Taxes for Professional Services as a Legal Professional
I have posted some notes on this subject, and today I am providing a summary.
Legal services including notary services, are not being taxed. This means that, for now, whenever a legal service is paid for, no tax would be added.
On the other hand, any service delivered by a lawyer or law firm which is not tied to the license as such, IS taxable at the rate of 4% until March of 2016 when the rate increases. An example of this would be filing documents at the property tax agency. Such a task is not limited to lawyers and could be performed by any individual trained on the subject. This would be a taxable service.
Now, a notary performing a closing is clearly a legal service and is not taxable.
Santiago F. Lampón