reviews on the black background. Thanks for taking the time to leave a comment.
FYI - In Argentina and Uruguay, a factura is a generic piece of pastry you'd buy in a bakery
Thanks! I need to explain this for my foreigner boss and this make me easy to explain
GOOD INTEL, THANKS
Thank you. Watched this video before; today searched for generic RFC no luck then remembered to add "two expats Mexico" screen capture the end RFC. Hope I don't need it. Many thanks for your informative channel. Puebla for the weekend after 3 years. Return via AIFA hope that is not a mistake. Hey it was cheap. (Land crossing to US).
Dude, that's good information! Thank you.
Always good stuff.
Very interesting indeed. Thanks. I will keep ‘factura’ in mind for our trips to Mexico. Hopefully we won’t require it, at least for medical services obtained. Cheers.
As usual, very helpful video. Thank you for making these videos.
Thanks for taking the time to check it out.
Thanks Paul. Really helpful to know regarding medical insurance.
I want to thank you for creating your very informative videos. I have watched many of them myse!f and now share them with my daughter. We are now planning a trip to Aguascalientes.
Again thank you for the videos and keep creating them
Ann Gutierrez 👍👍💙💙
Thank you, Ann, Enjoy Aguascalientes. :)
Thanks so much for the info on a general factura. I've lived here for four years and wondered when asked for an RFC.
I have the same story of my first purchase of a small appliance!
Recivo .....is what we called it Puerto Rico .... great information , because I had no clue it was such difference in Mexico ....such variables in our Spanish, thanks!
I realized there was a difference when I learned Mexican Spanish at work then married a Colombian. They call children chinos, blonde people monos, and handsome men churros. It was like another language...lol.
@@qroo There is a great variance in terms, not unlike US, UK, Australia.
Another great vlog full of useful information !! Gracias Paul
Gracias!
Very well presented Paul. Also english is not my 1st language (french cdn) and your diction is perfect.
thank you. :)
The factura system is a good one but it has lead to a lot of scumbaggery with people who have business licenses requesting facturas from restaurants, grocery stores, and specialty stores and saying that these expenses are business-related. My dad ran a leatherwork shop in Tijuana that made things like leather jackets, wallets, and handbags and every other week someone would come in, buy something, and request a factura.
Wow, I didn't know, thanks for sharing your knowledge with us.
QRP, I have pretty much watched all of your videos and wanted to say thank you for the education I have received. We are planning on moving to Mazatlan and your guidance is appreciated.
Thanks for watching them. I'm glad to hear that you like them. We'll be over in Mazatlan in January. It's a nice place.
If you need an invoice/factura: you will pay an 8-10% extra over the invoice total. (for tax puposes). A nota/receipt is just for your records.
I have lived in Mexico for years, own my own home, have remolded, don’t pay taxes, have had emergency medical care at the hospital, SS doesn’t pay for medical in Mexico. I have never been asked for a fractura. Now in Ecuador you want to save your sales receipts because if you are over 65 you are reimbursed for the sales tax you pay.
Thanks for the info.
Excellent information! Concise! Informative! Crucial and helpful!! Big thanks!!!
So what about all the repairs that my property managers does and all the toilets and faucets replaced, as well as the handyman costs? She has upgraded every little thing in my condo! I have seen no facturas ni notas! (And the previous PM told me they don't give receipts.) Do a video on PMs and I will have plenty to tell!
I’m really learning a lot - and it’s useful things too 🤣🤣. Thank you. Can’t wait to get back. Take care.
Thanks for watching! Take care. :)
Thank you Paul 😊
Your videos are invaluable
Cheers from Canada 🇨🇦
For now 😉😉👍
Take care brother 💙 🙏
Thanks for watching, Cheers!
Love the channel! ..as always thanks so much for the great information you provide!
Thanks for watching!
Buenos dias, If residency is obtained/complete, how does one go about obtaining an RFC?
Could that RFC number be for a married couple or would each individual need their own RFC #? We will need this if improvements are made on our jointly owned property.
It is like a social security number so each individual would have one unless you have a business. In that case, the business would have its own RFC like an EIN in the U.S. (Employer Identification Number). I am going to do another video to show you how to apply for the RFC online. You will need to have a CURP to do that. You can also take your CURP and ID down to a tax office (run by SAT) and they can get you an RFC. I know that might sound confusing, That's why I am dedicating an entire video to the topic...lol.
@@qroo Will be looking forward to it! Muchos gracias!
Always great video and info. More and more I'm gearing towards Mexico.
Thank you so much!
Great information! Thanks for always helping us out.
Great information , as always !!!
Thanks.
Another great informative video. Thanks Paul.
Glad you enjoyed it!
Good intel!
You are always so on spot accurate but on the RFD sample mes y dia de nacimiento estan mal localizados. Just a detail. You are the best at this. While others channels may be at High School level, (or less) you have brought it to College.
Thanks. I didn't actually create the sample. It came from another site about the topic. I gues that's what happens when you try to take shortcuts...lol.
Thanks again, always informative
My pleasure!
I'm in construction and I get a lot of people tell me that if I want a factura it will cost an extra 16% Iva. How is the best way of responding to this since it's obvious they're not filing taxes and doing things illegally? Everything should include taxes.
Excellent as usual. Gracias Paul
Thanks. :)
Good 2 know. Thanks!
Totally off topic here. I always watch new videos you post. This time, in addition to the great information, I noticed the great Aloha shirt (gueros call them Hawaiian shirts, but Hawaiians and transplants call them Aloha shirts). Can I ask if you got it online somewhere?
My wife bought me a bunch of them on sale at TJ Maxx...lol. Thrifty old people. They are comfy though.
@@qrooMe encanta su gusto. Pura vida desde Costa Rica
Gracias! Un saludo!
Gracias
Hi Paul,
Love your vids! I live in the US, but we are building a house in Mexico (vacation and vacation rental income). Do I need a Factura to turn into my CPA in order to deduct expenses on our IRS tax season? I have dual citizenship (USA & MX) and I have a CURP but not an RFC. Would love to hear your take on this.
I enjoy your vlogs, very informative! Now, could you inform me on who made that AWESOME shirt? I must get one to add to my collection. Thanks for your videos.
Thanks for watching. The brand of the shirt is Boca Classics. :)
@@qroo Gracias Senior
Hi, fellow expat here in Morelia. Question, I am officially a Mexican Citizen as of today(birth right) my RFC is next on the list. What should I register myself as? I have lawyer friends and they informed me that since my income is taxed in the US I don’t need to report it here with the SAT. So should I register myself as a business person (which I am in the US?)
and to make your day ......
did you know that in Argentina a Factura is a dessert ? some kind of cookie/brownie .
factura in Mexico is an Invoice for tax purposes
Hello from the Lone Star State .
Now I wonder what they call their tax invoices in Argentina....lol.
Factura=Invoice. Nota=receipt.
why did you leave out that facturas have additional IVA thrown onto them? a rather large 16% difference between a factura a nota.
They should be identical. There are businesses that will offer a discount if you don't want a factura. That is simply tax evasion. In Mexico, all prices shown already include tax. The factura may show the amount of the total that is tax but it is not being added. A nota often does the same.
Always providing the best information. just curious, sine you purchased your residence there, you didn't need to get an RFC when you purchased your residence? Or was it not needed since you are not (I assume) paying taxes in Mexico? Thank you
They didnt't require an RFC when we bought. We didn't have to pay any taxes when we bought, It is important to have an RFC when you want to sell though, especially of you want to claim a capital gains exemption.
@@qroo Thank you
We own our Mexican home through a corporation and not a bank trust. We therefore do need facturas. And our business Sweet Home Not Alabama has an RFC.
Ah, then you know all about facturas. :)
👍
So funny I’ve heard my friends in Mexico use this but I’ve always thought it was fractura. Haha duh. So much for comprehension
Is this a safe space for Americans in Mexico
The Riviera Maya is generally safe for foreigners. There is crime everywhere in the world. You just have to be aware of your surroudings and make good life choices. :)
@@qroo oh shoot Cancun that's awesome I dwell in Rosarito, have been since I was a teenager. It's okay here better then Tijuana i plan on going further south i like the Baja peninsula.
Great information as always. Not a fan of the black background!
I'm still experimenting wity some different styles. What would you suggest?
I do hope you guys are ready for the economic collapse of the USSA, to say it's going to be brutal is an understatement.
Been ready and waiting for this since 2008, glad I'm living in Mexico, would not want to be there when it collapses.
You said it, Sarah Connor!
yes but where is your income from ?
Conspiracy theory much? You’ve been waiting 13 years so far, how much longer before you relax?
@@PP-uv1kw
Not from the corrupt USSA
And how is this spam related to Factura, Nota and RFC? 🙄
RFC (Google search defines as): "Taxpayers who register in the Federal Taxpayer Registry will be provided with a tax identification number known as (RFC), as well as with a tax identification card or certification of tax registration once they comply with all the requirements set forth by the Mexican Tax Administration ..."
I'm a teacher, and replayed the video and still didn't clearly get what RFC was, although it was inferred as if we already knew the abbreviation's meaning. Thank you for the video.
Sorry I wasn't clear enough. I also did not include what RFC stood for because I really thought all the additional Spanish would just confuse many of our English-speaking followers..lol. We usually just tell new expats that it is like a social security number in the U.S. They typically nod and say, "Ok."...lol.
@@qroo --I can appreciate that. I'm debating and researching IF at this time I want to make a move to Mexico, so am scouring youtube and internet to find the gems of information that will inform me and serve me in the future. It's likely that I'm not alone, given the current social/political situation here in the USA. Lots of folks (even Mexican natives who moved to the USA) are weighing the situation and options. Blessings, Star
Registro Federal de Contribuyentes. Tax ID.
your employer needs the RFC to pay your taxes he takes out of your paycheck. Also, the self employed. The invoice has the + 15% IVA that is added and goes to Federal taxes which is paid by the consumer. It's to control all purchases and services to make sure government gets their share.
@@prime8nate --Muchas Gracias.