Doing Business México 2020 MEX | Page 43

Doing Business 2020 4 Mexico The notary obtains a certificate of good standing with the water service Agency : Sistema de Aguas de la Ciudad de México (SACM) Article 27 of the Fiscal Code of Mexico City establishes that the interested parties shall provide the notary evidence that the property subject to transfer has no outstanding debts to the water supply provider and property tax. This evidence should cover any outstanding from up to five years before the date when the public deed of sale and purchase is signed. Less than one day, MXN 167; (MXN 167.00 online (Article 248 VIII of the Fiscal Code)) In January 2016, a new online platform was introduced to complete this procedure online (http://www.finanzas.df.gob.mx). In order to request this information ("constancia de adeudo de aguas"), the petitioner only has to submit the water utility Account Number associated with the property to the system and pay the corresponding fee of MXN 158.70. The certificate is valid for a period of 2 months. 5 The notary checks the good standing of the seller on the property tax (predial) Agency : Ministry of Finance of Ciudad de Mexico (Secretaría de Finanzas de la Ciudad de México) The certificate of good standing of the seller on the property tax ("impuesto predial") is one of the documents to be provided by the interested parties under art. 27 of the Fiscal Code of Ciudad de Mexico; the receipts of payments of the predial (boletas) are no longer required. Less than one day, MXN 167; (MXN 167 if online certificate of good standing ("constancia de no adeudo") is requested; no cost if information is checked online.) Since February 2015, it has been possible to obtain this information online (http://www.finanzas.df.gob.mx). The petitioner has to submit the Cadaster Number (Cuenta Predial) in order to obtain the information of any outstanding debts of the property for the last 5 years. Page 43