Professional Services Tax Regime: Who Qualifies and What You Get

This tax regime provides a specific framework for doctors working as independent contractors to declare their income and deduct their professional expenses.

👤Who it's for

This scheme is specifically designed for doctors who work as independent contractors. It is intended for medical professionals who operate outside of a traditional employer-employee relationship and manage their own professional practice or private consultations.

🎁What you get

Under this framework, you receive a structured way to manage your professional finances. You get a formal system for declaring the income you earn from your medical services and a corresponding mechanism to deduct your professional expenses. This allows you to account for the costs associated with your practice when calculating your tax obligations.

💰What it costs you

Participating in this regime requires a commitment to regular administrative tasks. You are responsible for filing monthly tax returns to report your income and expenses. Additionally, you must complete a formal annual tax return (Declaración anual) to finalize your financial standing for the year.

⚠️The catch to know

To stay compliant and avoid audits, you must ensure you are following all digital invoicing requirements. Specifically, you are required to issue a CFDI (digital invoice) for every consultation you provide. Keeping these records up to date is essential for accurately reporting your professional income and expenses.

📝How to apply

1. Confirm your status as an independent professional providing medical services.
2. Register your professional credentials and tax status with the relevant authorities.
3. Ensure you have the necessary tools to issue a CFDI for every consultation you conduct.
4. Maintain detailed records of all income and professional expenses for your filings.
5. Submit your required monthly and annual filings through the official portal: https://www.sat.gob.mx