Nonresidents of Mexico who own rental property there must pay Mexican income tax and in many
instances Mexican IVA (value added taxes) on their rental income. Failure to do so can result in huge penalties when caught by the SAT (Mexican IRS). If you rent out through VRBO or ARBNB they will
pay the taxe for you but if you have a long term rental or do short term rentals on your own, you must file the required tax returns. Now even those with FMM (tourist permits) can get an RFC (tax id number) so they can pay their Mexico income taxes.
Read more about how Mexico rental taxes work here:http://rentaltaxmexico.com/
We have been assisting Gringos living and owrking in Mexico with their US taxes for over 20 years. Write us for more information: Kauffman Nelson LLP, Certified Public Accountants Email us for more information and assistance.
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