What is a Mexico RFC Number? This number is
· A 12-digit tax identification number used by the SAT office for tax purposes
· Issued to individuals and businesses in Mexico
If you are new to Mexico or you plan to visit and work or do business in Mexico, you need an RFC number. Continue with this article to know about Mexico RFC and how to apply for one.
What Does RFC mean?
RFC stands for registro federal de conbtribuyentes, and it is a 12-digit number issued to businesses and individuals in Mexico. Each RFC tax id number is unique and can be obtained in any SAT office nationwide.
RFC is used for taxation, and all Mexican nationals are expected to have one. Despite it being mandatory by law, many Mexicans do not have it because, unlike what is obtainable in other countries, there are zero tax benefits associated with this number.
RFC numbers come in handy for bank transfers and any transaction involving banks in the country. Attached to the number is a 16% VAT charge, so when transacting business with RFC licensed businesses, they often charge the customer the VAT and pass on the excess cash to the government.
If you are new to Mexico and you want to transact business and make payments easily, besides opening a bank account, obtaining an RFC number is important.
How To Get Mexico RFC Number?
To get Mexico RFC Number, certain things have to be in place before you even attempt to register for one. The first thing you need as a foreign national living in Mexico is a valid residency permit. This permit is issued by the Mexican immigration authorities through its consulates worldwide.
So the mere fact that you are in Mexico means that you have your legal papers, which allows you to stay and work in the country or even do business. If you have a valid resident permit and other travel documents in order, then you can visit the SAT office closest to you to register for your RFC number.
Book An Appointment
The first thing you need to do is book an appointment with the SAT administration an appointment can either be done online or in person. Unfortunately, many people in Mexico do their bookings in person because the SAT website can crash at any time due to overload.
If you can’t do it online, the other method is to apply for it in person by visiting their office to apply for a certified copy by the SAT stands. Once you succeed in booking the appointment, a date will be issued to you. If you do the booking online, a confirmation email will be sent to your inbox confirming the date.
Arrange All Necessary Documents
There are certain documents you will need to register for an RFC tax identification number. These documents will be used by SAT to process your application. They are as follows
Your passport is required for the application processing. Make sure the passport has not expired and is the same one you used in entering Mexico.
Valid Residency Permit
Residency Cards are also required. A residency card issued by the authorities to foreign nationals who live in Mexico. Your resident card should indicate whether you are a temporary or permanent resident in Mexico
Proof Of Address
You have to prove your address by providing any valid document. You can present a CFE or Telmax document or a bank statement if you have one. This can be obtained from the landlord if you live in a rented apartment. If not, just ask around for any document you can use to prove where you live.
You need a CURP number to register for RFC. This number can be printed online if you already have one.
All documents must be photocopied since you will present both the original and the photocopy to the SAT official. Also, make sure that you save your documents in a cloud service or an external flash drive
Note: If you have difficulty getting a proof of address or any other document required for the process, contact an immigration lawyer if you don’t already have one to assist you in obtaining relevant documents.
Go To The SAT Office
On the day of your appointment, make sure you arrive as early as possible because you will most likely meet a queue of people waiting for the same purpose. The SAT official will cross-check the record to ensure your name is on the list for the set date.
Then your documents will be reviewed to ensure they are valid and in order. If they are, the process may take between 30 minutes to an hour, and your Mexico RFC number will be generated and issued to you.
Getting a Mexico RFC Number is not a hard thing to do. You only need to wait your turn if you meet a crowd, but once it is issued to you, this is a number you can use forever since it doesn’t expire.