“Ghost” companies invoice about 5% of Mexico´s GDP


“Ghost” companies invoice about 5% of Mexico´s GDP

Osvaldo Santín, head of Mexico´s SAT, mentioned that more than 6,000 "ghost companies" have
been located, these companies have performed simulated or non-existent operations for close to
1.4 billion pesos, representing approximately 5% of the Gross Domestic Product ( GDP), equivalent
to one third of the Federal Budget of Expenditure 2017 (Presupuesto de Egresos de la Federación
2017), being double the fiscal deficit as mentioned by the Ministry of Finance and Public Credit, at
the end of last year.
Also, during the 11th inauguration of the Fiscal Update Seminar (Seminario de Actualización Fiscal)
conducted by the National College of Mexican Notaries, he warned that there are 6,500
companies that have fallen under the assumption of "ghosts", and a total of 3,918 are definitive
cases, carrying out operations by 783 billion pesos.
Since the publication of the list, which aims to identify these so-called "ghost companies", many
have been regularized, so about 9 billion pesos have been recovered, all thanks to the
implementation of new electronic invoices and the diverse faculties the tax authority has.
"One of the detected schemes has been the hotel sector, where real companies hire real suppliers
with services that are not easy to prove, these companies, in turn, subcontract to other companies
to dilute the trail to the operations place the resources in companies that do not exist, "he said.

No Comments

Leave a Comment