Saturday, July 16, 2022

Mexicoś income tax rates personal and corporate income earned in Mexico

Go the following link to read about Mexicoś personal income tax rates on individuals. 

Cabo San Lucas - a Tax Haven?
https://taxsummaries.pwc.com/mexico/individual/taxes-on-personal-income.

Mexican corporations pay a flat rate of 30% of net profit.

Most Mexico dividends and interest paid by banks are taxed at 10% which is the amount the payor withholds when that income is distributed to you.

Need further advice or return preparation  on your US taxes with respect to you rental, business or other income from Mexico?  Email us at 
Mexico -US tax informaton